Managing director of Pakistan's National Commodity Exchange
(NCEL), Assim Jang, expects the operation to see growth on a
par with Indian markets in recent years. While NCEL was still
awaiting an official launch date as FO Week went to
press, he said trading is expected to start in the near future
after a string of regulatory hold-ups.
"NCEL does not expect to trade in as large a number of
commodities as the Indian exchanges, but it does expect to
follow similar growth pattern to the Indian counterparts in
those commodity futures contracts that will be made available
for trading," Jang told FO Week.
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