AVN 55.85 Decreased By ▼ -1.17 (-2.05%)
BOP 10.27 Increased By ▲ 0.14 (1.38%)
CHCC 129.60 Increased By ▲ 0.77 (0.6%)
DCL 9.06 Decreased By ▼ -0.26 (-2.79%)
DGKC 106.45 Decreased By ▼ -1.14 (-1.06%)
EFERT 67.14 Decreased By ▼ -0.36 (-0.53%)
EPCL 31.91 Decreased By ▼ -0.69 (-2.12%)
FCCL 21.12 Increased By ▲ 0.01 (0.05%)
FFL 13.15 Increased By ▲ 1.18 (9.86%)
HASCOL 13.68 Increased By ▲ 0.11 (0.81%)
HBL 129.99 Increased By ▲ 5.33 (4.28%)
HUBC 83.00 Increased By ▲ 1.60 (1.97%)
HUMNL 9.55 Decreased By ▼ -0.05 (-0.52%)
JSCL 15.90 Increased By ▲ 0.05 (0.32%)
KAPCO 24.50 Decreased By ▼ -0.25 (-1.01%)
KEL 3.64 Decreased By ▼ -0.07 (-1.89%)
LOTCHEM 12.98 Decreased By ▼ -0.22 (-1.67%)
MLCF 33.49 Decreased By ▼ -0.16 (-0.48%)
OGDC 114.20 Decreased By ▼ -0.30 (-0.26%)
PAEL 33.55 Increased By ▲ 0.81 (2.47%)
PIBTL 11.20 Decreased By ▼ -0.14 (-1.23%)
PIOC 81.10 Increased By ▲ 5.00 (6.57%)
POWER 8.82 Increased By ▲ 0.70 (8.62%)
PPL 99.61 Increased By ▲ 0.58 (0.59%)
PSO 184.71 Increased By ▲ 0.71 (0.39%)
SNGP 55.94 Decreased By ▼ -0.42 (-0.75%)
STPL 11.69 Increased By ▲ 0.48 (4.28%)
TRG 49.55 Decreased By ▼ -0.21 (-0.42%)
UNITY 12.66 Increased By ▲ 0.10 (0.8%)
WTL 0.97 Decreased By ▼ -0.04 (-3.96%)
BR100 4,142 Increased By ▲ 6 (0.15%)
BR30 21,155 Decreased By ▼ -4 (-0.02%)
KSE100 39,967 Increased By ▲ 95 (0.24%)
KSE30 17,353 Increased By ▲ 33 (0.19%)
COVID-19 TOTAL DAILY
CASES 280,461 432
DEATHS 5,999 15
Sindh 121,705 Cases
Punjab 93,336 Cases
Balochistan 11,777 Cases
Islamabad 15,095 Cases
KP 34,253 Cases
Business

Ehsaas Programme: HBL to disburse Rs 90 billion among 7.5 million beneficiaries

Habib Bank Limited (HBL) will disburse Rs 90 billion among 7.5 million beneficiaries under Ehsaas Emergency Cash Program. This program has been launched by the government of Pakistan to support the daily wage earners and piece-rate workers resulting from

Habib Bank Limited (HBL) will disburse Rs 90 billion among 7.5 million beneficiaries under Ehsaas Emergency Cash Program. This program has been launched by the government of Pakistan to support the daily wage earners and piece-rate workers resulting from the lockdown in the country due to the ongoing Coronavirus (COVID-19) crisis.
HBL and Ehsaas are already partnering on the Kafaalat program that benefits the most deserving women across the country. According to HBL, the delivery of the Ehsaas Emergency Cash program is the largest social safety net initiative in Pakistan's history.
HBL is leading this effort across Sind, Baluchistan, Punjab and ICT, in disbursing approximately Rs 90 billion to an estimated 7.5 million beneficiaries. Under the existing partnership, HBL is stepping up to support this initiative to provide emergency cash assistance with a disbursement of Rs 12,000 per family.
HBL, on a short notice, has stepped up to support the delivery of the emergency cash to the beneficiaries, in addition to the already 3 million Kafaalat beneficiaries.
Habib Bank said that it is an honored to expand its partnership with Ehsaas, leveraging the transparent mechanism put in place jointly by Ehsaas and HBL, to play its part in the relief efforts that the Government of Pakistan is undertaking to assist those impacted by coronavirus.
HBL has also announced full support to the Prime Minister of Pakistan in this initiative and lauds the support given by the Provincial Governments for the program. HBL is one of the two Ehsaas exclusive funds disbursement partners chosen to enable the payment of emergency cash.
Muhammad Aurangzeb, President and CEO of HBL, commented that while the Coronavirus crisis continues to develop and cause uncertainty to all of us, HBL is keenly aware of its duty to support Pakistan at this difficult time. Ehsaas Emergency Cash Program brings together various programs for poverty alleviation into a single platform while leveraging the role of the private sector and digital technologies, he added.
It may mentioned here that HBL's national presence, largest distribution network, branchless banking platform HBL Konnect and investment in technology and talent, enables the Bank to undertake this huge task.'
Dr Sania Nishtar, Special Assistant to the Prime Minister on Poverty Alleviation; Chairperson BISP already believes that through the Ehsaas Program, the government will provide social protection to more than 12 million deserving families affected by the economic downturn due to the coronavirus outbreak.

Copyright Business Recorder, 2020