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COVER STORY

NATIONAL COMMODITY EXCHANGE LIMITED

Jan 13 - 19, 2003   
ISSUE # 02  

The first commodity exchange of Pakistan is expected to commence its operations in March with a single commodity gold. PAGE highlights the introduction of the futures trading on the national economy in general and agriculture and exports in particular. It also discusses what the inbuilt 'price discovery' mechanism would help attract investment and bring price competition and transparency in an unregulated market.

 

 

 

 

COTTON
The current cotton crop, which is still in the process of arrival in the market, despite reduced area of under cultivation, is expected to go well beyond the estimate of 11.2 million bales a year. The ginning sector has, however, expressed its concern over what they called indifferent attitude of the newly elected government towards payment of premium on contamination cotton to the growers as well as the ginners. The ginners are of the view that the present government should honour the policies of the previous ministry of commerce, which had announced incentives for growing quality cotton in the country.

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EQUITIES MARKET
While the equities markets globally are experiencing a down turn, the KSE-100 index as well as daily trading volume are creating new records. A sense of festivity seems to prevail. However, apprehensions are also being expressed about the sustainability of rally.

 

 

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