KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on November 2, 2023.

Following are the latest KIBOR rates:

Tenor	Bid	Offer
1 – Week	21.58	22.08
2 – Week	21.59	22.09
1 – Month	21.53	22.03
3 – Month	21.47	21.72
6 – Month	21.50	21.75
9 – Month	21.52	22.02
1 – Year	21.52	22.02

The Karachi Interbank Offered Rate (KIBOR) is an important benchmark for Pakistan’s banking and financial sector. Commercial banks use KIBOR as a reference when pricing various floating-rate loans, corporate financing facilities, trade finance, and other credit products. The rates are closely watched by businesses, investors, and financial institutions because changes in KIBOR can directly affect borrowing costs and financing decisions.

KIBOR movements also provide an indication of liquidity conditions in the interbank market and expectations about future interest rate trends. Higher benchmark rates generally increase the cost of borrowing for businesses and consumers, while lower rates can support credit growth and economic activity. The State Bank of Pakistan’s monetary policy decisions, inflation expectations, market liquidity, and overall economic conditions can influence KIBOR levels. Financial institutions and market participants therefore monitor daily KIBOR rates to assess financing conditions and make informed lending, borrowing, and investment decisions in Pakistan’s financial markets.