PMEX set to launch Deliverable Sugar Futures
KARACHI: Pakistan Mercantile Exchange (PMEX), is preparing to launch Deliverable Sugar Futures after Securities as Exchange Commission of Pakistan (SECP) has recently approved the contract.
PMEX termed this move a landmark step towards improving transparency and efficiency in Pakistan's sugar trade.
As one of Pakistan's largest agro-based sectors, the sugar industry has long faced challenges including unregulated pricing, excessive speculation, hoarding, and supply chain inefficiencies.
With the commencement of trading in Deliverable Sugar Futures at PMEX, the industry will gain access to a regulated, national platform that enables transparent price discovery, streamlined trading, effective risk management, and enhanced market documentation.
Ahead of the launch, PMEX conducted a road show in multiple cities including Sargodha and Lahore, the largest sugar trading hubs in Pakistan, bringing together sugar millers, brokers, traders, dealers, and large sugar buyers.
These sessions offered the participants detailed orientation to the new contract specifications, live trading demonstrations, overview of the account opening process and training on how to conduct mock trading on PMEX before the contract launch.
Abdul Rehman Warraich, SECP Commissioner, and Muhammad Ajmal Bhatti, Secretary of the Price Control & Commodities Management Department, Government of Punjab, addressed the participants and commended the initiative, assuring the full support of the regulator and the provincial government respectively.
PMEX CEO Khurram Zafar has also highlighted the transformative potential of the initiative: 'Sugar is one of Pakistan's most traded commodities, yet it lacks structure and transparency. With Sugar Futures, PMEX is turning the tide-ushering in transparency, price stability, and a future where fair trade leads the way,' said PMEX CEO Khurram Zafar.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
9 hours ago
- Business Recorder
‘Despite crushing defeat, Modi remains unlearned'
This is apropos a letter to the Editor from this writer carried by the newspaper yesterday. I would like to add that since 1947, Pakistan and India have fought five wars—1947, 1965, 1971, 1999, and most recently from May 5 to May 10, 2025. Each war, regardless of its military outcome, has been a loss for the people: lives lost, families torn apart, economies devastated, and generations scarred. Estimates suggest that the cumulative economic loss from these conflicts runs into hundreds of billions of dollars—conservative estimates place the direct and indirect costs at over $250 billion for India and $100 billion for Pakistan, excluding the immeasurable human toll. The 2025 war alone, lasting merely five days, is believed to have cost both nations approximately $100 billion in combined economic damage, infrastructure losses, disrupted trade, and lost productivity. The pattern is predictable: every war begins with heightened rhetoric, spirals into military confrontation, and ultimately ends at the negotiating table—often right where it all started. So, why not choose the table first and save countless lives and resources? Why not learn from the lessons of history, where every war has brought more pain than gain, more wounds than wins, and more bitterness than breakthroughs? Central to this perpetual conflict is the Kashmir issue—a festering wound that has fueled tensions for decades. Until this core dispute is resolved in line with United Nations Security Council resolutions and the aspirations of the Kashmiri people, lasting peace will remain elusive. Kashmir is not just a piece of land; it is a symbol of unresolved grievances, a humanitarian crisis, and the spark that has ignited many of the wars between the two countries. While international actors have offered their good offices to mediate a solution, India continues to resist external facilitation, insisting on bilateral dialogue while simultaneously rejecting meaningful negotiations. This stalemate serves no one — least of all the people of Kashmir, who continue to suffer the most. Copyright Business Recorder, 2025
Business Recorder
15 hours ago
- Business Recorder
JI chief meets Bangladesh's ambassador
LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem-ur-Rehman met with Bangladesh's Ambassador to Pakistan Iqbal Hussain Khan. The meeting focused on bilateral relations, regional dynamics, and matters of mutual interest. Talking on the occasion, Rehman emphasized that both Pakistan and Bangladesh face similar challenges in the realms of defense and security. He called for stronger cooperation between the two countries, especially in sectors such as defense, education, trade, and technology. 'Pakistan and Bangladesh have entered a new era of friendship,' he said, underscoring the importance of deepening people-to-people connections and fostering closer ties at the societal level. He stressed that the people of both nations share historical and cultural bonds and cannot be separated by past divisions. 'Strengthening mutual friendship will contribute to the progress of both countries,' he remarked. Copyright Business Recorder, 2025
Business Recorder
15 hours ago
- Business Recorder
Zardari greets Korean President
ISLAMABAD: President Asif Ali Zardari has extended his heartiest congratulations to Lee Jae-myung on his election as president of the Republic of Korea, said a press release. Copyright Business Recorder, 2025
