Zakriya Gold Commodities Private Limited is a new and pioneer online platform for digital gold trading It’s going to revolutionize the gold market in Pakistan, Iit got approval from the Securities and Exchange Commission of Pakistan (SECP). Breaking the traditional norms, this company will facilitate both online and physical transactions, aiming to provide a transparent experience for buyers and sellers.
Industry insiders believe that the introduction of an online and physical gold trading platform will introduce a sense of stability to gold prices. Additionally, it is expected to act as a deterrent to speculation and illicit practices such as black marketing within the gold market, which have been persistent issues in the country.
People can expect a unique touch in the way of gold marketing of organization. The company plans to show the daily gold rates on a big screen outside its headquarters. This innovative approach is introduced to bring in a new era where gold trading is more open and easy for everyone to understand.
The inaugural ceremony, scheduled for Tuesday, January 30, 2024, will be graced by the esteemed presence of Dr. Bu Abdullah, Chairman of the renowned Bu Abdullah Group from the United Arab Emirates (UAE). This event promises to be a significant milestone in the economic landscape of Pakistan, with high-ranking officials from the Federal Board of Revenue (FBR), Customs, as well as representatives from the Federal Investigation Agency (FIA) and other influential business figures attending..
With recent increases in gold prices and worries about speculation and illegal market activities, the government has taken proactive steps, supported by agencies like the FIA, FBR, and law enforcement. They have cracked down on those involved in speculating and illegally influencing gold prices in the local market. This action sets the foundation for a more functional and secure environment in the gold market.
Hence, with the formal approval from the SECP and Pakistan Mercantile Exchange Limited (PMEX), the upcoming launch of Zakriya Gold Commodities is set to establish a new gold trading trend.It aims not only to transform how gold is traded but also to stop speculation and eliminate the illegal black market for gold in Pakistan.
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