Pakistan, ADB ink $330 million social protection agreement

Pakistan and Asian Development Bank (ADB) on Saturday formally signed a loan agreement for the Integrated Social Protection Development Program (ISPDP) Additional Financing, amounting to USD 330 million. “This program builds on the ongoing ADB-funded program for strengthening and expanding social protection systems in Pakistan through the Benazir Income Support Programme (BISP),” a press statement issued by Economic Affairs Division read. The agreement was signed by Secretary Economic Affairs Dr Kazim Niaz and ADB Country Director Emma Fan.