Tingo Group Signs Agreement With Governmental Body In Pakistan For Implementation And Rollout Of Tingo's Businesses Throughout The Country
Portfolio Pulse from Benzinga Newsdesk
Tingo Group, Inc. (NASDAQ:TIO) has signed a Memorandum of Understanding with the Khyber Pakhtunkhwa Information Technology Board (KPITB) to launch and roll out its business and service offerings in Pakistan. The agreement aims to revolutionize Pakistan's agriculture sector, improve food production levels, and enhance food security. Tingo's technology applications and platforms will be implemented in the agricultural sector to increase crop yields and reduce post-harvest losses. The company will also introduce its online agri-marketplace platform in Pakistan.
October 24, 2023 | 3:32 pm
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Tingo Group's expansion into Pakistan could potentially boost its revenues and profitability, given the country's large agricultural market. The partnership with KPITB could also enhance Tingo's reputation in the agri-fintech space.
Tingo Group's expansion into Pakistan, the fifth most populous country in the world and one of the largest agricultural markets, could significantly boost its revenues and profitability. The partnership with KPITB, a governmental body, could also enhance Tingo's reputation and credibility in the agri-fintech space, potentially attracting more partnerships and customers.
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