Advertisement
Categories: BusinessNewsPakistan

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

Ecommerce sector urges Govt for tax reduction and level playing field: PEA

The Pakistan eCommerce Association (PEA) has urged the government to reduce the tax burden on…

4 hours ago

Digital Inclusion, Affordability, and the Battle Against Cash Dominate Jazz Leadership’s GSMA Summit Address

From highlighting the need for affordable smartphones and universal internet to pushing for a cashless,…

4 hours ago

Blogging Tops Career Dreams for 42% of Youngsters: Kaspersky Survey

Kaspersky research findings show that 42% of children surveyed from the Middle East, Turkiye and…

3 days ago

Foodpanda adds USD 1.2 bn to Pakistan’s economy: LUMS study

A groundbreaking study conducted by the Lahore University of Management Sciences (LUMS) has revealed that…

3 days ago

Jazz’s Lead in Developing Pakistan’s First Indigenous LLM is Inclusive and Proactive

Jazz has been developing a Large Language Model (LLM) in collaboration with NUST and the…

5 days ago

PDA and Arid Agriculture University Sign MoU to Strengthen Industry-Academia Collaboration in Dairy Sector

Pakistan Dairy Association (PDA) and Pir Mehr Ali Shah Arid Agriculture University, Rawalpindi have signed…

2 weeks ago