Karachi Inter Bank Offered Rate

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 is because the benchmark Karachi Inter Bank Offered Rate (Kibor) for six months is 9.56 per cent.
Its immediate impact: the six-month benchmark Karachi Inter Bank Offered Rate goes up from 12.16 to 12.76 percent.
As against the 150 basis point raise in DR in fiscal year-2011, the six-month benchmark Kibor (Karachi Inter Bank Offered Rate) and WALR also rose by 143 basis points.

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