Pakistan’s First Electronic Warehouse Receipt (EWR) for Sugar with Digital Payments – Transforming Agri-Financing

Digitt+is pleased to announce amajor milestonein Pakistan’s agricultural and financial sectors.AFT, in collaboration withNaymat Collateral Management Company, is launching the country’s first-ever Electronic Warehouse Receipt (EWR) for sugar, integrated with digital payments. This initiative willempower farmers with access to formal financing, allowing them to secure up to70% of their stock’s valuewithout the need for immediate sales. With Pakistan’s sugar sector producing over 7 million tons annually, this innovation will unlock liquidity, ensuring financial stability for thousands of farmers. By integratingdigital payments, the financing process will beseamless, transparent, and highly efficient. Farmers will receive fundsdirectly into their digital wallets, eliminating delays and reducing reliance on traditional cash-based transactions. This shift toward asecure and digital-first financial ecosystemwill not only enhance financial inclusion but also modernize Pakistan’s agri-financing landscape. Shakib, CEO of Naymat Collateral Management Company,emphasized the significance of this launch:“Educating farmers on digital warehouse receipts is key to adoption, ensuring trust and awareness. Developing a fair formula for converting sugarcane value to refined sugar requires collaboration among stakeholders. By fostering transparency and aligning interests, we can create a system that benefits farmers, millers, and financial institutions while strengthening the industry.” Ahmed Saleemi, CEO of Digitt+,highlighted the role ofdigital payments in transformingthe sector:“Bringing digital payments into the warehouse receipt system is a crucial step for Pakistan’s farmers. By enabling instant fund disbursement intodigital wallets, we are not just simplifying transactions but also fostering financial inclusion at scale. This initiative paves the way for a more efficient and financially inclusive agricultural ecosystem.” This initiative reflectsa broader movement towarddigitizing Pakistan’s agriculturalsector, making financial services moreaccessible, efficient, and farmer-friendly. By combiningtechnology, secure financing, and seamless digital transactions, we are drivinga new era of financial empowerment for farmers, ensuring astronger and more resilient agricultural economy.