Pakistan Mercantile Exchange (PMEX), country's first and only multi-commodity futures exchange, signed Memorandum of Understanding (MoU) with Belarusian Universal Commodity Exchange (BUCE).
The signing ceremony was hosted by BUCE in Minsk on May 11, 2018 and Ejaz Ali Shah, Managing Director, PMEX, and Arkady Salikov, Chairman of BUCE, were the signatories. The MoU is designed to facilitate closer cooperation in areas such as market development, business cooperation and experience sharing.
In the past, MoUs have been signed with five exchanges namely; Borsa Istanbul, Izmir Commodity Exchange (ICE), Dubai Gold & Commodities Exchange (DGCX), Iran Mercantile Exchange (IME) and Dalian Commodity Exchange.
Commenting on the occasion of MoU signing, Ejaz Ali Shah, Managing Director of PMEX, said, "PMEX is pleased to sign the MoU with BUCE. This strategic alliance lays the groundwork for future cooperation between both the Exchanges to facilitate trade. We strongly believe that by working together, the two exchanges can benefit from each other's strengths in creating synergies and developing an efficient platform for trading."-PR
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