KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on November 8, 2023.

Following are the latest KIBOR rates:

Tenor	Bid	Offer
1 – Week	21.61	22.11
2 – Week	21.59	22.09
1 – Month	21.47	21.97
3 – Month	21.36	21.61
6 – Month	21.46	21.71
9 – Month	21.51	22.01
1 – Year	21.53	22.03

The Karachi Interbank Offered Rate (KIBOR) serves as Pakistan’s benchmark interest rate for lending between commercial banks and is widely used as a reference for pricing corporate loans, trade finance facilities, and other floating-rate financial products. It reflects prevailing liquidity conditions in the banking sector and market expectations regarding future interest rates. Businesses, financial institutions, and investors closely monitor KIBOR because changes in the benchmark directly affect borrowing costs, financing decisions, and investment returns. An increase in KIBOR generally leads to higher financing costs for businesses and consumers, while a decline can make borrowing more affordable and support economic activity. The benchmark is also considered an important indicator of the State Bank of Pakistan’s monetary policy stance, inflation outlook, and overall financial market conditions. Analysts use KIBOR trends to assess credit demand, liquidity management, and the likely direction of interest rates in Pakistan’s economy.