IMF Approves Increase In Benazir Kafalat Program Stipend By 28.6%
Here is good news for all the registered Beneficiares of the 8171 Benazir Kafalat Program the IMF has approved the increase in Benazir’s latest quarterly Payments of Rs 10,500 which will be now given as 13,500 to each Beneficiares. This shows an increment of 28.6% in the Kafalat Payments for BISP new installments.
Therefore if any deserving woman wants to get the Registration done at the Tehsil offices then they are still conducting the BISP NSER Survey. Eligible Women can visit the Tehsil office and register their financial details for receiving the new monthly Stipened by Benazir Kafalat program.
IMF Okays The Increase Of Rs 13,500 As The Kafalat’s New Stipened
A significant increase in the Benazir Kafalat Program stipend amount has been granted by the International Monetary Fund (IMF).
The IMF reports that starting in January, the Benazir Kafalat Program participants who currently earn Rs. 10,500 would receive a quarterly stipend that will increase by Rs. 3,000, bringing the total quarterly stipend to Rs. 13,500. This is a huge milestone in the years of BISP for facilitating all the eligible households and also providing skill training to their family members so that they can make their income.
بینظیر کفالت پروگرام کے وظیفہ کی رقم میں نمایاں اضافہ بین الاقوامی مالیاتی فنڈ کی جانب سے دیا گیا ہے۔ آئی ایم ایف کی رپورٹ کے مطابق جنوری سے شروع ہونے والے بے نظیر کفالت پروگرام کے شرکاء جو فی الحال دس ہزار پانچ سو کماتے ہیں انہیں سہ ماہی وظیفہ ملے گا جس میں روپے کا اضافہ ہو گا۔ تین ہزار، کل سہ ماہی وظیفہ روپے تک لایا۔ تیرہ ہزار پانچ سو یہ تمام اہل گھرانوں کو سہولت فراہم کرنے اور ان کے خاندان کے افراد کو ہنر کی تربیت فراہم کرنے کے لیے بینظیر کے سالوں میں ایک بہت بڑا سنگ میل ہے تاکہ وہ اپنی کمائی کر سکیں۔
IMF& World Bank Collaboration For Enhancing BISP
Together with the World Bank, the IMF is attempting to improve the BISP and its administrative framework. For the current fiscal year, the BISP has a budget of Rs. 599 billion, approximately 0.5% of Pakistan’s GDP. Compared to last year, this is a 27% rise.
The main focus of the BISP program is to ensure transparency in their disbursement system and to monitor if all the people are receiving their Payments with complete respect. According to Rubina Khalid, it is their right which is being distributed through the BISP team management and they are not doing any kind of favor to them.
IMF Unveil New Loan Conditions For Pakistan
The International Monetary Fund disclosed the terms in a comprehensive report on a new credit arrangement with Pakistan. According to the loan agreement, the IMF’s assessment calls on the Pakistani government to endeavor to stabilize the macroeconomic environment.
The government of Pakistan has been urged to provide economic reforms and favorable circumstances for the private sector to stimulate the economy.
After the IMF Executive Board approved a 37-month Extended Fund Facility worth US$7 billion, Pakistan received the first tranche of the International Monetary Fund (IMF) on September 27. According to SBP, the first tranche from the IMF was SDR 760 million, or USD 1026.9 million, which was received by SBP on Friday.
Source: IMF Approves Kafalat Payment
Conclusion
In conclusion, the IMF’s approval of a 28.6% increase in the Benazir Kafalat Program stipend is a major relief for beneficiaries, raising the quarterly payments from Rs 10,500 to Rs 13,500. This increase aims to further support eligible women, improving their financial stability. Those who are not yet registered can still visit their Tehsil offices to complete the BISP NSER Survey and qualify for this enhanced stipend.
