ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar said here Thursday that he had detailed discussion with the Prime Minister regarding increase in the stipend for BISP beneficiaries. The Prime Minister approve increased in the annual stipend to BISP beneficiaries from Rs. 18,800/- to 19,338/- per annum.
The increase is in accordance with the increase in CPI during the last year; the Minister said and added the decision would contribute to mitigating the effect of inflation on the BISP beneficiaries.
The stipend at the enhanced rate of Rs. 4834/- per beneficiary per quarter would be payable with effect from July 1, 2016. The arrears would be paid along with the next installment, the Finance Minister added.
The Finance Division has already issued instructions to BISP to ensure disbursement of quarterly stipend at the enhanced rate.
