The Government of Pakistan signed a loan agreement with the Asian Development Bank worth $330 million on Saturday to support the Integrated Social Protection Development Programme (ISPDP) additional financing loan, aimed at strengthening and expanding social protection systems in Pakistan.

The programme “builds on the ongoing ADB-funded programme for strengthening and expanding social protection systems in Pakistan” through the Benazir Income Support Programme, said a news release.

Economic Affairs Secretary Kazim Niaz and ADB Country Director Emma Fan from respective sides signed the agreement.

The secretary highlighted the importance of the additional financing from concessional lending for enhancing institutional capacity and improving access to education and healthcare, particularly among women, adolescent girls, and children from low-income families.

He expressed gratitude for ADB’s continued support in this regard.

The ADB country director reaffirmed the bank’s commitment to supporting Pakistan’s objectives in strengthening social safety nets.

“This additional financing will support the programme objectives of inclusive growth, poverty reduction skills development and healthcare access for vulnerable populations. The signing of this loan agreement marks a significant step forward in enhancing social protection systems in Pakistan,” she said.