February 25, 2003	Tuesday	Zul Hijjah 23, 1423

LAHORE, Feb 24: Pakistan’s first ever commodity exchange is expected to get functional during the month of May.

“The exchange will start its operations initially with one commodity i.e. gold, to be followed by other commodities in near future,” Director of the Commodity Exchange and Chief Executive Officer of Lahore Stock Exchange (LSE), Samir Ahmad told APP here Monday.

The Commodity Exchange being set up with a paid-up capital of Rs50 million, has 40 per cent shares of Karachi Stock Exchange (KSE) and 10 per cent shares of Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE) each.

Samir Ahmad said that the rules and regulations of the upcoming exchange were being finalized.

“Being an electronic exchange, it will provide equal- access opportunities to all the 250 members across the country,” he said.—APP