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USAID and Engro Foundation Sign MoU to support farmers

04:52 PM | 1 Aug, 2016
USAID and Engro Foundation Sign MoU to support farmers
ISLAMABAD - The United States Agency for International Development (USAID) and the Engro Foundation on Monday signed a Memorandum of Understanding (MoU) to generate investment opportunities and provide access to modern information technology for the benefit of farmers in Punjab.

"The MoU signed today, which will be managed through USAID's Punjab Enabling Environment Project, highlights the US government's commitment to support small farmers in Pakistan," USAID Agriculture Specialist Asad Ullah Khan said.

"Our two organisations will work together to connect farmers to the financial services sector to mobilise investments in small farms and create employment opportunities in the agriculture sector of Punjab," a statement by the Engro Foundation issued said.

Through this partnership, USAID and the Engro Foundation will support 5,000 farmers by encouraging microfinance banks to provide loans ensuring farmers' access to the necessary tools and services needed for agricultural inputs and transactions.

The partnership will also work with the information technology sector to help disseminate agricultural advisory services to farmers of different areas.

The advisory services will provide information on cropping patterns, weather forecasts, and farming techniques which can help farmers adopt practices to increase yields and productivity.

Speaking at the ceremony, Aman ul Haque from Engro Foundation said, "The collective efforts and common linkages with relevant micro-finance institutions and telecommunication companies will help us expand this program by bridging the gap between the marginalised rural communities and service providers.

Engro's Farmer Connect Program led by our fertiliser team is looking to solve all issues related to the farmer ranging from yield improvement, soil fertility and water conservation.

Access to finance and knowledge sharing through a digital platform are also critical components to enhance the livelihood of the farmer in Pakistan."

USAID's Punjab Enabling Environment Project is a five-year, $15 million project which aims to improve the business environment in the livestock, dairy, and horticulture sectors of Punjab.

Engro Foundation is the social investment arm of Engro which aims to improve livelihoods in its communities and in Engro's business value chains.

Under the Farmer Connect Programme, Engro Foundation in coordination with Engro Fertilizers aims to improve the livelihoods of the agri population by improving productivity and ensuring best agri practices for long term sustainability.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71


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