Pakistan Mercantile Exchange Limited (PMEX) has acquired a majority ownership stake in Naymat Collateral Management Company Limited (NCMCL), bringing the firm under its control as a subsidiary.

The transaction was approved by PMEX’s board and completed after receiving permission from the Securities and Exchange Commission of Pakistan (SECP), according to an official announcement released on May 11, 2026.

NCMCL operates in collateral management and commodity warehousing, services that support the storage and verification of goods traded in commodity markets, particularly agricultural products.

The acquisition comes as PMEX expands trading of physically deliverable agricultural commodities. The exchange currently lists wheat, rice, sugar, and maize among the commodities available for trading on its platform.

Officials said the move is intended to strengthen infrastructure required for commodity trading linked to the physical delivery of agricultural goods.