Epaper – May 25 ISB 2021

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Tuesday, 25 May, 2021 I 13 Shawwal, 1442 I Rs 15.00 I Vol XI No 324 I 12 Pages I Islamabad Edition

Women’s financial inclusion crucial to fast-track poverty alleviation: imran g

PM LAUNCHES EHSAS SAVINg WALLETS INITIATIVE

IsLAMABAD Staff report

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RIME Minister Imran Khan on Monday said women’s financial inclusion was crucial to fast-track poverty alleviation, thereby contributing to the national economic development. Addressing the gathering during the launch of the Ehsaas Saving Wallets programme, the prime minister said no nation could progress until it empowers its weaker social groups. The initiative, an essential component of Ehsaas Financial Inclusion Strategy, was launched by the prime minister during the visit of Queen Máxima of the Netherlands in 2019. The prime minister said the saving wallets programme was in line with the universal fact that the inclusion of women in the financial system could help them run independent businesses and save money to overcome the economic woes. He said the Ehsaas programme was acknowledged by World Bank as the fourth effective welfare initiative to provide a safety net to the poor and deserving during the coronavirus. Imran said across the world, the pandemic pushed millions of people below the poverty line, however, Ehsaas succeeded in reaching out to the poor inspired by the principles of compassion of the State of Medina. He thanked Queen Máxima for coming to Pakistan as a Special UN Advocate for Inclu-

sive Finance for Development and support the project, aimed at the financial empowerment of women. The prime minister mentioned that Pakistan also desired to follow the model of China that helped 700 million people come out of extreme poverty. He expressed confidence that the latest initiative would prove to be an effective step towards helping households in managing their finances better and meet emergency needs and invest to increase their earnings. On the occasion, Dutch ambassador Wouter Plomp read out the message of Queen Máxima, expressing her satisfaction with the implementation of the drive. The prime minister interacted with beneficiary women of the wallet programme and issued directions to resolve their grievances. Adviser to the Prime Minister on Poverty Alleviation Dr Sania Nishtar said the initiative would lead to digital and financial inclusion of women and open avenues for them to take better advantage of opportunities offered under the Ehsaas initiative. She said globally, there were examples of economies that had encouraged a mindset shift towards savings and had reaped its benefits. Kenya, she mentioned, had introduced mobile money transfers, resulting in savings increase of 22 percent in the beneficiary households, and helped lift 2 percent of these households out of extreme poverty.

coronavirus in

pakistan

CONFIRMED CASES:

903,599

LAST UPDATED AT 7:28 AM ON MAY 24, 2021

DAY'S DEATH TOLL:

NEW CASES:

74

3,084

RECOVERED:

DEATHS:

820,374 20,308 SINDH:

PUNJAB:

309,647

334,760

KP:

BALOCHISTAN:

129,883 AJK/GB:

24,583 ISLAMABAD:

18,808 / 5,500

80,418

She said Argentina transitioned from cash handouts to account transfers for a national anti-poverty programme, and the transition was found to reduce corruption. On cash payments, she said, four percent of recipients reported paying kickbacks to people or organisations that helped enroll them in the programme. On the other hand, when the payments were made directly into accounts, the number dropped to just 0.03 percent. Sania also mentioned Bangladesh as an example of how digital savings accounts were used to change the nature of government-to-person programmes from social protection to social investment using financial literacy campaigns. She said the seven goals of socio-welfare importance under 270 projects of Ehsaas were actively being carried out with weekly and monthly reviews in line with the 32 covenants. The programme is making headways keeping in view the areas of transparency and audit, information security, data governance and financial control, she added. She also mentioned that a national Ehsaas survey was 88 percent completed and announced that its first onewindow operation centre would soon be opened at the Sitara Market in Islamabad. She also gave a snapshot of the overall achievements under the umbrella of Ehsaas programme: the undergraduate scholarship, emergency cash programme, primary, secondary and undergraduate educational stipends, nashunuma programme to check stunting in 15 districts, the establishment of 35 soup kitchens out of 112, and the orphanages and shelter homes with one-star bed and breakfast facility. Sania further said a programme had been designed in collaboration with the National Bank of Pakistan to give soft loans to small grocery shop owners. The latest programme will deepen the financial inclusion initiated under the “One Woman, One Bank Account” policy. The design of the savings bank account is simple in the following ways: the accounts are targeted to Kafaalat beneficiaries, beneficiaries can open these accounts at agent shops or ATMs, and 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. Additionally, the accounts will also offer savings on deposits.

