PBM
Press Release
19-02-2015
PAKISTAN BAIT-UL-MAL

“PBM signs MoU with Mobicash to adopt a rapid and transparent mode of cash disbursement to its beneficiaries. MD PBM Barrister Abid Waheed Sheikh, Vice President Mobilink Bilal Munir Sheikh and Dy. MD PBM M. Aslam Chaudhry witnessing the ceremony.”

Today Pakistan Bait-ul-Mal is stepping forward into the modern era by assuming a rapid and transparent mode of cash disbursement to its Child Support Programme (CSP) beneficiaries. This initiative underlines our commitment for devising transparent & efficient delivery mechanism for PBM beneficiaries.
Managing Director Pakistan Bait-ul-Mal, Barrister Abid Waheed Sheikh.

Pakistan Bait-ul-Mal (PBM) has signed MoU with Mobilink Cellular Company to avail its mobicash service for its beneficiaries. In this regard MoU signing ceremony held at PBM head office, Islamabad. Under the project, Mobicash will make disbursements to the Child Support Programme (CSP) beneficiaries across the country. In the pilot phase, the project has been rolled out in District Khairpur which will be expanded nationwide in the next phases. The beneficiaries will be paid after biometric verification to ensure transparency.Managing Director PBM Barrister Abid Waheed Sheikh talking on this occasion said that this arrangement is an absolute solution for funds transfer and today Pakistan Bait-ul-Mal is stepping forward into the modern era by assuming a rapid and transparent mode of cash disbursement to its Child Support Programme (CSP) beneficiaries. He said that this initiative underlines our commitment to devise transparent & efficient delivery mechanism for PBM beneficiaries. MD PBM informed that this payment mechanism will also reduce funds disbursement cost. It’s also heartening to know that mobicash is disbursing the funds free of cost for the pilot project in District Khairpur to around 15,000 beneficiaries.Vice President Mobilink Bilal Munir Sheikh speaking on the occasion, highlighted the benefits and importance of this project. He said that we have customized our solutions to meet the needs of this project and hope that it will bring convenience in executing the CSP project.