Pakistan Mercantile Exchange (PMEX) is endeavouring to enrich its system database with profiles of agriculture products which will be ‘just a click away’ for foreign buyers in the international market, said PMEX representative Nida Latif to investors, progressive farmers and industrialists at a seminar at the Multan Chamber of Commerce and Industry (MCCI).
She assured that investment in commodity trading was secure because the exchange was responsible for its protection and the Securities and Exchange Commission of Pakistan (SECP) was monitoring the process. The gathering was informed that commodity trading through the exchange was in operation, successfully, for the last fifteen decades. The level of investment and awareness was also on the rise in Pakistan, she added.
“Currently, commodity exchange was dealing with Pakistani products including rice, sugar, wheat and foreign products like gold, silver, crude oil, and palm oil,” Latif said. Around 300 brokers were working with the PMEX.
“Our vision behind the awareness drive is to let the world know about Pakistani agriculture products, their quality, price and those who produce or sell them. In this way, the agricultural products will be just a click away from any buyer in any part of the country and will enable him/her to contact the commodity exchange in Pakistan for any product of ours,” she said.
Published in The Express Tribune, November 14th, 2012.
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