The Securities and Exchange Commission of Pakistan (SECP) has approved Pakistan Mercantile Exchange Limited\u2019s (PMEX) proposal to acquire a majority stake in Naymat Collateral Management Company Limited (NCMCL).
\nThis pivotal move is expected to accelerate the growth of Pakistan\u2019s Electronic Warehouse Receipt (EWR) ecosystem and strengthen the country\u2019s agricultural market infrastructure, said a press release issued by the SECP here on Friday.
\nThe integration of PMEX and NCMCL aligns with the SECP\u2019s strategic vision of linking the commodity futures market more closely with the real economy. It complements the Commission\u2019s ongoing efforts to modernize agricultural value chains through technology-driven solutions and collaboration with provincial governments.
\nNotably, the Government of Punjab\u2019s successful adoption of the EWR system for wheat storage last year demonstrated the model\u2019s effectiveness, and this decision positions the ecosystem for wider adoption and greater long-term impact.
\nThe Electronic Warehouse Receipt (EWR) system is a secure, digital platform that enables farmers and warehouse operators to record stored agricultural commodities in a verifiable and nationally recognized registry. By accurately documenting the quantity and quality of stored crops, the system allows farmers and businesses to use these receipts as collateral to access financing, sell their produce, or participate in commodity trading.
\nAs the central institution managing the EWR framework, NCMCL accredits warehouses, maintains the registry of electronic receipts, and ensures trust and transparency across the process. Without NCMCL\u2019s robust operations, the system cannot function reliably, leaving farmers struggling to secure financing or market their crops efficiently.
\nWith NCMCL as the backbone of the EWR ecosystem, PMEX\u2019s leadership, institutional capacity, and governance expertise will provide the strategic direction and operational strength needed to expand the network of accredited warehouses, enhance trust in stored commodities, and improve access to finance for farmers and agribusinesses.
\nThis strengthened foundation will also pave the way for the introduction of deliverable agricultural futures contracts, bringing Pakistan\u2019s commodity markets closer to global best practices and deepening market participation.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Securities and Exchange Commission of Pakistan (SECP) has approved Pakistan Mercantile Exchange Limited\u2019s (PMEX) proposal to acquire a majority stake in Naymat Collateral Management Company Limited (NCMCL). This pivotal move is expected to accelerate the growth of Pakistan\u2019s Electronic Warehouse Receipt (EWR) ecosystem and strengthen the country\u2019s agricultural market infrastructure, said a press release …<\/p>\n","protected":false},"author":4,"featured_media":76709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-89994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/89994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=89994"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/89994\/revisions"}],"predecessor-version":[{"id":90007,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/89994\/revisions\/90007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/76709"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=89994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=89994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=89994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}