PMEX able to provide alternate avenues of liquidity: Akif Saeed

MG News | January 06, 2023 at 09:52 AM GMT+05:00

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January 06, 2023 (MLN): Pakistan Mercantile Exchange Limited (PMEX) will provide alternate avenues of liquidity to the producers and processors of agricultural commodities which will benefit the farmers and boost economy activity, a notice issued by SECP on Thursday showed.

A meeting was held between chairman SECP Akif Saeed and senior management of PMEX on Thursday.

During the meeting, Chairman SECP reviewed the progress of new contracts on Electronic Warehouse Receipts (EWR) and measures to promote trading activity at the PMEX.

“Regulatory and structural reforms will be introduced along with product development to link PMEX with the rural economy of Pakistan”, he added.

Further he highlighted the need for increasing outreach and tapping the potential of remote areas by ensuring presence of commodity brokers and developing warehouse infrastructure.

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