Advertisement
News

Pakistan Secures $330 Million ADB Loan for Social Protection Expansion

Advertisement

Pakistan has signed a $330 million loan agreement with the Asian Development Bank (ADB) under the Integrated Social Protection Development Program (ISPDP). The funding will support the expansion of the Benazir Income Support Programme (BISP), aiming to strengthen social protection systems across the country.

The agreement was signed by Secretary Economic Affairs Dr. Kazim Niaz and ADB Country Director Emma Fan.

Dr. Niaz highlighted the importance of concessional financing in enhancing access to education and healthcare for vulnerable groups, especially women, adolescent girls, and children from low-income families.

Emma Fan reaffirmed ADB’s commitment to supporting Pakistan in strengthening its social safety nets. She emphasized that the additional funding would promote inclusive growth, poverty alleviation, and improved healthcare access.

Advertisement
News Desk

Recent Posts

Senior Russian General Killed in Car Bomb Near Moscow

A senior Russian military official, Major General Yaroslav Moskalik, was killed on Friday in a…

1 day ago

LUMS Launches CeDAR to Drive Blockchain and Web 3.0 Innovation in Pakistan

The Center for Digital Assets Research (CeDAR) at LUMS was officially launched on April 24,…

1 day ago

IPAK Group Posts Strong Q3 Results

International Packaging Films Limited (IPAK) Group has recorded 66% increase in its revenues for the…

1 day ago

AKU, Local and Global Partners Launch Landmark Malaria Elimination Project in Thatta

The Aga Khan University (AKU) marked World Malaria Day with the launch of the Thatta…

1 day ago

Stanford Scientists Unveil Solar Panels That Work at Night

Researchers at Stanford University have unveiled a breakthrough in solar technology: a new type of…

1 day ago

NDMA Warns of Severe Weather Across Pakistan, PMD Issues Heatwave Alert Ahead of May Storm System

The National Disaster Management Authority (NDMA) has warned of unstable weather conditions across several parts…

1 day ago