Karachi: The Karachi Interbank Offered Rate (KIBOR), a benchmark for lending rates in Pakistan, has shown incremental adjustments across various tenors, according to the latest data released by the State Bank of Pakistan. The rates, sourced from Refinitiv, offer insights into the short-term borrowing costs for financial institutions.

The 1-week tenor bid rate is listed at 10.82%, while the offer rate stands at 11.32%. The 2-week tenor sees a slight increase with a bid rate of 10.84% and an offer rate of 11.34%.

For the 1-month tenor, the bid rate is recorded at 10.89%, and the offer rate is 11.39%. The 3-month tenor shows a bid rate of 10.92% and an offer rate of 11.17%.

The 6-month and 9-month tenors exhibit bid rates of 10.95% and 10.93%, respectively, with offer rates of 11.20% and 11.43%.

In the case of the 1-year tenor, the bid rate is noted at 10.94%, with the offer rate reaching 11.44%.

These adjustments in KIBOR rates provide a crucial reference for financial institutions in determining lending and borrowing costs.