PMEX Investment Expo- 2024: Speakers commend PMEX role in digitization of markets

ISLAMABAD( WNAM REPORT) :The Speaker in Seminar on Saturday said that Pakistan Mercantile Exchange (PMEX) is playing its pivotal role in automating and digitizing the markets, which will not only document the country’s economy, but will also bring economic sustainability.
Pakistan Mercantile Exchange (PMEX) not only connecting domestic metal and commodity markets, but integrating domestic markets with international markets is a big economic journey which regional and international countries have started several decades ago.
The speaker said this while addressing the Investment Expo- 2024 organized by Pakistan Mercantile Exchange (PMEX) here to create awareness about the future commodity and metal market here.
Meanwhile, while addressing the seminar, Governor Punjab Sardar Saleem Haider said that Pakistan Mercantile Exchange is creating a history that the way it is digitizing the country’s markets will benefit farmers and small businessmen.
Governor Punjab said that he is a farmers and belongs to an agricultural family and with these initiatives of Pakistan Mercantile Exchange, the middleman in the agricultural market will be eliminated and the farmer will benefit and agriculture will develop further.
He said that by developing the metal and commodity trade on modern lines, the country’s economy will not only advance, but the country’s economy will be built on modern lines.
Sardar Saleem Haider said that digitization and storage of domestic markets will be a big step through which domestic economy will be sustainable and productivity will increase.
Managing Director , Pakistan Mercantile Exchange exchange, Farhan Tahir said Commodity is a future market and PMEX is setting up an eco- system in commodity and metal which will integrate the market.
He said that with digitization and automation in the market, the country’s economy will be developed in a proper direction and the commodity market will develop.
MD, PMEX said that Pakistan Mercantile Exchange was started in 2002 and during this time we have done a lot of work in commodity and metal and it will be improved in future.
Addressing this seminar, Joint Director Security and Exchange Murtaza Abbas praised the work of PMEX and said that they are working on future market.
He said that general public and businessmen should join investment and savings schemes after research said that the legal aspect should be taken into consideration and not profit and market regulation is very important.
While expressing his thoughts, Pakistan Mechanical Exchange Chief Business Officer Zaki-ur Rahman highlighted the various aspects of the capital market and said that market regulation is very important.
He said that the role of Pakistan Mechanical Exchange is very important for future market.
On this occasion, Pakistan Stock Exchange and other representatives of the capital market described the role of PMS X in the market economy as ideal and appreciated their initiatives for future market