Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rates (KIBOR) data on Tuesday, showing slight fluctuations across various tenors. The rates, which serve as a benchmark for lending and borrowing in the financial sector, have remained relatively stable amid ongoing monetary policies.

The one-week tenor recorded a bid rate of 10.92 and an offer rate of 11.42. The two-week and one-month tenors both stood at a bid rate of 10.86 and an offer rate of 11.36, indicating steady short-term lending conditions.

For the three-month tenor, the bid rate was noted at 10.80, with an offer rate of 11.05. The six-month and nine-month tenors showed bid rates of 10.78 and 10.72, respectively, paired with offer rates of 11.03 and 11.22.

Completing the spectrum, the one-year tenor presented a bid rate of 10.69 and an offer rate of 11.19, reflecting consistency in longer-term borrowing costs.

These rates are a crucial indicator for financial institutions and businesses, as they influence the cost of borrowing and overall economic activity.

The data, sourced from the State Bank of Pakistan, captures the financial climate and provides insight into the country's economic stability.