Upcoming Product

It is Karachi Inter Bank Offer Rate (KIBOR), given by specialized institution on daily, weekly, monthly and on 1, 2 and 3 yearly basis to all the commercial banks of Pakistan so that they charge interest to their customers on that basis. This rate is inflation adjusted rate and then banks by adding 2 or 3% in KIBOR rate charge their customers for their profit.
Pakistan Mercantile Exchange will offer 3-Month KIBOR Futures Contracts available for delivery in the Twelve Quarterly expiries in the Mar, Jun, Sep, Dec cycle covering a period of three years.