Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rates (KIBOR), showing consistent figures across various tenors despite economic challenges. The rates serve as a benchmark for lending and borrowing between banks, influencing broader financial markets.

According to the data, the bid and offer rates for the 1-week tenor are 10.83 and 11.33, respectively. The 2-week tenor shows a slight increase, with bid and offer rates at 10.86 and 11.36.

A marginal increase is observed in the 1-month tenor, with a bid rate of 10.88 and an offer rate of 11.38. Meanwhile, the 3-month tenor registers bid and offer rates of 10.96 and 11.21.

The 6-month tenor sees a bid rate of 10.95 with an offer rate of 11.20. The 9-month and 1-year tenors both display bid rates of 10.90 and offer rates of 11.40.

The KIBOR rates are closely watched by financial analysts and institutions, as they can reflect underlying economic conditions and monetary policy directions.