Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rate (KIBOR) figures, indicating steady lending rates across various tenors with slight variations in the bid and offer rates for short to long-term periods.

The one-week and two-week tenors both maintained bid rates at 10.86% and offer rates at 11.36%. This pattern reflects consistency in the short-term lending market, providing a stable environment for financial institutions.

For the one-month tenor, the bid rate was slightly higher at 10.89% with an offer rate of 11.39%. This marginal increase suggests a slight upward pressure in the short-term borrowing costs.

A similar trend was observed for the three-month tenor, where the bid rate stood at 10.92% and the offer rate at 11.17%. The six-month tenor followed closely, with bid and offer rates at 10.94% and 11.19%, respectively.

The nine-month tenor showed a bid rate of 10.92%, while the offer rate increased to 11.42%. For the one-year tenor, bid rates were consistent at 10.94%, but the offer rate rose to 11.44%, indicating higher long-term borrowing costs.

The KIBOR rates, crucial for determining interest rates on loans and credit facilities, are pivotal for financial planning and investment strategies. The State Bank of Pakistan's release of these rates aids in maintaining transparency and predictability in the financial sector.