Multitudinous studies of literature highlight prompt effects of cash transfer on varied economic indicators yet its social impact suffers dearth of literature. This study investigates the impact of Benazir Income Support Program (BISP) on social capital especially female households. The eligibility criteria in this program is determined by a poverty score or cutoff that allows approximation of causal effect by utilizing regression discontinuity design (RDD). The findings demonstrate positive effect of BISP cash transfer on bonding and bridging social capital but also indicates to negative effects by inducing feelings of envy, jealousy and disrespect for recipients. When we expand estimates to gender analysis, strong evidence show that social capital of female household has affected more compared to male household. Findings show that the indicator trust is either insignificant or is positive. Results also show that norm of reciprocity or helpfulness are also significant revealing that augmented economic status due to BISP, allows beneficiary households to collaborate and participate in societal activities. Indicator of civic engagement is also significant and beneficiary households are now more inclined to engage in voluntary work. They are now motivated to do community work, stay involved in community services as an empowered citizen. Supervisor:- Dr. Nasir Iqbal Co-Supervisor:- Dr. Saima Nawaz