Karachi: The Karachi Interbank Offered Rate (KIBOR), a key benchmark for lending rates in Pakistan, showed stability across various tenors, with minor fluctuations observed in the bid and offer rates. The rates, which are used as a reference for corporate lending and other financial transactions, remained largely unchanged over the past week.

According to State Bank of Pakistan, the KIBOR for the 1-week and 2-week tenors was reported at a bid rate of 10.29 and an offer rate of 10.79. The 1-month tenor was slightly lower, with a bid rate of 10.28 and an offer rate of 10.78. The 3-month tenor saw a bid rate of 10.32 and an offer rate of 10.57, while the 6-month tenor had a bid rate of 10.34 and an offer rate of 10.59. The 9-month tenor registered a bid rate of 10.33 and an offer rate of 10.83. Finally, the 1-year tenor recorded a bid rate of 10.35 and an offer rate of 10.85.

Financial analysts often monitor KIBOR rates closely as they influence the cost of borrowing for businesses and individuals, impacting economic activity. The stability in these rates suggests a consistent lending environment in the short term, although market participants remain attentive to any potential changes in monetary policy or economic conditions that could affect future rates.