[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
|
5.71
|
6.21
|
|
2 – Week
|
5.75
|
6.25
|
|
1 – Month
|
5.78
|
6.28
|
|
3 – Month
|
5.91
|
6.16
|
|
6 – Month
|
5.94
|
6.19
|
|
9 – Month
|
5.97
|
6.47
|
|
1 – Year
|
5.97
|
6.47
|
|
2 – Year
|
6.16
|
6.66
|
|
3- Year
|
6.41
|
6.91
|