Pakistan Mercantile Exchange Limited (PMEX) has appointed Mr. Khurram Zafar as the Chief Executive Officer, who has already taken charge.
Mr. Khurram Zafar joins PMEX with a robust background in business, technology, and capital market leadership in Pakistan, Europe, and the United States.
Prior to his appointment at PMEX, Khurram led a Pakistan focused venture capital fund, founded the LUMS Center for Entrepreneurship, and served on the Board and Digital Financial Services advisory committee of Karandaaz Pakistan.
He has also served as the Chief Information Officer at the Lahore Stock Exchange and has consulted for Merrill Lynch, Visa, and Bank of America during his professional life in the US.
About PMEX:
PMEX is Pakistan’s first and only licensed multi-commodity futures exchange. It is regulated by the Securities and Exchange Commission of Pakistan (SECP), under the Futures Market Act, 2016. PMEX provides a complete suite of services, i.e., trading, clearing and settlement, custody as well as back office. PMEX offers a number of futures contracts for trading, in four categories: Metals (Gold, Silver, Copper, etc.], Agriculture [Cotton, Corn, Wheat, etc.], Financials [Currency Pairs, etc.], and Energy [Natural Gas, Brent Oil, Crude Oil].
PMEX’s Fiscal Year 2023-24 Total Traded Volume was PKR 5,706,057,599,722.
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