LAHORE – In a major step toward modernizing agriculture, the Government of Punjab has officially selected the Pakistan Mercantile Exchange (PMEX) as the trading platform for wheat under the Electronic Warehouse Receipts (EWR) system.
This move, launched under the Chief Minister Punjab EWR Financing Facility, will allow farmers, traders, and investors to trade wheat stored in accredited warehouses using PMEX’s electronic platform. Users will also be able to access real-time prices and conduct transactions directly through mobile devices.
“We are honored to support the Government of Punjab in this transformative step,” said PMEX CEO Khurram Zafar. “Our platform ensures transparency, real-time pricing, and trust—three essential pillars for a modern agricultural market.”
EWRs are digital certificates that prove ownership of a commodity stored in licensed warehouses. Backed by collateral management companies and regulated banks, the system helps reduce post-harvest losses, prevents distress selling, and brings farmers into the formal financial network.
Moreover, this initiative is part of a broader push by the Punjab Government, the Securities and Exchange Commission of Pakistan (SECP), and the State Bank of Pakistan (SBP) to digitize agricultural markets and boost financial inclusion in rural areas. PMEX will play a key role in making this transition smooth and efficient.
With this development, Punjab’s wheat growers will have better access to markets, fair pricing, and more control over when and how they sell their produce, marking a big leap toward smarter and fairer agriculture.