In collaboration with multiple stakeholders which include the Securities & Exchange Commission of Pakistan, the State Bank of Pakistan, USAID, and the International Finance Corporation (IFC, part of the World Bank), PAC has spearheaded efforts to launch an Electronic Warehouse Receipts regime in Pakistan.
In support of these efforts, PAC assembled a consortium of leading Pakistani businesses to invest in Pakistan’s first CMC called Naymat Collateral which has conducted a strong proof of concept over the past four seasons.
Electronic Warehouse Receipts worth over Rs. 6 billion of commodity have been issued and banks like HBL and Bank of Punjab are disbursing loans within 24 hours of the issuance of a receipt at rates lower than their usual lending rates in agriculture.
