The MOU has been signed to increase collaboration, cooperation and interaction for exploring and evaluating any opportunity arising out of the need of modern and efficient warehousing systems especially for the Agri-Food related products and the new Electronic Warehouse Receipt (EWR) regime under Collateral Management Companies Regulations 2019 issued by Security & Exchange Commission of Pakistan (SECP) together.
The purpose of this MOU is to confirm the intention of the Parties to undertake collective and / or independent due diligence of the prospects of creating a business opportunity with respect to various independent roles of each party interest, including warehouse investment, warehouse operations & collateral management and warehouse accreditation & repository management with a view to benefiting from each other’s initiatives and working procedures and to support collaboration amongst the Parties.