The Government of Punjab has designated the Pakistan Mercantile Exchange (PMEX) as the trading platform for Electronic Warehouse Receipts (EWRs) for wheat under the Chief Minister Punjab EWR Financing Facility.
The initiative allows wheat stored in accredited warehouses to be traded on PMEX’s electronic platform. Farmers, traders, and investors will be able to access pricing, liquidity, and conduct electronic transactions through mobile devices.
“We are honored to support the GoPb in this transformative step,” said Khurram Zafar, CEO of PMEX. “Our state-of-the-art platform will ensure farmers and traders benefit from real-time price discovery, transparency, and trust—key ingredients of a thriving agricultural trading ecosystem.”
EWRs are digital proof of commodity ownership. They are issued by licensed warehouses and supported by a system of collateral management companies, accredited warehouse operators, and banks. The model addresses post-harvest market gaps, reduces distress selling, and integrates farmers into the formal financial system through a regulated electronic trading platform that supports nationwide price discovery.
The move is part of broader efforts by the Government of Punjab, the Securities and Exchange Commission of Pakistan (SECP), and the State Bank of Pakistan (SBP) to modernize agricultural markets and expand financial inclusion in rural areas. PMEX is participating as a key partner in the process.
