Pakistan Mercantile Exchange (PMEX) has signed a Memorandum of Understanding (MoU) with Izmir Commodity Exchange (ICE). This is the second MoU that PMEX has signed with an exchange in Turkey. Prior to this MoU, PMEX has signed a pact with Borsa Istanbul.
The MoU with ICE was signed by Mr. Ejaz Ali Shah, Managing Director, PMEX and Ms. IÅŸÄ±nsu Kestelli, Chairperson of ICE. This agreement will pave the way for both the institutions to work in close coordination for the development and enhancement of derivatives and financial markets in Pakistan and Turkey by sharing market information and expertise with each other, introduce programs for cross training of staff and build upon each otherâ€™s best practices and experiences.
Commenting on this auspicious occasion, Mr. Ejaz Ali Shah said: â€œI am touched by the warmth and hospitality of the Turkish Exchanges extended to us during our visit. As Pakistan and Turkey enjoy special relationship spanning over decades, I am sure that these MoUâ€™s will lay the foundation for a long lasting & fruitful relationship. I look forward to learning from each otherâ€™s experiences and to explore other areas where we can build upon, for the benefit of our exchangesâ€.