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_: INTERVIEW WITH E1AZ ALI SHAH, MANAGING DIRECTOR, PMEX
PAGE: TELL US ABOUT PAKISTAN MERCANTILE EXCHANGE.
EJAZ SHAH: Pakistan Mercantile Exchange Limited (PMEX) is Pakistan's first and only multi-commodity futures exchange. It is the second biggest exchange of the country in terms of value traded after Karachi Stock Exchange. It is licensed and regulated by the Securities and Exchange Commission of Pakistan. Its shareholders include National Bank of Pakistan, Karachi Stock Exchange, Lahore Stock Exchange, Islamabad Stock Exchange, Pak Kuwait Investment Co and Zarai Taraqiati Bank.
There are various commodities listed on the Exchange including gold, silver, crude oil, rice, etc. and the average trading volume is normally in the range of 3 to 5 billion rupees. The unique feature about PMEX is that it offers the complete suite of services, i.e. trading, clearing and settlement, custody as well as back office services, all under one roof. Convenience is the hallmark of PMEX. Being an electronic exchange, it offers clients the facility to trade and view their holdings by connecting to PMEX's state-of-the-art electronic trading platform via the Internet.
PAGE: AS THE MANAGING DIRECTOR, WHAT IS YOUR VISION FOR PMEX AND WHAT ROLE DO YOU WANT PMEX TO PLAY IN THE COUNTRY?
E1AZ SHAH: PMEX is a national institution and is amongst the most prestigious institutions of the country. Though it may have a short history, the volume of daily trade conducted at the Exchange has often exceeded the value of shares traded at local stock exchanges, which shows the potential that the Exchange enjoys. My vision is to make PMEX a household name by adding products, which are investment friendly, to the product portfolio as well as creating awareness of the exchange as an alternate investment option. Moreover, we will strive to create opportunities for our members enabling them to expand their reach and to provide services to them that are comparable to the best exchanges of the region.
PAGE: WHAT ARE THE KEY COMMODITIES BEING OFFERED FOR TRADING AND INVESTMENT AT PMEX?
E1AZ SHAH: The commodities being offered for trade at PMEX...