PM Imran launches Ehsaas Saving Wallets in Islamabad

ISLAMABAD– Prime Minister (PM) Imran Khan on Monday has launched Ehsaas Saving Wallets (Ehsaas Bachat Bank Account) Initiative in Islamabad.

Addressing the ceremony, the PM termed this program as a very significant initiative, saying financial inclusion of women will help in their mainstreaming and reduce the poverty.

He said through Ehsaas Bachat Bank Account, the women will be able to better utilize the cash assistance being given to them under Ehsaas Program.

The prime minister was confident that like other programs of Ehsaas, this will also prove to be a success.

Imran Khan pointed out that Ehsaas Cash Emergency program has been ranked amongst top four social protection interventions by the World Bank.

He said in the wake of Covid-19, cash assistance was delivered to the deserving families in the most transparent and apolitical manner. He said if timely assistance was not delivered, the situation arising out of the pandemic would have added to the woes of the poor lot.

The minister noted that no nation can become great until and unless it takes care of the poor people. He once again expressed the commitment to uplift the weak segments of the society as per the principles of State of Madina.

It is to be mentioned here that from now onwards, Ehsaas Kafaalat beneficiaries will have the option of either drawing their money or saving money into digital wallets.

The beneficiaries of Kafaalat program can open these accounts at agent shops or ATMs.

Initial transactions through these accounts will include balance inquiry, cash in and cash out, transfer funds received from Ehsaas to mobile accounts, mobile top up, utility bill payments and money transfers.

The aim of this program is to encourage savings which has shown to help alleviate poverty. It will deepen the financial inclusion initiated under the ‘One Woman One Bank Account Policy’.