National Bank of Pakistan (NBP) congratulates Pakistan Mercantile Exchange (PMEX) on 10 years of uninterrupted operations. This is an important milestone and is testament to the focus and dedication of its staff, and the continued support of its sponsors, of which NBP is a founder and the largest shareholder.
The Exchange is now established as a vital component in the country's financial architecture, providing a platform for agricultural producers wishing to hedge their production; buyers who wish to manage the risk of price fluctuations, and other commodity suppliers and users who can manage their exposures more effectively using the Exchange's services.
Daily values of contracts traded now exceed Rs.5.5 Billion and we expect rapid growth in the future as PMEX's services become more widely known and as financial sophistication increases throughout the country.