Engro Foods, JS Bank ink MoU

KARACHI: Engro Foods Limited has collaborated with JS Bank under the banner of Prime Minister Youth Business Loan (PMYBL) programme to empower dairy farmers with financing facilities, a statement said on Thursday.

It is an initiative to build sustainable livelihoods for the dairy farmers through monetary support and knowledge transfers, it added.

Engro Foods dairy farmers will have the opportunity to upgrade their farms, procure machinery or livestock, with financing through JS Bank.

Ali Ahmed Khan, managing director of Engro Foods Limited, said: “Engro Foods remains committed to empower the dairy farmers at the grass roots level. PMYBL Scheme is a great effort to increase sustainability of the dairy farmers who have zero access to financing solutions.”

“Through this partnership with JS Bank, we look forward to increase the livelihoods and build the capacity of dairy farmers.”

At Engro Foods, we believe that it is our responsibility and we remain committed to enable the evolution of the dairy industry in Pakistan.”

JS Bank Group Head Corporate and Retail Banking Group Kamran Jafar said, "This agreement will serve as a development catalyst and increase financial inclusion nationwide.”