ISLAMABAD — Dr. Kabir Ahmed Sidhu, Chairman of the Securities and Exchange Commission of Pakistan (SECP), has called on the Pakistan Mercantile Exchange (PMEX) to expedite the development of physically deliverable agricultural futures contracts. These contracts are intended to enhance the agricultural sector by improving pricing mechanisms and managing risk efficiently.
Importance of EWR System Integration
Dr. Sidhu emphasized the critical need to integrate agricultural futures contracts with an Electronic Warehouse Receipt (EWR) system. This system provides accurate, real-time data, ensuring transparency and efficiency in trading processes. Such integration aims to benefit producers and consumers within the agricultural market significantly.
SECP’s Modernization Drive
The initiative aligns with the SECP’s ongoing efforts to modernize Pakistan’s capital market infrastructure. By pushing these advancements, the SECP seeks to provide innovative financial solutions in key economic sectors, which is vital for improving overall sector performance.
