The Benazir Income Support Programme (BISP) has announced an increase in the quarterly payments for beneficiaries under the Kafaalat initiative.

Chairman Rubina Khalid confirmed that the payment will rise by Rs 3,000, bringing the total to Rs 13,500 per quarter, up from the previous amount of Rs 10,500.

Launched in 2008, the BISP Kafaalat programme is Pakistan’s largest cash transfer initiative, designed to provide financial assistance to vulnerable households.

The program aims to protect disadvantaged families from the impacts of inflation and rising food prices while addressing long-term goals of reducing extreme poverty and empowering women in line with the United Nations’ Sustainable Development Goals (SDGs).

Currently, the BISP Kafaalat programme supports over 9.3 million families, with plans to extend assistance to 10 million families by next year. Starting in January 2025, all registered families will receive the increased payment amount.

Additionally, to improve accessibility, the government has expanded the list of banks where beneficiaries can withdraw their assistance.

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In addition to Habib Bank Limited (HBL), eligible families can now also access funds from Bank Al Falah, Bank of Punjab, Mobilink Microfinance (JazzCash), Telenor Microfinance Bank, and HBL Microfinance, making it easier for them to receive their payments.