AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The State Bank of Pakistan released the latest figures for the Karachi Interbank Offered Rate (KIBOR), reflecting slight adjustments across various tenors. The rates, which serve as a benchmark for lending in the financial sector, exhibit minor variances in both bid and offer figures when compared to previous reports.
The one-week tenor saw a bid rate of 10.93 and an offer rate of 11.43. In contrast, the two-week tenor presented a bid rate of 10.89 and an offer rate of 11.39, slightly lower than the one-week rate.
For the one-month period, the bid rate was reported at 10.84, with the offer rate reaching 11.34. The three-month tenor displayed a bid rate of 10.82 and an offer rate of 11.07, showing a modest decrease in comparison to the shorter tenors.
The six-month tenor recorded a bid rate of 10.78, and the offer rate was set at 11.03. Meanwhile, the nine-month period had a bid rate of 10.71 and an offer rate of 11.21.
The one-year tenor showed the lowest bid rate among all periods at 10.69, with an offer rate of 11.19.
These rates, as provided by the State Bank of Pakistan, play a crucial role in determining the cost of borrowing for commercial banks and ultimately affect the broader economy.