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Asian Development Bank Provides $330 Million to Pakistan
Great news for the poor families of Pakistan from BISP 8171. Recently, the Asian Development Bank has given Pakistan $ 330 million for poor families, under which financial assistance will be given to the poor and deserving families of Pakistan. It has been informed that financial assistance will be given to poor women and their families through BISP
Asian Development Bank to provide $330 million to Pakistan for poor households, agreement reached. A $330 million loan agreement has been reached between Pakistan and the Asian Development Bank. The money will be spent on strengthening the social protection system and expanding social protection at the grassroots level to eradicate poverty. The agreement signed between Pakistan and ADB was signed by Secretary Economic Affairs Division Kazim Niaz on behalf of Pakistan and Country Director Emafin on behalf of ADB.
According to a statement issued in this regard this loan has been given under the Integrated Social Protection Development Program, which aims to help poor and vulnerable households. Under this program, poor women and their families will be provided assistance through BISP, and poor and vulnerable families will be provided with climate-sensitive assistance.
ADB Country Director Emmafen said that the program has increased access to primary and secondary education for poor children and youth, and has also helped improve access to health services and food supplies for BISP women and adolescent girls.
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8171 Assistance for Poor Women and Families
Under this program, financial assistance will be delivered through the Benazir Income Support Programme (BISP) to support poor women and their families. The funding also ensures climate-sensitive assistance to help vulnerable households manage the impacts of climate change, including extreme weather and food insecurity.
ADB’s initiative targets some of the most marginalized communities, with a focus on improving education, health, and food access for women and children. The program is expected to increase enrollment in primary and secondary schools among poor children and youth, ensuring access to quality education for future generations.
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Focus on Women and Adolescent Girls
Speaking on the occasion, ADB Country Director Emafin highlighted the significance of this initiative. She stated that the program has played a key role in enhancing access to health services and ensuring the availability of food supplies for women and adolescent girls.
By focusing on women and girls, the program addresses key barriers to social and economic development, improving health outcomes and empowering families to break the cycle of poverty.
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A Collaborative Effort to Combat Poverty
This partnership between the Government of Pakistan and the Asian Development Bank reflects a shared commitment to uplifting marginalized communities. By strengthening social protection systems, the program aims to reduce inequalities, promote economic inclusion, and support sustainable development across Pakistan.
The loan will be a cornerstone in building a more resilient, inclusive, and equitable social safety net for the country, ensuring that the most vulnerable citizens are not left behind.
Conclusion
The $330 million loan from the Asian Development Bank marks a major step towards strengthening Pakistan’s social protection systems. Through programs like BISP, the initiative will directly benefit poor women, children, and families, ensuring better access to education, health services, and climate-sensitive support. This collaborative effort between Pakistan and ADB is expected to bring significant relief to vulnerable households and help combat poverty at the grassroots level.
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FAQs
What is the purpose of the $330 million loan from ADB?
The loan aims to strengthen Pakistan’s social protection systems and provide targeted assistance to poor households, especially women and children, through programs like BISP.
How will the funds be used?
The funds will be utilized to provide financial and climate-sensitive assistance, improve education access, and enhance healthcare and food security for poor and vulnerable families.
Who signed the agreement on behalf of Pakistan and ADB?
The agreement was signed by Secretary Economic Affairs Division Kazim Niaz for Pakistan and ADB Country Director Emafin for the Asian Development Bank.
How will this program benefit women and girls?
The program focuses on providing better access to health services and food supplies for 8171 women and adolescent girls, ensuring their well-being and empowerment.
What role does BISP play in this program?
The Benazir Income Support Programme (BISP) will serve as the primary platform for delivering financial assistance to poor women and their families under the ADB-funded initiative.