Karachi: The State Bank of Pakistan has announced the latest Karachi Interbank Offered Rates (KIBOR), setting benchmarks for various tenors. The rates reveal minor fluctuations across different durations, with the one-week and two-week tenors both standing at a bid rate of 10.32% and an offer rate of 10.82%.

According to State Bank of Pakistan, the one-month tenor is slightly lower with a bid rate of 10.30% and an offer rate of 10.80%. The rates for three-month and six-month tenors are 10.34% and 10.36% for bids, and 10.59% and 10.61% for offers, respectively. The nine-month tenor shows a bid rate of 10.35% and an offer rate of 10.85%. The one-year tenor is set at a bid rate of 10.37% and an offer rate of 10.87%. These rates are effective as of the latest update and are crucial for financial institutions in setting lending and borrowing benchmarks.