[dropcap]K[/dropcap]ibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency  and improve management of the market risk undertaken by banks.
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KIBOR RATES IN PAKISTAN
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|---|---|---|
|
TENOR
|
BID
|
OFFER
|
|
1 – Week
|
5.70
|
6.20
|
|
2 – Week
|
5.74
|
6.24
|
|
1 – Month
|
5.76
|
6.26
|
|
3 – Month
|
5.90
|
6.15
|
|
6 – Month
|
5.91
|
6.16
|
|
9 – Month
|
5.95
|
6.45
|
|
1 – Year
|
5.96
|
6.46
|
|
2 – Year
|
6.07
|
6.57
|
|
3- Year
|
6.24
|
6.74
|