ISLAMABAD — The Chairman of the Securities and Exchange Commission of Pakistan (SECP), Dr. Kabir Ahmed Sidhu, has urged the Pakistan Mercantile Exchange (PMEX) to speed up the creation of physically deliverable agricultural futures contracts. These contracts are designed to enhance the agricultural sector by improving pricing mechanisms and risk management.
Integration with EWR System
Dr. Sidhu highlighted the importance of integrating these agricultural futures contracts with an Electronic Warehouse Receipt (EWR) system. This system provides real-time data crucial for ensuring transparency and efficiency in trading. The integration is expected to benefit both producers and consumers within the agricultural market.
SECP’s Modernization Efforts
This initiative is part of the SECP’s ongoing efforts to modernize Pakistan’s capital market infrastructure. By advancing these efforts, the SECP aims to offer innovative financial solutions to key sectors of the economy, thereby improving overall sector performance.
