Pakistan's first electronic commodity trading platform - National Commodity Exchange Limited (NCEL) formally starts operation from Friday (today) and gold, as a first commodity will be traded on the board. NCEL is the first commodity exchange of the country set up for the trading of the commodities. In the first phase of trading, gold has been selected, while other commodities including rice, cotton and wheat would be trade later.

NCEL has got 100 percent secure and state-of-the-art data center with biometrics accesses control and fire protection system. Trading at the NCEL would not bring about the price hike in the local market, as it will primarily provide benefits to the consumer.