PMEX signs agreement with HashMove to digitalise trade, logistics

KARACHI: Pakistan Mercantile Exchange (PMEX), country’s first and only multi-commodity futures exchange, signed an agreement with HashMove.

Under this agreement, HashMove will provide a digital multimodal logistics platform for PMEX, connecting buyers and sellers of commodities virtually anywhere around the globe.

At present, the Exchange is actively working towards developing Pakistan’s first international online trading platform under the name of Global Trading Platform (GTP) that will show case local commodities of the country to the global market by offering an end-to-end one-window solution.

Mr. Ejaz Ali Shah, Managing Director of PMEX, speaking on the occasion said, “We are delighted to collaborate with HashMove for developing the digital logistic platform for PMEX to achieve the ultimate goal of selling of indigenous agricultural commodities to international buyers.”

Commenting on the occasion, Mr. Sarfaraz Alam, CEO and Co-Founder of HashMove, said, “We are excited to see that our enterprise logistic platform has begun to contribute towards the digital economy in the era of Digital Pakistan.”****