Pakistan Mercantile Exchange Limited (PMEX) has announced a strategic investment in Naymat Collateral Management Company Limited (NCMCL), reinforcing its commitment to support the building of modern storage infrastructure for regulated commodity and agricultural markets in Pakistan.<\/p>\n
Pursuant to the Board of Directors of PMEX approvingthe investment for the acquisition andfollowing regulatory approval from the Securities and Exchange Commission of Pakistan (SECP), PMEX has acquired a majority stake, making NCMCL a subsidiary of the Exchange.<\/p>\n
This acquisition is expected to significantly enhance Naymat\u2019s capabilities in providing collateral management service and warehousing\u2014critical building blocks for developing efficient, transparent, and delivery-backed agricultural markets in Pakistan.<\/p>\n
The development comes at a pivotal time as PMEX accelerates its efforts to launch physically deliverable agricultural commodity futures trading. PMEX has listed key agricultural commodities including wheat, rice, sugar, and maize, aimed at creating a structured and regulated marketplace for these essential products.<\/p>\n
Commenting on the development, Mr. Khurram Zafar, CEO, PMEX, said: \u201cThe acquisition of NCMCL is a strategic step towards strengthening the infrastructure required for physically deliverable commodity markets in Pakistan. It will support the development of a more transparent, efficient, and secure ecosystem for participants across the agricultural value chain.\u201d<\/em><\/p>\n PMEX continues to work under the guidance and regulatory oversight of SECP to promote regulated commodity trading, transparent price discovery, and improved market access through robust and modern exchange infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":" Pakistan Mercantile Exchange Limited (PMEX) has announced a strategic investment in Naymat Collateral Management Company Limited (NCMCL), reinforcing its commitment to support the building of modern storage infrastructure for regulated … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":4424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[468],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t