SECP Consultative Session on Commodities based Financial Ecosystem

The Securities and Exchange Commission of Pakistan (SECP) organized a consultative session on agricultural warehousing regulations and commodities based collateral and financing ecosystem, at the SECP head office on July 18, 2017.

Pakistan Microfinance Investment Company (PMIC) was represented at the session by Mr. Shahid Mustafa Chief Executive Officer, Mr. Rashid Imran Chief Risk Officer and Mr. Saqib Siddiqui Head of Sector Development. Other stakeholders represented at the event include the State Bank of Pakistan, Ministry of Agriculture, National Bank of Pakistan, ZTBL, National Rural Support Program, , commercial banks, Central Depository Company of Pakistan, Pakistan Mercantile Exchange, Pakistan Microfinance Network, provincial departments of agriculture from Punjab and Sindh, Pakistan Agriculture Coalition and telecommunication companies.

The participants emphasized on continued
dialogue and collaboration between SECP and SBP and other stakeholders to develop a roadmap and a regulatory framework for the commodity market.