Good News: IMF Approves Increase In Benazir Kafaalat Stipend from 10,500 to 13,500

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IMF Approves Increase In Benazir Kafaalat

IMF Approves Increase In Benazir Kafaalat Stipend: The wait is over The International Monetary Fund (IMF) has recently approved an increase in financial assistance under the Panzeer Kafaalat program, an initiative to lift existing poor and desering families out of poverty and into Pakistan. Benazir Kafalat Program is a social security net under the Benazir Income Support Program through which financial assistance is provided to millions of women belonging to poor families. According to the present time, about 9.5 million families are benefiting from the sponsorship program to whom Pakistan is providing cash financial assistance monthly.

In this article, you will get complete information regarding the increase in financial assistance. All information about the present Benazir income support program registration process and eligibility is given in this article. If you want to apply to this scheme, read the complete article to apply easily.

Details of IMF Approves Increase In Benazir Kafaalat Stipend

Going forward, let us tell you about the details of the increase in the stipend. If we talk about the increase approved by the IMF, then let us tell you that the monthly financial assistance given to the beneficiaries under the Benazir Kafaalat program is 13,500 has been increased after the first financial assistance of 10,500 was provided to the beneficiaries every semester now they will get 13,500 rupees later if we confirm when the increase will be effective then you. This increase will be effective from January 2024, which will provide more financial relief to deserving families and improve their standard of living. IMF Approves Increase In Benazir Kafaalat Stipend

IMF Approves Increase In Benazir Kafaalat Stipend, The IMF has taken this decision to protect the poor and rich families in Pakistan from the effects of inflation and economic crisis. It is hoped that after this increase, the rich families will feel its impact soon and they will be able to get out of poverty quickly.

آگے چل کر، آئیے آپ کو وظیفہ میں اضافے کی تفصیلات بتاتے ہیں۔ اگر آئی ایم ایف کی جانب سے منظور کیے گئے اضافے کی بات کی جائے تو آپ کو بتاتے چلیں کہ بے نظیر کفالت پروگرام کے تحت مستحقین کو دی جانے والی ماہانہ مالی امداد میں 13500 کا اضافہ کیا گیا ہے جس کے بعد اب ہر سمسٹر میں مستحقین کو 10500 کی مالی امداد فراہم کی جاتی تھی۔ انہیں 13500 روپے بعد میں ملیں گے اگر ہم تصدیق کریں گے کہ اضافہ کب سے لاگو ہوگا تو آپ۔ یہ اضافہ جنوری 2024 سے لاگو ہوگا، جس سے مستحق خاندانوں کو مزید مالی ریلیف ملے گا اور ان کا معیار زندگی بہتر ہوگا۔

آئی ایم ایف نے یہ فیصلہ پاکستان میں غریب اور امیر خاندانوں کو مہنگائی اور معاشی بحران کے اثرات سے بچانے کے لیے کیا ہے۔ امید ہے کہ اس اضافے کے بعد امیر گھرانے اس کا اثر جلد محسوس کریں گے اور وہ جلد غربت سے باہر نکل سکیں گے۔

Role of IMF and World Bank

IMF Approves Increase In Benazir Kafaalat Stipend, If we talk about the role of the IMF and the World Bank, let us tell you that at the moment the IMF Benazir Income Support Program and its management system are being worked together with the World Bank. which is a very welcome initiative if we also look at the BISP budget, the budget for the current financial year is 599 billion rupees, which is 0.5% of Pakistan’s total GDP and it is 27% compared to last year. represents an increase. IMF Approves Increase In Benazir Kafaalat Stipend

New Registration and New Initiative and Reforms

Benazir Income Support Program has provided benefits and terms along with new registration. Let’s move the article forward and talk about the new measures and reforms with the new registration. Financial assistance has been increased and registration has also been initiated to be a part of this program to provide financial assistance to more poor and needy families.

For families who are forced to live below the poverty line, as well as A new electronic payment model, is being introduced by the Benazir Income Support Program. This will enable timely payment of assistance to the beneficiaries and improve transparency management as soon as the electronic payment model is introduced by the BISP. The pilot fee will be waived and this new model will be rolled out slowly in other cities as well it is expected that this new electronic payment model will be fully operational from January 2025. IMF Approves Increase In Benazir Kafaalat Stipend

Conclusion

The IMF’s approval of the increase in financial assistance for Benazir Kafalat program beneficiaries is a big relief, with the members of the deserving family now eligible to receive 13,500 monthly financial assistance instead of 10,500. The main objective of this increase is to stabilize the poor and needy so that they can lift themselves out of the poverty level as soon as possible. IMF Approves Increase In Benazir Kafaalat Stipend This is very good news for a poor and deserving family who have not completed their registration process yet can complete their registration process anytime in the next three years.