ISLAMABAD: The board meeting of Benazir Income Support Programme (BISP) has approved Rs 115 billion budget for FY 2016-2017 as recommended by its programme design committee and finance committee.
The board meeting was held at BISP’s headquarters. BISP Chairperson MNA Marvi Memon chaired the 28th board meeting, which was attended by Dr Ali Cheema, Yawar Irfan Khan, Professor Dr Abdul Bari Khan, representatives of finance division, cabinet division, economic affairs division, foreign office and BISP Secretary Yasmeen Masood.
The meeting approved that Rs 110.592 billion, which is 96.17 percent of the total budget have been allocated for unconditional cash transfer (UCT) and conditional cash transfer (CCT) beneficiary initiatives, the cost of NSER amounts to Rs 1.423 billion, which is 1.24 percent of total budget, whereas 2.59 percent of the budget will be used for administration purposes.
The agenda items of the board meeting included de-credit and re-credit policy, BISP budget for financial year 2016-2017 and review of implementation status of decisions taken during 27th board meeting.
After thorough deliberations, the board approved the proposals regarding de-credit and re-Credit policy. It was approved to deposit de-credited amount in government treasury as soon as possible and to continue re-crediting through existing payment mechanism as per SOPs already prepared for the purpose.
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