In a landmark step toward inclusive growth, Pakistan has entered into a $350 million financing agreement with the Asian Development Bank (ADB) to launch the Women Inclusive Finance Sector Programme. The initiative is designed to enhance economic participation for women by increasing access to finance, entrepreneurial resources, and employment pathways.

Dual Financing Approach

The funding comprises two core components:

• A $300 million policy-based loan aimed at supporting structural reforms, and
• A $50 million intermediary loan that will directly target institutions enabling women’s access to capital and markets.

This strategic framework aims to eliminate the systemic barriers women face in economic engagement, particularly in sectors such as microfinance, small and medium enterprise development, and formal employment.

A Step Toward Gender-Responsive Finance

The agreement was officially signed by Additional Secretary Sabina Qureshi on behalf of the Government of Pakistan, while Dinesh Raj Shivakoti, Project Leader at ADB, represented the bank. According to the Economic Affairs Division, the initiative is aligned with Pakistan’s broader vision of fostering gender-responsive economic development.

Related Reforms in Progress

This is not the only collaboration between ADB and Pakistan in recent weeks. Earlier this month, the two parties concluded another agreement under the “Improved Resource Mobilization and Utilization Reform Program (Subprogram II)”, involving a $300 million loan. That program aims to enhance fiscal sustainability through better resource management and governance practices.

Strengthening Development Partnerships

Representing the Economic Affairs Division, Dr. Kazim Niaz, and ADB’s Country Director Ms. Emma Fan signed the agreement during a formal ceremony attended by senior officials. These developments highlight the continued strategic cooperation between Pakistan and multilateral financial institutions to pursue sustainable and equitable development.