Abbasi approves BISP endowment fund

Staff Report
ISLAMABAD: Prime minister (PM) Shahid Khaqan Abbasi on Friday chaired a meeting of benazir income support programme (BISP) whereat he directed BISP to chalk out a comprehensive graduation strategy enabling and equipping the cash grantees to earn their own livelihoods and approved a proposal for setting up of the endowment fund for the BISP that will ensure fiscal continuity in lean budgetary periods and will act as a catalyst in generating income for supporting various development schemes on fund structure; an official statement said.

PM was briefed about various initiatives being undertaken under the umbrella of BISP including the unconditional cash transfer program and the waseela-i-taleem programme that has so far benefited 5.6 million families and 1.8 million children respectively.

He was informed that the international community, donors and developmental partners including asian development bank (ADB), world bank (WB) and department for international development (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 will be rolled out in the remaining districts of the country in February 2018 and will be completed by May 2018.

The meeting was attended by BISP chairperson Marvi Memon, PM secretary Fawad Hasan Fawad, BISP secretary Omar Hamid Khan and senior BISP officers.