IMF Greenlights 28.6% Rise in Benazir Kafalat Program Stipend

Exciting developments are underway for beneficiaries of the Benazir Kafalat Program as the International Monetary Fund (IMF) has given the green light for a substantial increase in the quarterly payments. What was previously Rs 10,500 will now see a remarkable boost to Rs 13,500, marking a significant 28.6% escalation in support for individuals under the BISP umbrella.

If you are an eligible woman seeking to enroll in the program, be sure to complete the BISP NSER Survey at the Tehsil offices. This process ensures that deserving candidates are accurately registered to receive the revised monthly stipend through the Benazir Kafalat Program.

IMF Approval for Enhanced Rs 13,500 Stipend under the Benazir Kafalat Program

The latest update from the IMF signals a notable increase in the stipend amount provided through the Benazir Kafalat Program. Starting this January, participants currently receiving Rs. 10,500 can anticipate a quarterly stipend raise of Rs. 3,000, elevating the total stipend to Rs. 13,500 per quarter. This shift represents a significant stride in the ongoing efforts of BISP to empower eligible households and provide skill development opportunities for their members to boost their earnings.

بینظیر کفالت پروگرام کے وظیفہ کی رقم میں اضافہ

صارفین کے لیے خوشخبری، بینظیر کفالت پروگرام کے وظیفہ میں نمایاں اضافہ آیا ہے جو کہ بین الاقوامی مالیاتی فنڈ (آئی ایم ایف) کی جانب سے منظوری حاصل کر چکی ہے۔ اب جنوری سے شروع ہونے والے بینظیر کفالت پروگرام کے شرکاء جو فی الحال دس ہزار پانچ سو روپے کماتے ہیں، ان کے لیے کوارٹرلی وظیفہ تین ہزار روپے بڑھ کر تیرہ ہزار پانچ سو روپے ہو گا۔ یہ ایک اہم قدم ہے بینظیر کی معاونت میں جاری کردہ سالوں کے دوران جوہری فعالیتوں کی راہ پر قدم رکھنے کے لیے۔

IMF and World Bank Collaborate to Elevate BISP Standards

Collaborating with the World Bank, the IMF is dedicated to enhancing the efficiency and structure of the BISP. With a budget of approximately Rs. 599 billion for the current fiscal year, constituting nearly 0.5% of Pakistan’s GDP, the BISP has observed a comforting 27% increase compared to the preceding year.

The primary objective of the BISP program is to guarantee transparency in fund distribution and ensure that all individuals receive their entitlements with full dignity. Rubina Khalid emphasizes that these benefits are every individual’s right and not a gesture of goodwill by the BISP administration.

IMF Imposes New Loan Conditions for Pakistan

The IMF has outlined new loan terms in an extensive report aimed at establishing a fresh credit arrangement with Pakistan. The agreement necessitates the Pakistani government to focus on stabilizing the macroeconomic landscape and introducing economic reforms conducive to private sector growth to stimulate the overall economy.

Following the approval of a 37-month Extended Fund Facility worth US$7 billion by the IMF Executive Board, Pakistan received the first tranche of USD 1026.9 million in September as part of the International Monetary Fund’s financial aid.

Conclusion

The recent approval from the IMF for a 28.6% increase in the Benazir Kafalat Program stipend heralds a positive turn of events for recipients, elevating the quarterly stipend from Rs 10,500 to Rs 13,500. This upliftment seeks to provide further assistance to eligible women, enhancing their financial well-being. Those yet to register can complete the BISP NSER Survey at Tehsil offices to qualify for this enhanced stipend, ensuring inclusive support for all deserving individuals.