Just looked at function
str_pad($input, $pad_length, $pad_str, [STR_PAD_RIGHT, STR_PAD_LEFT, or STR_PAD_BOTH])
which helps to pad some str
You're looking for a string insert, not a padding.
Padding makes a string a set length, if it's not already at that length, so if you were to give a pad length 3 to "abcdef", well it's already at 3, so nothing should happen.
Try:
$newstring = substr_replace($orig_string, $insert_string, $position, 0);
PHP manual on substr_replace