Increase in Benazir Income Support Program Budget
Bisp 12500 Payment Increase
The budget for the Benazir Income Support Program (BISP) has been agreed to be increased significantly for the upcoming fiscal year. The budget is expected to rise from 447.2 billion to 530 billion rupees. Alongside this increase, there is also a proposal to raise the number of beneficiaries and the amount of stipends distributed. Greetings to all viewers—important announcements regarding the new financial assistance of 50,000 rupees have been made. Married individuals, in particular, will benefit as they will receive 1.5 million rupees. Details on the distribution of the financial assistance and how to obtain it for those who have not yet received it or for whom the process has already started will be shared. Additionally, there is great news for those with zero balance accounts; funds will now be allocated to them as well. Educational grants for children are currently under review, and updates will be provided in this video. Before we proceed, please like this video and subscribe to our channel for the latest, authentic news on financial assistance.
Payment Collection and Process Updates
The most urgent news at this moment is the increase in the payment installments from 50,000 rupees. We will inform you about the exact dates when these payments will start. Many are still unaware of where to collect their payments, often visiting shops where payments were previously distributed. However, payments are now being made through BISP campsites and centers. Remember to bring your identification card to these sites to collect your payments. These campsites will remain open until August, after which the payments will be shifted back to shops. Therefore, for now, you can only collect payments from these designated sites. The second phase of payments is also beginning, targeting those with zero balances who had concerns about being disqualified. Rest assured, no one has been disqualified. The 8171 portal will be updated again to reflect the current payment status, including previous payments made during Ramadan. As the second phase starts, the portal will show updated balances and the zero balance issue will be resolved. Payments will begin to be processed and disbursed from June 1st.
New Survey and Beneficiary Eligibility
For those whose eligibility is under review or who have completed new surveys, it is crucial to check the portal beforehand. Some women have been disqualified due to increased scores, but the majority have been deemed eligible. Those who were previously beneficiaries or have completed new surveys will start receiving payments soon. Investigations indicate that around 20-25% of the reviewed individuals have been approved and will start receiving their payments, while the remaining 75-80% will receive theirs in June. As the government increases the payment amounts, the installments will now total 12,500 rupees. There has been some confusion regarding the 1.5 million rupee assistance; this needs further clarification. Stay tuned to this channel for accurate updates on financial assistance and program changes.
Ehsas Program Phase 2 Payment Start
Government Financial Decisions and IMF Agreement
The government has entered into an agreement with the IMF, ensuring that funds will be received from them. Recently acquired funds by the government will be allocated to the budget, which is set to be presented in June. With this budget, there will be an increase in the rates of various commodities, and additional taxes might also be imposed. In response to the rising inflation, the government has made significant decisions to support regular beneficiaries who are eligible for these funds. The installment amounting to 10500 has already been disbursed. The government has taken a major step by deciding to support eligible beneficiaries with the received installment. This decision was taken after a cabinet meeting, which included the presence of Rubina Khalid, the chairperson of the Benazir Income Support Program. She has also convened her own meeting. The final decision will be made by the committee chaired by the Prime Minister, and there will be an increase in the budget allocation. This will ensure that 5000000 will be received and used effectively to support the intended recipients.
BISP CNIC Holder Zero Payment Error Update
Impact on Retailers and Banking System
The received installment will be made available to retailers, but there might be changes in the banking system in the coming days. There is a possibility that the 5000000 will be transferred through the banks, depending on the adjustments made to the current system. Thi