Govt makes three-fold raise in BISP budgetary allocations: Dar

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ISLAMABAD, June 3 (APP): Minister for Finance, Revenue,
Economic Affairs, Statistics and Privatization Senator Ishaq Dar
Friday said three-fold increase in budgetary allocations had been
made in Benazir Income Support Programme (BISP) since 2012-13.
In the budget speech in National Assembly, he said that
the government had progressively increased the size of the
programme to Rs 102 billion during the current year from
Rs 40 billion in FY2012-13.
Dar said that by end June 2013, the cash transfer
programme was covering 3.7 million families, which will be
increased in 2017-18.
He said the federal government will provide relief to poor,
unemployed and weak segments of the society under Benazir Income
Support Programme (BISP).
He said that one major outcome of economic policies had
been the reduction in poverty and unemployment, both in the
rural and urban areas.
The recently published poverty report compiled with the
support of World Bank, based on the Pakistan Social and Living
Standard Measurement (PLSM), based on cost of basic needs,
indicates that poverty has been reduced from around 64.2% in
2001-02 to 29.5% in 2014.
Based on food energy intake the poverty during this period
has reduced from 34.6% to 9.31%. Similarly, unemployment has also
been reduced from 6.2% in 2012-13 to 5.9% in 2014-15.