Borsa Istanbul, Pakistan Mercantile Exchange Limited sign cooperation deal
ISTANBUL
Borsa Istanbul said in a written statement on Aug. 15 it signed a MoU with PMEX in order to set out a framework for establishing a cooperative relationship between the exchanges, the leading commodity futures markets in Turkey and Pakistan, respectively.
As part of the program, Borsa Istanbul Executive Vice President Dr. Mustafa Kemal Yılmaz and PMEX Managing Director Ejaz Ali Shah signed the deal.
The agreement between the two exchanges was part of a broader cooperation initiative between Turkey and Pakistan and will provide opportunities for further development of the capital markets, according to the statement.
Underlining the close relations between the two countries, Yılmaz highlighted the importance of the agreement.
“The deal between the two exchanges paves the way for development of mutually beneficial business areas,” he said.
Shah also mentioned the historical relationship between the two countries.