Karachi: The State Bank of Pakistan released its latest Karachi Interbank Offered Rate (KIBOR) figures, indicating slight variations across different tenors. For the 1-week tenor, the bid rate is set at 10.80, and the offer rate at 11.30. The 2-week tenor stands at a bid of 10.79 and an offer of 11.29.
For the 1-month period, the bid rate is 10.76, with an offer of 11.26. The 3-month tenor shows a bid rate of 10.78 and an offer rate of 11.03. The 6-month tenor is posted with a bid rate of 10.79 and an offer of 11.04.
In the 9-month category, both the bid and offer rates mirror the 1-month figures at 10.76 and 11.26, respectively. The 1-year tenor concludes the list with a bid rate of 10.77 and an offer rate of 11.27.
These rates are essential benchmarks for commercial banks when determining lending rates and are closely monitored by financial analysts. The State Bank of Pakistan regularly updates these figures to reflect market conditions.
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