Karachi: The Karachi Interbank Offered Rate (KIBOR), a benchmark lending rate for banks, has shown a marginal increase across all tenors, according to the latest figures released. The changes reflect the ongoing adjustments in the financial environment, affecting both short-term and long-term borrowing costs.

According to State Bank of Pakistan, the one-week tenor bid rate has increased to 11.38 percent, with an offer rate at 11.88 percent. The two-week tenor now stands at a bid rate of 11.43 percent and an offer rate of 11.93 percent. The one-month tenor has reached a bid rate of 11.51 percent, with the offer rate at 12.01 percent.

The three-month tenor has a bid rate of 11.78 percent and an offer rate of 12.03 percent. The six-month tenor now presents a bid rate of 11.94 percent and an offer of 12.19 percent. For the nine-month tenor, the bid rate is recorded at 12.05 percent, with the offer rate at 12.55 percent. The one-year tenor has the highest rates, with a bid rate of 12.11 percent and an offer rate of 12.61 percent.

These adjustments in KIBOR rates are crucial for determining loan costs across various sectors, impacting businesses and consumers alike. The figures are closely monitored by financial analysts and industry stakeholders to gauge economic trends and financial stability.