BISP has signed a historic memorandum of understanding with Habib Bank Limited and Bank Alfalah Limited on a strategic partnership that will enable financial inclusion of millions of women as envisioned in Ehsaas programme under the one-woman-one-bank-account initiative. Special Assistant to Prime Minister on Poverty Alleviation and Social Protection and Chairperson BISP, Dr. Sania Nishtar said that a series of policy initiatives and measures are being taken to turn BISP into a model of good governance. She said that the new biometric based payment solution developed by BISP through an open and consultative process was a great step to ensure good governance, transparency and efficiency in the payment mechanism for beneficiaries. Hiring of the new financial institutions through a transparent and open competitive bidding process was a significant development for improved service delivery and fraud prevention, she added. A competitive procurement process completed in eight months was carried out in most transparent manner with representation from all relevant ministries and organizations.