Dar directs SBP, HBL to take steps for smooth distribution of cash relief to flood affectees

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar chaired a meeting to review the payments of cash assistance to flood affectees here at Finance Division, on Tuesday.

Minister of State for Finance and Revenue Dr Ayesha Ghous Pasha, Governor State Bank of Pakistan (SBP), President HBL, Secretary Finance, Secretary BISP and senior officers attended the meeting. Secretary Benazir Income Support Program (BISP) briefed the meeting that almost ninety per cent of beneficiaries have been paid cash assistance. The remaining beneficiaries will receive the payment within next five days.

He further informed that there were a few complaints regarding malpractices in payment at ATMs and POS. Governor SBP and President HBL also updated the meeting on the situation and informed that a big volume of the relief cash has been distributed to the flood affectees and apprised on taking steps to address the complaints.

The Finance Minister expressed concern on the malpractices in payments to the flood affectees and emphasized that the government stands with the people in this hour of need and will utilize all available resources for the rescue and assistance of the flood affectees.

He stressed the SBP and HBL to redress the grievances of the flood effectees and take every possible step for the smooth and actual distribution of cash relief to the affectees. He directed to ensure availability of cash at all the distribution points, resolution of cyber related issues to ensure timely payment of relief cash to flood affectees by strengthening cash distribution system.