PM okays setting up of BISP endowment fund
ISLAMABAD – Prime Minister Shahid Khaqan Abbasi approved a proposal for setting up of endowment fund for Benazir Income Support Programme which would ensure fiscal continuity in lean budgetary periods.
The proposed endowment fund would act as catalyst in generating income for supporting various development schemes on fund structure it was stated in the proposal seeking establishment of the fund.
Prime Minister Shahid Khaqan Abbasi on Friday chaired a meeting on Benazir Income Support Programme at Prime Minister’s Office and reviewed the working of the programme in bringing up change in the lives of poor people. The meeting was attended by Chairperson BISP Ms. Marvi Memon, Secretary to Prime Minister Fawad Hasan Fawad, Secretary BISP Omar Hamid Khan and senior officers of BISP.
The Prime Minister was briefed about various initiatives being undertaken under the umbrella of BISP including the unconditional cash transfer programme and the Waseela-i-Taleem programme that has so far benefitted 5.6 million families and 1.8 million children respectively.
The Prime Minister was informed that the international community, donors and developmental partners including ADB, WB and DFID have reposed confidence on the transparency and effectiveness of the programme in reaching out to the poorest of the poor and helping them break shackles of poverty.
The meeting was informed that after successful completion of Pilot Phase in four districts and door-to-door survey in 10 districts, National Socio-economic Registry (NSER) survey would be rolled out in the remaining districts of the country in February 2018 and would be completed by May 2018.
The Prime Minister directed BISP to chalk out a comprehensive graduation strategy enabling and equipping the cash grantees to earn their own livelihoods.