AIRLINK 194.70 Decreased By ▼ -3.27 (-1.65%)
BOP 9.80 Decreased By ▼ -0.24 (-2.39%)
CNERGY 7.39 Increased By ▲ 0.10 (1.37%)
FCCL 38.17 Increased By ▲ 2.17 (6.03%)
FFL 16.48 Decreased By ▼ -0.43 (-2.54%)
FLYNG 27.54 Increased By ▲ 2.50 (9.98%)
HUBC 131.79 Decreased By ▼ -2.24 (-1.67%)
HUMNL 13.78 Decreased By ▼ -0.36 (-2.55%)
KEL 4.68 Decreased By ▼ -0.10 (-2.09%)
KOSM 6.72 Decreased By ▼ -0.22 (-3.17%)
MLCF 45.62 Increased By ▲ 0.64 (1.42%)
OGDC 214.57 Decreased By ▼ -3.66 (-1.68%)
PACE 6.84 Decreased By ▼ -0.10 (-1.44%)
PAEL 40.11 Decreased By ▼ -1.31 (-3.16%)
PIAHCLA 16.74 Decreased By ▼ -0.12 (-0.71%)
PIBTL 8.37 Decreased By ▼ -0.09 (-1.06%)
POWER 9.43 Increased By ▲ 0.04 (0.43%)
PPL 182.80 Decreased By ▼ -3.13 (-1.68%)
PRL 41.60 Increased By ▲ 0.33 (0.8%)
PTC 24.68 Decreased By ▼ -0.09 (-0.36%)
SEARL 102.84 Decreased By ▼ -1.81 (-1.73%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.40 Decreased By ▼ -1.51 (-3.69%)
SYM 17.50 Decreased By ▼ -0.55 (-3.05%)
TELE 8.74 Decreased By ▼ -0.17 (-1.91%)
TPLP 12.84 No Change ▼ 0.00 (0%)
TRG 65.50 Decreased By ▼ -1.10 (-1.65%)
WAVESAPP 11.15 Decreased By ▼ -0.15 (-1.33%)
WTL 1.72 Decreased By ▼ -0.06 (-3.37%)
YOUW 3.95 Decreased By ▼ -0.05 (-1.25%)
BR100 11,973 Decreased By -136.6 (-1.13%)
BR30 36,137 Decreased By -461.1 (-1.26%)
KSE100 113,529 Decreased By -1513 (-1.32%)
KSE30 35,646 Decreased By -553.2 (-1.53%)

KARACHI: Pakistan Mercantile Exchange (PMEX), the country’s only multi-commodity futures exchange, in collaboration with Naymat Collateral Management Company Limited (NCMCL), the first and only CMC company licensed by SECP, and GROWTECH Services, has launched a series of programmes to create awareness about the benefits of Electronic Warehouse Receipts (EWR) mechanism among the farmer.

The aim of these awareness programs is to educate smallholder farmers to become part of this landmark ecosystem to achieve three objectives: uplift the lives of farmers, documentation of the agriculture sector and improve food security.

The first programme of the series was held at Depalpur, District Okara. A large number of bankers, warehouse operators, and more than 250 farmers attended the program. During the session, PMEX and NCMCL briefed the farmers about the three options under the EWR mechanism: 1) the safekeeping of commodities to avoid distress selling and post-harvest losses, 2) using EWR as collateral for borrowing from financial institutions, and 3) trading of EWRs at the PMEX platform.

GROWTECH Services talked about increasing yields and saving input costs through its farm-specific services, finance, advisory, and access to the right markets. The session was followed by a Q&A where farmers took an active part in knowing the details of the EWR regime.

Ejaz Ali Shah, Managing Director of PMEX, Shakaib Arif, CEO of NCMCL, and Faisal Bilal of GROWTECH Services graced the event.

PMEX expressed its commitment to organizing similar awareness programs for the farmers in collaboration with NCMCL and GROWTECH in other agri centres located throughout Pakistan.

Copyright Business Recorder, 2022

Comments

Comments are closed.