Federal Govt determined to grant 35% Ehsaas Rashan subsidy to Sindh, Balochistan
By MG News | November 11, 2021 at 03:08 PM GMT+05:00
November 11, 2021: The federal government is fully committed to providing its 35 percent share of subsidy in Sindh and Balochistan.
The federal share of subsidy worth Rs. 350 will be granted for each eligible family in Sindh and Balochistan, if both the provincial governments do not participate in the Ehsaas Rashan Riayat.
“Provincial Governments of Punjab, Khyber Pakhtunkhwa, Gilgit Baltistan and Azad Jammu and Kashmir are already participating in the programme. We are reaching out to provincial governments of Sindh and Balochistan to engage them in the Ehsaas Rashan programme”, said Senator Dr. Sania Nishtar, SAPM in a press statement.
In the current fiscal year, the budget of the programme for the next six months is Rs. 120 billion under the federal-provincial cost sharing arrangement.
The federal government and all participating federating units will share fiscal resources in the proportion of 35/65.
For online registration of low-income families and Kiryana owners, Ehsaas Rashan portal has been opened on Nov 9.
The Ehsaas Rashan portal can be accessed online at: https://ehsaasrashan.pass.gov.pk/. Families with monthly income less than Rs. 50,000 will be eligible for the Rashan registration.
Ehsaas and the National Bank of Pakistan (NBP) have built a mobile Point of Sale (mPOS) system/App that will deliver the targeted subsidy to beneficiaries through a network of Kiryana stores designated by NBP countrywide.
Under Ehsaas Rashan Riayat, a targeted subsidy of Rs. 1,000 a month will be granted to each of the 20 million eligible families on the purchase of flour, pulses, and cooking oil or ghee.
Accordingly, a 30% subsidy will be given on these three items, per unit purchase. In total, 20 million deserving families will be identified through the Ehsaas survey.
Overall, 130 million people will benefit nationwide that equates to 53% of the population.
APP
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 122,542.78 8.20M |
0.26% 317.42 |
ALLSHR | 76,585.61 181.04M |
0.33% 250.91 |
KSE30 | 37,107.16 3.99M |
0.41% 151.07 |
KMI30 | 180,986.98 3.56M |
0.29% 520.47 |
KMIALLSHR | 52,486.44 48.27M |
0.34% 177.94 |
BKTi | 30,364.50 1.65M |
0.55% 165.90 |
OGTi | 27,534.39 0.37M |
0.24% 65.41 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 107,845.00 | 109,305.00 106,440.00 |
-1075.00 -0.99% |
BRENT CRUDE | 73.59 | 74.85 73.09 |
0.36 0.49% |
RICHARDS BAY COAL MONTHLY | 88.00 | 0.00 0.00 |
-3.25 -3.56% |
ROTTERDAM COAL MONTHLY | 103.10 | 103.10 103.10 |
-0.25 -0.24% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 70.68 | 72.12 69.56 |
-1.09 -1.52% |
SUGAR #11 WORLD | 17.02 | 17.03 16.38 |
0.45 2.72% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|