Contract Signing with Metro Cash & Carry International Holding BV

25 November, 2016 PSDF Head Office, Lahore

A contract signing ceremony between Punjab Skills Development Fund and Metro Cash & Carry International Holding BV took place at the PSDF Lahore Office. The Chief Executive Officer (PSDF) Mr. Jawad Khan signed the contract with the Managing Director Metro Cash & Carry Mr. Marek Minkiewics for imparting agricultural skills training under the scheme of “Big Push for Rural Economy – Agriculture Sector”. Director Metro Cash & Carry Mr. Pervaiz Akhtar, Head of Legal & Company Secretary Metro Cash & Carry Mr. Asad Malik, Chief Operating Officer Star Farm Pakistan, Member of Metro Group Mr. Muhammad Zeshan Saqib, Manager Marketing Star Farm Pakistan, Member of Metro Group Mr. Hasnain Hyder, Chief Operating Officer PSDF Mr. Ali Akbar Bosan and Manager Program Development PSDF Mr. Aftab Ahmad were also present at the occasion. Under the contract Metro Cash & Carry International will provide agricultural skills training to over 10,000 men and 2,000 women of 4 districts of Southern Punjab i.e. Bahawlapur, Bahawalnagar, Lodhran and Muzaffargarh. Both General and Specialized agricultural skills training will be imparted to the active agriculturists who aspire to achieve production complementarities in cotton, wheat & vegetables. With the General agricultural training there will be an expected increase of 10% – 15% in the production of cotton and wheat accompanied with the average increase of Rs.10,000 – Rs. 23,000 in household income. Moreover, under the Specialized agricultural training there will be an expected increase of 12% -17% in the earnings of the project beneficiaries as well. The trainings will enhance and cover the entire value chain across the agriculture sector. Since, agriculture sector accounts for 25.3% of the country’s total GDP with gradual declines experienced in the past as well, which is why this sector needs consistent consideration for such agricultural skills practices to be implemented in order to achieve the economies of scale with supplemented productions per acre. Majority of the country’s population is either directly or indirectly dependent upon agriculture sector which is the largest source of foreign exchange earnings as well. Therefore, the training imparted under the contract will not only help the farmers with supplemented productions and revenues but will also be equally beneficial to boost the country’s overall economy.

Contract Signing with Metro Cash & Carry International Holding BV