National agricultural spot market proposed by SECP chief
SECP chairman Dr Kabir Ahmed Sidhu said the national agricultural spot market would use electronic warehouse receipts so farmers can seek bank finance against stored produce.
SECP Chairman Dr Kabir Ahmed Sidhu proposed a national agricultural spot market on a common digital trading platform.
The market would link farmers, warehouses, banks and buyers, using standard grading and transparent bidding.
Electronic warehouse receipts would let farmers seek bank financing against produce stored in approved warehouses.
The market would initially cover wheat, rice, maize, cotton and sugar, with crops added in phases.
The sources describe a proposal only, with no timeline or launch date.