Karachi: The Karachi Interbank Offered Rate (KIBOR) has shown an upward trend across most tenors, as revealed by the latest data. The State Bank of Pakistan's recent release indicates a marginal escalation in both bid and offer rates for various durations ranging from one week to one year.

According to State Bank of Pakistan, the bid rate for a one-week tenor is now set at 11.89, with the offer rate at 12.39. The two-week tenor reflects a bid rate of 11.90 and an offer rate of 12.40. The one-month tenor sees a bid rate of 11.92 and an offer rate of 12.42.

In the three-month category, the bid rate is recorded at 12.03, with the offer rate at 12.28. For a six-month period, the bid rate is positioned at 12.19, while the offer rate is 12.44. The nine-month tenor presents a bid rate of 12.26 and an offer rate of 12.76. Lastly, the one-year tenor shows a bid rate of 12.30, with an offer rate standing at 12.80.

These changes in KIBOR rates are closely monitored by financial institutions and businesses, as they play a crucial role in determining lending rates in the interbank market.