Karachi Inter Bank Offered Rate

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Karachi Inter Bank Offered Rate

Commonly called KIBOR. The average interest rate that prime banks in Pakistan offer for term deposits.
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This interest rate is not directly connected to the interest rates that banks levy on their borrowers, but it is very closely linked with the Karachi Interbank Offer Rate (Kibor), which is used in a majority of lending contracts as the benchmark interest rate.

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