KARACHI: The Karachi Interbank Offered Rate (KIBOR) has seen an increase across all tenors, with rates ranging from 11.36% to 12.75%, reflecting the current financial market trends. The latest figures show that the 1-week tenor bid is at 11.36% with an offer rate of 11.86%, while the 1-year tenor bid has reached 12.25% with an offer rate of 12.75%.

According to State Bank of Pakistan, the KIBOR rates have been adjusted as follows: the 2-week tenor is now at a bid of 11.39% and an offer of 11.89%, the 1-month tenor stands at 11.43% and 11.93%, and the 3-month tenor has moved to 11.75% and 12.00% for bid and offer, respectively. The 6-month tenor has increased to 12.16% for the bid and 12.41% for the offer, while the 9-month tenor is now at 12.20% for the bid and 12.70% for the offer.

The adjustments in the KIBOR rates provide insight into the ongoing dynamics within the interbank lending market, reflecting lenders' expectations of future monetary policy and liquidity conditions. The changes are closely monitored by financial institutions as a benchmark for setting interest rates on various financial products.