Sindh announces new coronavirus restrictions as cases increase kARACHI Staff report

The Sindh government on Monday announced sweeping restrictions to curtail the spread of the pandemic in the province after Health Ministry data showed 50 percent of the active coronavirus cases in the country were present in the province. Confirmed infections climbed to 309,647 after the province reported 1,529 new infections on Monday. The authorities tested 21,808 samples to receive back a positivity ratio of 7 percent. It also reported 11 deaths, raising the toll to 4,920. Meanwhile, the recoveries rose by 599 to 281,596. Overall, the province now has 23,131 active cases of the coronavirus. A meeting of the provincial task force on the pandemic held under the chairmanship Chief Minister Murad Ali Shah announced a ban on unnecessary movement after 8:00 pm starting May 25. It also directed the police to stop people travelling in cars “unnecessarily”. The new directions suggested the businesses will operate until 6pm, while bakeries and milk shops will be allowed to operate until midnight. Pharmacies in shopping malls and superstores will close by 6:00 pm. Indoor or outdoor dining will not be allowed at restaurants. However, delivery and takeaway will be permitted. Public transport — intercity, intra-city and inter-provincial — will be allowed subject to 50 percent occupancy and compliance with health guidelines. All education institutions including schools, colleges and universities will remain closed for two weeks until the situation improves, or until further review by the task force. Fridays and Sundays will be observed as closed days by b sinesses across the province except Hyderabad where Fridays and Saturdays will be observed as closed days instead. During the meeting, the chief minister further said if the people follow the guidelines for two more weeks, the latest rise in new infections can be arrested. “We can ease Covid-19 restrictions in the city [Karachi] when new cases are restricted.” He said that he will pay surprise visits to check the implementation of guidelines, adding that 50 percent of the total cases in the country are from Sindh.

Ex-interior minister claims he isn’t part of any political game News Desk Chaudhry Nisar Ali Khan, the former interior minister of Pakistan, has said that he is not part of any political game. While taking oath as a lawmaker in the Punjab Assembly, Nisar spoke to the media wherein he said: “As you all know, I had won the election on the provincial assembly seat in the 2018 general elections by a lead of 34,000”. “I had decided to take oath after a political development took place. The government plans to introduce an ordinance that eyes disqualification of members; however, the qualification and disqualification of members are included in the Constitution of Pakistan,” he said. “Imran Khan should tone down [his aggressiveness] towards the Opposition. The government should take into account all political viewpoints as this country needs increased understanding. This nation needs to unite, not divide,” he said. Nisar also maintained that news about his meeting with Shehbaz Sharif is only based on speculations. It should be noted that

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speaker Chaudhry Pervaiz Elahi is currently the acting governor in the absence of Chaudhry Muhammad Sarwar. He is not attending the assembly session. Deputy Speaker Sardar Dost Mohammad Mazari is not attending either due to personal engagements, sources in the Punjab Assembly said. Earlier, alarm bells rang for Punjab Chief Minister Usman Buzdar as a veteran politician, and MPA-elect Chaudhry Nisar Ali Khan on Sunday formally announced to take oath as Member of Punjab Assembly in today’s session. The announcement comes

PM visits ISI headquarters, briefed on security situation

after a series of back-to-back quiet meetings between Nisar and some key players in Rawalpindi and Lahore. Though Nisar had won election from PP10, Rawalpindi in general elections held three years back in 2018, but he chose not to take oath and the seat remained vacant for three long years. Nisar contested the 2018 general elections from two National Assembly and two provincial seats, losing all but the PP-10 (Rawalpindi-V) seat which he won with a good margin of over 30,000 votes.

CanSino vaccines to be available to public by end of the month

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