Update 2025: 2 Key IMF’s Nod For BISP Budget Increase
Here is the latest Update for all the BISP Beneficiares the International Monetary Fund (IMF) has agreed to increase the BISP budget for the next fiscal year and they have made contact with the Benazir Income Support Program for not cutting the Budget providing for the Cash Transfer program.
IMF Nod for BISP increased the Budget not only for the aid delivered to the eligible people but they were also satisfied with the work given by the 8171 Benazir Income Support Program.
IMF’s Nod To Increase BISP Monthly Stipend
Following a five-day negotiation between the IMF mission and Pakistani officials, it was agreed that no budget cuts would be undertaken. This means that the IMF has agreed to increase the Budget for the BISP Program which is making things more beneficial for the side of the BISP Program to cover more households.
آئی ایم ایف مشن اور پاکستانی حکام کے درمیان پانچ روزہ مذاکرات کے بعد اس بات پر اتفاق کیا گیا کہ بجٹ میں کوئی کمی نہیں کی جائے گی۔ اس کا مطلب یہ ہے کہ آئی ایم ایف نے بی آئی ایس پی پروگرام کے بجٹ میں اضافے پر رضامندی ظاہر کی ہے جو بی آئی ایس پی پروگرام کی جانب سے مزید گھرانوں کا احاطہ کرنے کے لیے چیزوں کو مزید فائدہ مند بنا رہا ہے۔ آئی ایم ایف کی جانب سے بی آئی ایس پی کے بجٹ کی منظوری لاکھوں مستفیدین اور ان لوگوں کے لیے امید کی ایک نئی کرن ثابت ہوئی ہے جو ابھی تک اس غیر مشروط امدادی پروگرام کا حصہ نہیں ہیں۔
The approval of the IMF for BISP’s Budget has proved to be a new ray of hope for millions of beneficiaries and also the people who are not yet part of this unconditional support Program.
2 Key IMF’s Nod For BISP Budget Increase
IMF has approved the BISP’s new Budget plan based on its transparency and the high appreciation of those initiatives on the international platform. This is the main reason for the IMF’s Nod To BISP Budget Increase.
BISP New Payment Increase To Rs 13500
Additionally, the IMF approved raising the monthly stipend of BISP, a cash transfer program for needy households in Pakistan, from Rs10,000 to Rs13,500.
Number of Beneficiares To Be Increased
There would be a 10 million (one crore) increase in the Benazir Income Support Program (BISP) recipients. With this extension, more families in need will be able to receive financial aid, which will help them deal with financial difficulties and enhance their living conditions.
IMF’s Important Meeting With Different Institutions
According to sources, the IMF delegation met separately on Friday with officials from the Federal Board of Revenue (FBR), provincial government representatives, and Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue.
IMF Decidied To Impose Super Tax On Agricultural Revenue
According to the sources, Pakistani authorities were able to persuade the IMF mission to approve the provincial surplus budget; however, the Fund’s representatives only agreed in part with the government’s stance on agricultural taxes.
They claimed that it had been decided that all other provinces would follow Punjab and impose a Super Tax on agricultural revenue. “The IMF officials also grilled representatives of provincial governments, asking some of the toughest questions,” they stated.
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Revised Figures Of Provincial Budget Surplus
Officials shared revised figures of provincial budget surplus with the IMF which shows a Rs360 billion provincial cash surplus in the first quarter of 2024-25, while the actual target was Rs342 billion, fulfilling one of the major fiscal conditions of the Fund.
Ministry of Finance claimed that the overall provincial surplus was Rs18bn more than the target. The Punjab government’s surplus remained at Rs40bn while from July to September a Rs160bn deficit had been shown in an earlier report.
Conclusion
In conclusion, the IMF’s approval to increase the BISP budget and raise the monthly stipend to Rs 13,500 marks a significant step in supporting more families in need across Pakistan. With an additional 10 million beneficiaries expected to join the program, this decision brings hope to millions who will now receive vital financial assistance.
The IMF’s recognition of BISP’s transparency and effectiveness highlights the importance of this initiative in improving the lives of vulnerable households.
