IMF proposes Rs5,500 increase in BISP payments

 

The International Monetary Fund has reportedly proposed a major increase in payments under Pakistan’s Benazir Income Support Programme, suggesting that the quarterly stipend be raised by Rs5,500 in the upcoming fiscal year.

According to reports, the IMF has recommended increasing the current BISP payment from Rs14,500 to Rs20,000 to provide greater financial relief to low-income families struggling with rising inflation and economic pressure across the country.

Sources said ongoing discussions are taking place between the IMF mission and BISP authorities, during which officials are briefing the delegation on every aspect of the programme’s operations, performance, and future financial requirements.

The negotiations are also focusing on Pakistan’s broader social protection system. During the meetings, BISP officials reportedly shared details regarding beneficiary data registered under the Kafalat programme, including household registrations, quarterly disbursement mechanisms, verification systems, and projected funding needs for the next financial year.

Reports further suggest that quarterly financial assistance provided through the Kafalat programme is likely to witness another increase in the new budget if negotiations move forward successfully.

Meanwhile, the IMF delegation has scheduled multiple high-level meetings in Pakistan, including discussions with Benazir Income Support Programme officials and separate meetings with the Federal Board of Revenue regarding taxation and revenue reforms.

In another significant development, reports indicate that the IMF has also urged Pakistan to withdraw all remaining sales tax exemptions as part of broader economic reform measures aimed at increasing revenue collection and stabilizing the economy.

The proposed increase in BISP payments has sparked widespread public attention, with many citizens hoping the move could provide relief amid soaring prices of essential goods, electricity tariffs, and overall cost of living.

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