The Pakistan Mercantile Exchange Limited (PMEX), one of the leading derivatives trading platforms in the country, has announced the appointment of Mr. Nadeem Karamat as its new Chairman of the Board. This significant development marks a fresh chapter for the organization as it aims to further enhance its role in strengthening Pakistan’s financial and commodity markets.
Approved by the Securities and Exchange Commission of Pakistan (SECP), Mr. Karamat brings a wealth of experience spanning over two decades in both domestic and international financial sectors. His extensive career reflects leadership roles in some of the most prominent financial institutions globally and locally, making him an ideal candidate to steer PMEX towards its strategic goals.
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Prior to his appointment, Mr. Karamat served as Group General Counsel at TPL Corp, where he was responsible for overseeing legal and regulatory affairs across the group. His prior experience also includes senior positions at reputable organizations such as Aga Khan University, HUBCO, Engro Corporation, and Shell. These roles have provided him with a diverse perspective on corporate governance, compliance, risk management, and strategic development, all of which are critical for the continued growth and stability of a financial institution like PMEX.
In addition to his corporate leadership, Mr. Karamat has played an influential role in the development of Pakistan’s financial infrastructure. Notably, he was part of the team that established the ECO Trade & Development Bank in Istanbul, where he served as the Founding Vice President. His involvement in this multilateral development institution helped foster regional economic cooperation and trade.
The appointment of Mr. Karamat also coincided with the welcoming of new independent directors, including Hussain Ozgen, Ismail Naqvi, and Natasha Jehangir Khan. Their addition to the board emphasizes PMEX’s commitment to transparent governance, strategic oversight, and inclusiveness in decision-making processes.
The PMEX Board members and management team are confident that Nadeem Karamat leadership and vision will be instrumental in expanding the exchange’s operations, promoting innovation, and increasing market participation. Under his guidance, PMEX is poised to explore new avenues for growth, attract greater investor confidence, and contribute to Pakistan’s broader economic development. The exchange aims to position itself as a vital pillar in the country’s financial ecosystem, leveraging Mr. Karamat’s rich experience and strategic insight.
In summary, the appointment of Nadeem Karamat as PMEX Chairman signifies a strategic move aimed at bolstering the institution’s capabilities and aligning it with best practices in the evolving Pakistan financial landscape. His leadership is expected to foster greater stability, transparency, and innovation, ultimately positioning PMEX as a key driver of economic progress in the country.
