Pakistan Mer-cantile Exchange (Pmex) was recently invited to participate and make a formal presentation in a seminar on 'Experiences in Establishing Effective Commodity Exchanges in IDB member Countries.' The seminar was held on 15th-16th December 2011 in Ankara, Turkey and was organised by the Islamic Development Bank, its subsidiary International Islamic Trade Finance Corporation and the Union of Chambers and Commodity Exchanges of Turkey.United Nations Conference on Trade and Development (Unctad) and Food and Agriculture Organisation (FAO) were also represented at the seminar through their experts in these fields.The purpose of the seminar was to share experiences and learn from representatives of agricultural commodity trade, commodity exchanges, financial institutions and other individuals and organisations from developing as well as developed countries.The seminar offered a platform for debate and discussion regarding institutional and policy frameworks required for effective commodity exchanges.
Case studies of various countries were reviewed in order to disseminate their experiences in establishing commodity exchanges and warehouse receipt based commodity financing.The Managing Director and Chief Business Officer of Pmex represented Pakistan.
Samir Ahmed, Managing Director made a presentation about Pmex, its operations and risk management, the current stage of agricultural markets in Pakistan and future prospects based on projects currently under way in the areas of warehousing and warehouse receipt financing in the country.-PR
