Last Updated on: 2nd February 2025, 02:45 am
The chairperson of the BISP, Rubina Khalid, has announced an increase in quarterly payments under the Benazir Kafaalat Programme. The payments will now rise by Rs3,000, bringing the total to Rs13,500 per quarter, compared to the previous Rs10,500.
Introduction of Benazir Kafaalat Program
Introduced in 2008, the Benazir Kafaalat Program is Pakistan’s largest cash transfer initiative. It was created to provide financial support to vulnerable households, addressing both immediate challenges and long-term development goals.
The program helps protect low-income families from the impacts of rising inflation, increasing food prices, and slow economic growth. Over time, it aims to reduce extreme poverty and empower women, aligning with Pakistan’s efforts to meet the United Nations Sustainable Development Goals (SDGs).
BISP Kafaalat Quarterly Payment Increased
Currently, more than 9.3 million families are receiving support through the BISP Kafaalat Program, with a target to extend this assistance to 10 million families by next year. Starting January 2025, all registered families will receive Rs13,500 quarterly, a step aimed at easing the financial burden caused by inflation.
Payment Withdrawal Banks
Families eligible for the program can withdraw their payments from Bank Al Falah, Bank of Punjab, Mobilink Microfinance (JazzCash), Telenor Microfinance Bank, Habib Bank Limited, and HBL Microfinance.
Frequently Asked Questions
What is the Benazir Kafaalat Program? The Benazir Kafaalat Program, launched in 2008, is Pakistan’s largest cash transfer initiative aimed at providing financial assistance to vulnerable households, alleviating the impacts of inflation and slow economic growth.
How much will the quarterly payments increase under the Benazir Kafaalat Program? The quarterly payments will increase by Rs3,000, bringing the total to Rs13,500 per quarter, up from the previous Rs10,500.
Who will benefit from the increased payments? Over 9.3 million families currently receive support under the program, with plans to extend assistance to 10 million families by next year.
When will the new payment amount start? The increased quarterly payment of Rs13,500 will start from January 2025.
How does the Benazir Kafaalat Program help low-income families? The program helps protect low-income families from rising inflation, increasing food prices, and slow economic growth while aiming to reduce extreme poverty and empower women.
Which banks can families use to withdraw their payments? Families eligible for the program can withdraw their payments from Bank Al Falah, Bank of Punjab, Mobilink Microfinance (JazzCash), Telenor Microfinance Bank, Habib Bank Limited, and HBL Microfinance.
What are the long-term goals of the Benazir Kafaalat Program? The program aims to reduce extreme poverty, empower women, and contribute to achieving Pakistan’s Sustainable Development Goals (SDGs).
Muhammad Siddique Ali Ansari is a distinguished authority in the field of social welfare and poverty alleviation, specializing in Pakistan’s Ehsaas program and the Benazir Income Support Program (BISP). With a wealth of experience spanning over 5 years, Muhammad Siddique Ali Ansari’s work combines rigorous research with practical implementation, providing invaluable insights into effective poverty reduction strategies. A sought-after speaker and trusted advisor to policymakers, she is dedicated to creating a more equitable society. Follow her on Instagram, LinkedIn and Twitter for the latest updates on her impactful contributions to social welfare.
