Abb Takk News

ADB Approves $200 million Loan for Pakistan

ISLAMABAD: The Asian Development Bank (ADB) on Monday approved a $200 million loan for Pakistan as additional financing to support to the Benazir Income Support Programme (BISP).

According to a press release issued by the Maila-based lending agency, the amount is additional financing issued by the bank for the social development project which supports more than 5 million eligible families across the country through over $3.6 billion in total cash transfers so far.

They added that the additional financing would “continue to support cash transfers as well as help BISP implement institutional strengthening measures”.

The ADB official noted that these initiatives included asset transfer programmes that promote improved human capital and reduce inter-generational poverty.