Borsa İstanbul and Pakistan Mercantile Exchange Limited (PMEX) sign an MoU
Borsa İstanbul and Pakistan Mercantile Exchange Limited (PMEX) signed a Memorandum of Understanding (MoU) in order to set out a framework for establishing a cooperative relationship between the exchanges that are leading the commodity futures markets in Turkey and Pakistan, respectively.
Mr. Ejaz Ali Shah (Managing Director, PMEX) and Nauman Lakhani (Head of Marketing, Business Development & Customer Support Services, PMEX) from Pakistan Mercantile Exchange visited Borsa İstanbul on August 12, 2015.
As part of the daylong program, Borsa İstanbul Executive Vice President Dr. Mustafa K. Yılmaz and PMEX Managing Director Mr. Ejaz Ali Shah signed an MoU—through which the exchanges will share information and expertise in various fields with a view to building a long-term relationship. The agreement between the two exchanges is part of a broader cooperation initiative between Turkey and Pakistan and will provide opportunities for further development of the capital markets. Underlining the close relations between the two countries, Dr. Mustafa K. Yılmaz highlighted the importance of this agreement by saying “The MoU between the two exchanges paves the way for development of mutually beneficial business areas”. Mr. Ejaz Ali Shah mentioned the historical relationship between the two countries and said: “This MoU between Pakistan Mercantile Exchange & Borsa İstanbul will be the foundation of a long lasting and fruitful relationship”. The MoU signing ceremony was followed by a number of informative presentations by both of the exchanges as part of the program.