Financial Market Association of Pakistan

NIFT has designed and established web based portal for determining and disseminating live data for Financial Market Association of Pakistan (FMAP). This portal determines and provides the daily calculation of KIBOR (Karachi Inter Bank Offered Rate), KONIA (Karachi Interbank Overnight Swap Rate), PKRV (Pakistan Revaluation Rate) and SKUK (Government of Pakistan Islamic Bond) to Reuters and Bloomberg who distribute NIFT's results to all stake holders. All work is done electronically (through web) in a secured manner. This facilitation has been established in 2011.