Annual stipend to BISP beneficiaries raised to Rs18800

ISLAMABAD: The government has increased the annual stipend to the beneficiaries of Benazir Income Support Program (BISP) from eighteen thousand to eighteen thousand eight hundred rupees per annum in accordance with the increase in Consumer Price Index during the last year.A decision in this regard was taken by Finance Minister Ishaq Dar after consultation with Prime Minister Nawaz Sharif.The Minister hoped the decision would contribute to mitigating the effect of inflation on the BISP beneficiaries.The stipend at the enhanced rate of four thousand seven hundred rupee per beneficiary per quarter would be payable with effect from first of July last year.