Tingo Group signs agreement in Pakistan for rollout of businesses

Tingo Group announced that it has executed a Memorandum of Understanding with the Khyber Pakhtunkhwa Information Technology Board to launch and roll out the company’s business and service offerings into Pakistan. KPITB is a governmental body established in the Province of the Khyber Pakhtunkhwa, Pakistan, for the promotion of information technology for the public and private sector. Under the terms of the MOU, KPITB has agreed to assist Tingo by facilitating various initiatives in the Khyber Pakhtunkhwa province as well as throughout Pakistan, including the following: Implementation of Tingo’s technology applications and platforms in the agricultural sector with the goal of increasing crop yields and reducing post-harvest losses; Utilization of Tingo’s platforms to improve farmers’ access to agricultural finance, farming knowledge, techniques and know-how, and farming inputs such as high-quality seeds and fertilizers; Promotion of sustainable farming practices and resource conservation, as well as collaboration with educational institutions to build a stronger agricultural ecosystem. The non-binding MOU establishes the framework upon which Tingo and KPITB are expected to develop a binding definitive agreement in the coming weeks consistent with these terms.