AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rate (KIBOR) figures, revealing a marginal uptick in rates across various tenors. The adjustments reflect market expectations and liquidity conditions within the banking sector.
The one-week tenor saw a bid rate of 10.89 and an offer rate of 11.39. The two-week tenor closely followed, with a bid of 10.88 and an offer of 11.38. The one-month tenor recorded a bid rate of 10.91 and an offer rate of 11.41.
In mid-range tenors, the three-month rate stood at a bid of 10.93 and an offer of 11.18, while the six-month rate was slightly higher with a bid of 10.94 and an offer of 11.19.
For longer durations, the nine-month tenor reached a bid rate of 10.93 and an offer of 11.43. The one-year tenor showed the highest rates, with a bid of 10.95 and an offer of 11.45.
These rates are indicative of the prevailing economic conditions and are used by banks to determine the interest rates for various financial products. The KIBOR is a critical benchmark in the country’s financial system, guiding both lending and borrowing activities.