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ADP Approves Additional $200mn Grant For Pakistan

ISLAMABAD: Asian Development Bank (ADB) has approved an additional $200 million grant for social protection development projects in Pakistan.

Sources said that ADB approved $200 million loan as additional financing to support the government of Pakistan’s flagship social protection program, Benazir Income Support Programme (BISP), which supports more than 5 million eligible families across the country.

Talking to journalist in Islamabad, Federal Minister for Economic Affiars Hammad Azhar commended ADB for approving the additional loan and added that the grant will help reduce poverty in country.