United States Agency for International Development (USAID) and the Punjab Board of Investment and Trade (PBIT) signed a memorandum of understanding (MoU) on Monday to promote Punjab as a desirable destination for investment in agriculture. "The MoU signed highlights USAID's commitment to developing the agriculture sector in Punjab. Through this partnership, USAID and PBIT will work together in promoting investment and creating jobs in the livestock, dairy and horticulture sectors," USAID Provincial Director for Punjab Dr Miles Toder remarked.
"The combination of USAID and PBIT resources will help stimulate the business enabling environment in the province, which will help overcome investment and trade challenges." Through this memorandum, the USAID-funded Punjab Enabling Environment Project (PEEP) and PBIT will promote investment opportunities for joint ventures, advocate for public-private partnerships emerging from the Government of Punjab's agricultural initiatives, and highlight trade and investment areas for international and domestic investors.