Federal budget 2018-19 at glance: BISP funds rise to almost 125 billion

BISPFederal budget 2018-19 at glance: BISP funds rise to almost 125 billion

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

Presenting the Budget speech at the National Assembly in Islamabad on Friday, Federal Minister for Finance Miftah Ismail said that 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.

Miftah Ismail said 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 federal government.

Rs 25 billion earmarked for Karachi infrastructural update

Miftah Ismail also announced a package of Rs 25 billion for Karachi to provide infrastructural and other social sectors facilities.

The minister said three projects covering roads and flyovers and up-gradation of firefighting system had been approved and Rs 3 billion had been earmarked during current financial year.

An allocation of Rs 5 billion has been proposed in the PSDP-2018-19.

In addition, on my personal request, the Minister for Planning, Ahsan Iqbal had provided funds for expansion of Karachi Expo Centre.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

KP government banned state employees to attend PTM rally, placed names of leaders in...

0
Monitoring Desk: The Khyber Pakhtunkhwa government has government banned government employees from attending PTM rallies. A notification has been released in this regard. Notification...
The nexus of TTP and PTM exposed

The nexus of TTP and PTM exposed

0
Monitoring Desk: There is a debate going on among journalists in Islamabad claiming that TTP (officially known as Fatinta Al-Khawarij) has announced a 5-day...
Pakistan’s media campaign on Palestine Solidarity Day has no mention of ‘Israel’

Pakistan’s media campaign on Palestine Solidarity Day has no mention of ‘Israel’

0
Islamabad, Pakistan: Pakistan’s media campaign on Palestine Solidarity Day has no mention of ‘Israel’. An expensive campaign releasing colored half-page advertisements to newspapers has...
The author Dr. Attia Anwar is a consultant family physician with a postgraduate degree from the Royal College of GP UK. She is a strong advocate of health and well-being and wants patient participation in decision-making regarding health.

Heart health, integrated approach

0
By Dr. Attia AnwerCardiovascular or heart disease is the leading cause of death in developed and developing world. Heart disease occurs due to...
All Parties Conference on Palestine was attended by all parties except PTI

All Parties Conference on Palestine was attended by all parties except PTI

0
Islamabad, Pakistan: All Parties Conference (APC) on Palestine was attended by all political parties of Pakistan except PTI. The conference was jointly hosted by...
Advertisement