In an exciting development for the Pakistani gold market, Zakaria Gold Commodities (Pvt) Limited, the country’s first formal company for online and physical gold trading, is all set to commence operations on January 30, 2024. This groundbreaking initiative has been approved by both the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Mercantile Exchange (PMEX), marking a significant milestone in the country’s financial landscape.
The primary objective of Zakaria Gold Commodities is to bring transparency and trust to the gold market by eliminating speculation and price manipulation. With the backing of the SECP and PMEX, this pioneering company aims to revolutionize the way gold is traded in Pakistan.
Chairing the inauguration ceremony will be Dr. Bu Abdullah, the esteemed Chairman of the Bu Abdullah Group in the UAE. Dr. Abdullah’s presence underscores the international significance of this venture and highlights the immense potential it holds for the Pakistani gold market.
One of the key benefits of Zakaria Gold Commodities is its potential to eradicate the black market for bullion. By providing a formal platform for gold trading, the company will help bring stability to the market and ensure fair practices. This is a significant step towards enhancing the reputation and credibility of the gold industry in Pakistan.
As part of its commitment to transparency, Zakaria Gold Commodities will display daily gold rates outside its office. This will enable customers and investors to stay updated on the latest prices and make informed decisions. By providing this information, the company aims to empower individuals and promote a more inclusive gold trading environment.
The launch of Pakistan’s first online gold trading company is a testament to the country’s growing economy and its increasing integration into the global financial market. This milestone not only opens up new opportunities for investors but also positions Pakistan as a key player in the gold trading sector.
With the support of the SECP and PMEX, Zakaria Gold Commodities is poised to reshape the gold market in Pakistan. By offering a reliable and transparent platform for trading, the company aims to attract a wide range of investors, from individuals looking to secure their savings to institutional players seeking to diversify their portfolios.
As Pakistan’s first formal company for online and physical gold trading, Zakaria Gold Commodities is paving the way for a more accessible and secure gold market. By bringing transparency and stability to the industry, this initiative has the potential to benefit both the economy and the people of Pakistan.
So mark your calendars for January 30, 2024, as the day Pakistan’s gold market takes a giant leap forward. With Zakaria Gold Commodities leading the way, the future of gold trading in Pakistan looks brighter than ever.