Pakistan secures $330 Million loan from ADB to boost social protection programs
The Government of Pakistan has signed a $330 million loan agreement with the Asian Development Bank (ADB) to bolster its Integrated Social Protection Development Program (ISPDP) under the Benazir Income Support Programme (BISP). This additional financing aims to strengthen Pakistan’s social protection systems and expand access to critical services for vulnerable populations, particularly women, adolescent girls, and children from low-income families.
The agreement was formalized by Dr. Kazim Niaz, Secretary of Economic Affairs, and Emma Fan, ADB Country Director. Dr. Niaz emphasized the importance of the concessional loan in enhancing institutional capacity and improving access to education and healthcare for marginalized communities. He also extended gratitude to ADB for its continued support in advancing Pakistan’s social welfare agenda.
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ADB Country Director Emma Fan reaffirmed the Bank’s commitment to supporting Pakistan’s objectives for inclusive growth, poverty reduction, skills development, and improved healthcare access. She highlighted that this additional funding aligns with the program’s goals to strengthen social safety nets and foster sustainable development.
