BISP to release 4th quarterly tranche of Rs 9k

By Asad Cheema

ISLAMABAD: Benazir Income Support Program (BISP) will release the 4th quarterly tranche of Benazir Kafaalat cash assistance from June 19 (Monday).
The fourth quarterly tranche will be Rs 9000/- after a 25 percent increase, which was announced by the federal government early this year.
In addition to Benazir Kafaalat cash assistance, Benazir Taleemi Wazaif stipend’s installment of January to March is also being disbursed to 6.7 million school-going students having at least 70% attendance in school who are registered under Benazir Taleemi Wazaif.
This time, the disbursement will be made through 1559, especially arranged Camp sites established throughout the country. The arrangement of disbursement of Stipends through Campsites is to facilitate the beneficiaries and ensure transparency. Provision of payment through ATMs of HBL and Bank Alfalah would not be available, nor will any payment be made at the POS outside the campsite established by the BISP.
About Rs. 81 billion will be disbursed among 9 million beneficiaries’ families of Benazir Kafaalat cash assistance, while another Rs 16 billion will be doled out to the 6.7 million beneficiaries of Taleemi Wazaif.