KP-RETP signs contract agreements with BMPs

PESHAWAR: The Khyber Pakhtunkhwa Rural Economic Transformation Project (KP-RETP) has signed contract agreements with Agribusiness Mobilization Partners (BMPs) at Project Management Unit (PMU) Peshawar to drive economic growth and strengthen the rural economy across the province.

KP-RETP is a flagship initiative of the Government of Khyber Pakhtunkhwa, launched in partnership with the International Fund for Agricultural Development (IFAD) and the European Union (EU). The project aims to contribute to poverty reduction and enhance food and nutrition security for 785,000 rural households in the province, said a press release.

As part of this initiative, KP-RETP has formalised agreements with BMPs to implement agricultural business activities. These partners will play a pivotal role in strengthening Professional Farmers’ Organizations (PFOs), Public-Private-Producers Partnerships (4Ps), and Farm Services Centres (FSCs) across Khyber Pakhtunkhwa. They will work in coordination with the project’s Regional Coordination Units to expand and support farmers’ agribusiness.

Whereas, two contracts have been signed with a consulting firm Rural Empowerment and Institutional Development (REPID) amounting PKR 95,722,243 for the Central Agribusiness Cluster and PKR 134,631,000 for the Southern Agribusiness Cluster.