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April 12, 2020

Bank Alfalah to deliver Ehsaas cash

Business

April 12, 2020

KARACHI: Bank Alfalah is one of the two exclusive partners to deliver Rs144 billion funds under the Prime Minister’s Ehsaas Emergency Cash Programme to support communities affected by the country-wide lockdowns due to COVID-19, a statement said.

The Ehsaas Emergency Cash Programme is the largest social safety net initiative in Pakistan’s history. In the first phase, 1.5 million beneficiaries located in the remote areas of Khyber Pakhtunkhwa, Gilgit-Baltistan, and Azad Jammu and Kashmir were asked to visit designated locations where Bank Alfalah teams were also present to ensure smooth delivery. Subsequent phases would extend the support network across Pakistan. Each eligible family would be receiving Rs12,000 to meet their financial needs.

“To facilitate beneficiaries, designated Bank Alfalah locations are being opened on Saturdays and Sundays for easier access. To reduce exposure, fresh currency notes have been deployed at these locations for disbursement. Designated locations are following strict social distancing measures and Bank Alfalah’s teams are coordinating closely with the government officials for quick and safe processing,” the statement said.

Bank Alfalah President and CEO Atif Bajwa said, “Our remote communities are most financially vulnerable in these circumstances, and we are stepping up to ensure that their needs are catered to. We laud the government’s efforts in this challenging time and stand with them in ensuring safe and secure delivery of the emergency funds.”