Monday, 16 May 2011
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Cotton futures may adversely impact textile sector � expert
The recent permission given by the Securities and Exchange Commission of Pakistan (SECP) to the Pakistan Mercantile Exchange Limited (PMEX) for introduction of the futures contract in cotton may negatively impact the textile sector, according to an expert from the Pakistan textile industry. The decision to grant approval to the PMEX was taken unilaterally by the SECP without consulting any
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