BISP funds rise to almost 125bn for fiscal year 2018-19

ISLAMABAD: The allocation for Benazir Income Support Progamme (BISP) has raised to Rs. 124.7 billion for the fiscal year 2018-19.

Presenting the Budget speech on Friday, Federal Minister for Finance Miftah Ismial said, the incumbent government has increased beneficiaries of Benazir Income Support Programme (BISP), from 3.73 million in 2012-13 to 5.6 million as on 31st December 2017.

He stated that stipend under the program in 2013 was a mere Rs. 3,000 per quarter for each beneficiary which had raised to Rs. 4834 per quarter till the current fiscal year, adding that facilitating masses at grass root level is the key objective of the government.