Gold-based investment introduced

our correspondentFriday, March 29, 2013 
From Print Edition

KARACHI: Pakistan Mercantile Exchange Limited (PMEX) and Tameer Microfinance Bank Limited (TMFB) signed a memorandum of understanding (MoU) to introduce a gold-based investment product.

PMEX and TMFB have developed an understanding that the later would introduce and provide e-Gold products through the trading platform of PMEX and easypaisa to its customers across the country, a statement said.

The investors would be able to buy / sell gold through TMFB branches / agents and branchless banking channels using their mobile accounts (M-Wallet) through the trading platform of PMEX, it said.

The lot size for investment in gold will also be small around 0.001 tola, which will make it conducive for a large population to invest in gold.

thenews.com.pk