Borsa Istanbul and Pakistan Mercantile Exchange sign cooperation dealStaff writer ▼ | August 18, 2015
Borsa Istanbul and Pakistan Mercantile Exchange Limited (PMEX) signed a Memorandum of Understanding (MoU) to establish a relationship between the exchanges that are leading the commodity futures markets in Turkey and Pakistan.
Asia Turkey and Pakistan to cooperate via stock exchanges
As part of the daylong program, Borsa Istanbul 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 Istanbul will be the foundation of a long lasting and fruitful relationship”. ■