Budget 2023-24: Mothers to get Rs2,000 for boy, Rs2,500 for girl as BISP budgetary allocations increased by Rs40b

12:00 AM | 10 Jun, 2023
Budget 2023-24: Mothers to get Rs2,000 for boy, Rs2,500 for girl as BISP budgetary allocations increased by Rs40b
Source: File Photo

ISLAMABAD – The government has increased the budget for the Benazir Income Support Program (BISP) up to Rs400 billion as compared to the last year’s allocation of Rs360 billion, in order to mitigate the sufferings of the poorest segments of the society.

According to the budget speech presented in the National Assembly on Friday, the budget for BISP was expected to be increased up to Rs450 billion by the next fiscal year.

BISP is a flagship programme of the government, implementing various schemes for the welfare of downtrodden segments.

During the last year’s budget, the government increased the budgetary allocation for BISP from Rs250 billion to Rs360 billion.

During the year 2023-24, 9.3 million families will be provided quarterly assistance of Rs8,750 under the Benazir Kafalat scheme for which Rs364 billion has been allocated.

The amount will be increased further considering the inflation rate.

The scope of the Benazir Education Stipends has been increased from six million children (52 percent girls) beneficiaries to 8.3 million children with allocation of Rs55 billion.

As many as 92,000 students will be given Benazir Undergraduate Scholarships through Rs6 billion while the number of Benazir Nashonuma program beneficiaries has been increased up to 1,500,000 through Rs32 billion.

A total of Rs35 billion has been allocated for providing targeted subsidy to the deserving people on rice, sugar, pulses and ghee.

The government has also withdrawn 10 percent regulatory duty on the import of second-hand clothes which are purchased by low income people most of the time.

A new Micro Deposits scheme will be started from July 1, 2023 for low income groups through National Savings Centers with more profit ratio.

The facility for opening digital accounts will also be available for the users.

Cash support on giving birth announced

In a statement regarding Benazir Income Support Programme, Federal Minister Shazia Atta Murri stated that a sum of Rs2,000 will be paid on the birth of a son and Rs 2,500 will be given on the birth of a daughter. 

This programme aims to assist underprivileged families and advance gender equality.

The minister emphasised that the Benazir Income Support Programme is ready to provide around 9 million needy households across the nation with significant financial support. 

The funding for ongoing projects under the programme would see a considerable hike, it was disclosed.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on Sept 30, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on September 30, 2023 (Saturday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 286.05 289.15
Euro EUR 307 310
UK Pound Sterling GBP 353.3 357
U.A.E Dirham AED 80 80.8
Saudi Riyal SAR 76 76.75
Australian Dollar AUD 189 191
Bahrain Dinar BHD 778.84 786.84
Canadian Dollar CAD 220 222.2
China Yuan CNY 40.24 40.64
Danish Krone DKK 41.83 42.23
Hong Kong Dollar HKD 37.93 38.28
Indian Rupee INR 3.57 3.68
Japanese Yen JPY 1.63 1.71
Kuwaiti Dinar KWD 945.27 954.27
Malaysian Ringgit MYR 62.62 63.22
New Zealand Dollar NZD 174.58 176.58
Norwegians Krone NOK 27.87 28.17
Omani Riyal OMR 762.31 770.31
Qatari Riyal ‎QAR 80.69 81.39
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.62 26.92
Swiss Franc CHF 323.01 325.51
Thai Bhat THB 8.12 8.27

Gold Rate in Pakistan Today – September 30, 2023

Today Gold Rate in Pakistan

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 205,600 on Saturday.

The price of 10 grams of 24k gold was recorded at Rs 176,270. Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

Today Gold Price in Pakistan - 30 September 2023

City Gold Silver
Lahore PKR 205,600 PKR 2,450
Karachi PKR 205,600 PKR 2,450
Islamabad PKR 205,600 PKR 2,450
Peshawar PKR 205,600 PKR 2,450
Quetta PKR 205,600 PKR 2,450
Sialkot PKR 205,600 PKR 2,450
Attock PKR 205,600 PKR 2,450
Gujranwala PKR 205,600 PKR 2,450
Jehlum PKR 205,600 PKR 2,450
Multan PKR 205,600 PKR 2,450
Bahawalpur PKR 205,600 PKR 2,450
Gujrat PKR 205,600 PKR 2,450
Nawabshah PKR 205,600 PKR 2,450
Chakwal PKR 205,600 PKR 2,450
Hyderabad PKR 205,600 PKR 2,450
Nowshehra PKR 205,600 PKR 2,450
Sargodha PKR 205,600 PKR 2,450
Faisalabad PKR 205,600 PKR 2,450
Mirpur PKR 205,600 PKR 2,450


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