Kibor 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 | ||
|---|---|---|
| TENOR | BID | OFFER |
| 1 – Week | 10.17 | 10.67 |
| 2 – Week | 10.21 | 10.71 |
| 1 – Month | 10.24 | 10.74 |
| 3 – Month | 10.51 | 10.76 |
| 6 – Month | 10.61 | 10.86 |
| 9 – Month | 10.76 | 11.26 |
| 1 – Year | 10.93 | 11.43 |
| 2 – Year | 11.59 | 12.09 |
| 3- Year | 11.97 | 12.47 |