Increase In BISP 10500 Payment
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IMF Demands to Increase In BISP 10500 Payment

Increase In BISP 10500 Payment: As Pakistan and the International Monetary Fund (IMF) continue their negotiations for a new bailout package, significant focus has been placed on poverty alleviation and expansion of social protection programs. One major program under discussion is the Benazir Income Support Program (BISP). The IMF has emphasized the need for increased budget allocations and increased transparency to ensure these programs effectively support vulnerable populations.

Also read: Breaking News: BISP Account Balance 10500 PKR Check Online 2024:

Increase In BISP 10500 Payment

Category Current Numbers Future Targets
Total Families Benefiting 9.3 million +300,000 families this year
Health Cash Transfer Program 900,000 families
Education Cash Transfer Program 1.9 million children
Dynamic Registry Inclusion 20 million households by 2024
  • Expansion of Coverage: The IMF demands an expansion in the coverage of poverty alleviation programs like BISP.
  • Budget Allocation: An increase in budget allocation for cash transfer programs.
  • Transparency and Accountability: Ensuring transparent and accountable implementation of these programs.

10500 Benazir Kafaalat

Funding and Allocation
  • Allocated Budget: Rs472 billion for the current year.
  • Provincial Contributions: Efforts are being made to persuade provinces to share the burden of social security initiatives.

You can read: Breaking News: 8171 Ehsaas Program 25000 BISP Latest Update 2024

Beneficiary Statistics
  • Current Beneficiaries: 9.3 million families.
  • Additional Beneficiaries: 300,000 families to be added this year.
  • Health Cash Transfer Program: 900,000 families registered.
  • Education Cash Transfer Program: 1.9 million children enrolled.

Future Goals

  • Dynamic Registry: Inclusion of 20 million households by September 2024.
  • Increased Funding: Plans to allocate more funds for social security programs in the next financial year.

The IMF has recognized the improvements in Pakistan’s social security programs in recent years. However, he emphasized the need to further enhance the administrative capacity of BISP to ensure effective implementation and safeguard the integrity of these social program.

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Increase In BISP 10500 Payment

Conclusion:

As Pakistan navigates its economic challenges, the expansion of social protection programs like BISP is crucial to support its most vulnerable populations. The IMF’s demand for increased allocations and enhanced transparency aims to ensure that these programs can effectively alleviate poverty and promote inclusive growth. With continued efforts and international support, Pakistan can strengthen its social security infrastructure and take significant steps towards reducing poverty and improving the quality of life for its citizens.

Why is the IMF demanding an increase in BISP payments?

The IMF believes that expanding and increasing the coverage of BISP will help alleviate poverty and support vulnerable segments of society, especially amid economic challenges.

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What future expansions are planned for BISP?

Pakistan aims to include 20 million households in a fully functional dynamic registry by September 2024 and plans to increase funding for social security programs in the next financial year.

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