[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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|---|---|---|
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TENOR
|
BID
|
OFFER
|
|
1 – Week
|
5.70
|
6.20
|
|
2 – Week
|
5.72
|
6.22
|
|
1 – Month
|
5.75
|
6.25
|
|
3 – Month
|
5.89
|
6.14
|
|
6 – Month
|
5.91
|
6.16
|
|
9 – Month
|
5.95
|
6.45
|
|
1 – Year
|
5.97
|
6.47
|
|
2 – Year
|
6.09
|
6.59
|
|
3- Year
|
6.25
|
6.75
|