The Government of Pakistan to Increase BISP Payments 2024 You will now get new and extra bisp payment from government of Pakistan. Pakistan is working on a new bailout deal with International Monetary Fund which focuses on enhancing social safety programs like Benazir Income Support Program. The IMF wants Pakistan to increase funds for these programs and ensure they are run transparently and effectively. The Government of Pakistan to Increase BISP Payments 2024
Key Points from IMF
The IMF has several demands for Pakistan. they want Pakistan to increase BISP budget to help more people. they aim to expand coverage of poverty alleviation programs. they emphasize need for transparency and accountability to make sure money reaches those who need it most.
Current BISP Scope BISP supports 9.3 million households with financial aid. It also includes health and education assistance for millions helping them meet basic needs and improve their living standards.
BISP Kafalat Program in 2024
The BISP Kafalat program provides financial support to poorest families. This year budget for program is Rs 472 billion. Provincial governments are also being encouraged to contribute. At present 9.3 million households get benefits and an 300000 households are expected to join this year. 900000 households receive health-related financial support and 1.9 million children get education assistance
بی آئی ایس پی کفالت پروگرام غریب ترین خاندانوں کو مالی مدد فراہم کرتا ہے۔ اس سال پروگرام کا بجٹ 472 ارب روپے ہے۔ صوبائی حکومتوں کو بھی اپنا حصہ ڈالنے کی ترغیب دی جا رہی ہے۔ اس وقت 9.3 ملین گھرانے فوائد حاصل کر رہے ہیں اور اس سال مزید 300000 گھرانوں کے شامل ہونے کی امید ہے۔ 900000 گھرانوں کو صحت سے متعلق مالی امداد ملتی ہے اور 1.9 ملین بچوں کو تعلیمی امداد ملتی ہے۔
Increased BISP Payments
The IMF believes that increasing and enhancing BISP can significantly reduce poverty support vulnerable populations address economic challenges like high inflation and unemployment and provide substantial economic support to poorest families. By doing IMF aims to help Pakistan manage its economic difficulties and improve living conditions of its citizens.
Planned Expansions for BISP
The government has several plans to expand the BISP. By September 2024 they plan to include 20 million households in a dynamic registry to ensure efficient benefit distribution. they aim to increase budget for BISP and other social safety programs in next financial year. This increase in funds will accommodate more beneficiaries and provide better support to those in need.
Conclusion
The IMF call for increased BISP payments and transparency is important for Pakistan social security. Expanding coverage and effectively using funds can reduce poverty and support vulnerable populations. With sustained efforts and global support, Pakistan can strengthen its social security nets and build a more equitable and prosperous society.