A Message from Advisor to Prime Minister of Pakistan on Finance, Economic Affairs & Revenue
Benazir Income Support Programme (BISP) is a major government initiative which targets marginalized and vulnerable groups of the national populace, especially the women. The Government, since assuming responsibilities has duly focused on social sector development, public welfare and BISP is the institution which has lent valuable support in this realm.
The Government has increased budget allocation of BISP from Rs. 75 billion in 2013-14 to Rs 121 million in 2017-18 and the quarterly stipend for beneficiaries has also increased from Rs. 3,000/- per quarter to Rs. 4,834 per quarter in 2016-17. More than 5.5 million beneficiaries are being paid through technology based mechanisms backed by branchless banking.
BISP has earned international recognition for its success in poverty alleviation, food security, primary school enrollment and women empowerment. It addresses the SDGs, namely reducing poverty, gender disparity, universal primary education deficiency and women empowerment. Inclusive growth is another important aspect of BISP cash transfer programme.
Here I would also like to appreciate the contribution of development partners through their financial and technical support and look forward for the success of political leadership and officials to execute this programme in an effective manner.