The Securities and Exchange Commission of Pakistan has approved Pakistan Mercantile Exchange Limited’s proposal to acquire a majority stake in Naymat Collateral Management Company Limited, a move intended to accelerate the development of Pakistan’s Electronic Warehouse Receipt ecosystem and strengthen agricultural market infrastructure. The release positions the integration as part of SECP’s strategy to link commodity futures markets more closely with the real economy and to modernize agricultural value chains through technology-led solutions and collaboration with provincial governments, citing the Government of Punjab’s prior use of the EWR system for wheat storage as a proof point. Under the EWR framework, NCMCL accredits warehouses, maintains the electronic receipt registry, and supports transparency and trust in stored commodity claims; SECP expects PMEX’s institutional capacity and governance to help expand the accredited warehouse network, improve access to finance using receipts as collateral, and support the introduction of deliverable agricultural futures contracts.
Securites & Exchange Commission of Pakistan 2025-11-21
Securities and Exchange Commission of Pakistan approves Pakistan Mercantile Exchange majority stake acquisition of Naymat Collateral Management Company
The Securities and Exchange Commission of Pakistan has approved Pakistan Mercantile Exchange Limited's acquisition of a majority stake in Naymat Collateral Management Company Limited to enhance the Electronic Warehouse Receipt ecosystem and agricultural market infrastructure. This aligns with SECP's strategy to integrate commodity futures markets with the real economy and modernize agricultural value chains, expanding the accredited warehouse network, improving access to finance, and supporting deliverable agricultural futures contracts.