It provides a suitable and common place of business. It provides suitable contract forms for business, e.g. Ready, Specific delivery, Factory Selection, Hedge Contact, Foreign Contacts etc. It regulates admission and timing of business hours. It regulates making, carrying out, and enforcement of settlement of cotton contracts. It adjusts differences by arbitration or otherwise between contracting parties in the cotton trade. It establishes just and equitable principles in the cotton trade and maintain uniformity in control of cotton trade. It makes and adopts standards of classification of cotton of each variety for adjustments of cotton prices for differences in class and staple. It helps to acquire, preserve and disseminate useful information relating to cotton trade. It attempts to find out ways to reduce the risk involved in cotton trading. It has provisions to establish and maintain a Clearing House to facilitate cotton transactions. It fixes and publicizes cotton spot rates and settles deals and rates of contracts and arranges settlement through the Clearing House of the Cotton Exchange. It maintains liaison with Government for protection of the trade interests and works to improve understanding between trade and authorities. It prescribes guide lines for framing of contracts with a view to eliminate temptation and possibility of speculative manipulations. It endeavors to introduce the cotton trade and projects the image of Pakistan cottons in world market. It compares standards of Pakistan cotton with standards of other countries services.