LAHORE: The United States Agency for International Development (USAID) and the Punjab Board of Investment and Trade (PBIT) on Monday signed a memorandum of understanding (MoU) to promote investment in agriculture and horticulture sectors of the province.
“Through this partnership both sides will work together in promoting investment and creating jobs in livestock, dairy and horticulture sectors,” said USAID Provincial Director for Punjab Dr Miles Toder while speaking on the occasion. PBIT CEO Amena Cheema was also present.
Dr Toder said the combination of USAID and PBIT resources would help stimulate the business-enabling environment in the province to overcome investment and trade challenges.
Through this MoU, the USAID-funded five-year-long $15 million Punjab Enabling Environment Project (PEEP) and PBIT would promote investment opportunities for joint ventures, advocate public-private partnerships emerging from agricultural initiatives, and highlight trade and investment areas for international and domestic investors.