KARACHI: Pakistan Mercantile Exchange (PMEX), the country’s only multi-commodity futures exchange, signed a Memorandum of Understanding with Telenor Pakistanto create awareness of futures trading through the My Telenor App.
Through this partnership, the two companies aim to explore and develop digital linkages in areas of mutual interest. Enabling futures trading in My Telenor App will facilitate millions of customers to benefit from investment opportunities through futures trading.
Ejaz Ali Shah, Managing Director, PMEX, commenting on the occasion stated, “PMEX endeavors to explore innovative ways of doing business and is relentlessly striving to create opportunities for retail investors across Pakistan to trade futures digitally. Our collaborative strategic partnership with Telenor Pakistan is a step forward toward achieving this objective. Through Telenor Pakistan’s digital touch points including theMy Telenor App, PMEX plans to offer an opportunity to Telenor Pakistan customers to open their accounts digitally and trade commodity futures at its regulated platform easily and conveniently. We are confident that this collaboration will expand our outreach to all nooks and corners of the country, giving an opportunity to more people to trade futures at PMEX.”
Umair Mohsin, Chief Marketing Officer, Telenor Pakistan, said, “While Pakistan has made great progress in recent years in terms of financial inclusion, there is still a lot of room for improvement and most importantly, positive guidance. Our partnership with PMEX aims to provide awareness and information to the hardworking, everyday Pakistani in their journey towards prosperity. At Telenor Pakistan, we are more committed than ever to empower people across the country to take better control of their finances through convenient digital means, and this collaboration is a key step in this regard.”