Engro Foods inks MOU with JS Bank

Published: March 31, 2018
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PHOTO: BLOOMBERG

PHOTO: BLOOMBERG

KARACHI: Engro Foods Limited being the second largest dairy company in Pakistan has collaborated with JS Bank under the banner of Prime Minister Youth Business Loan (PMYBL) programme to empower dairy farmers with financing facilities. The initiative is intended to build sustainable livelihoods for dairy farmers through monetary support and knowledge transfers. Engro Foods’ dairy farmers will have the opportunity to upgrade their farms by procuring machinery or livestock, with financing through JS Bank. This is another step by Engro Foods in its journey for socio-economic empowerment of the dairy farmers in Pakistan. Engro dairy farmers participating in this programme will be able to access up to Rs2 million in ready funds for up to eight years, at a minimum mark-up rate of just 6% per annum. Speaking at the occasion, Engro Foods Managing Director Ali Ahmed Khan said “Engro Foods remains committed to empower the dairy farmers at grass root level”.

Published in The Express Tribune, March 31st, 2018.

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