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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3m, including the Karachi Inter-Bank Offer Rate (Kibor).
In an announcement the central bank said that it had been decided that the financing provided on the basis of participatory 'Musharaka' and 'Mudaraba' and 'Wakalah' (agency) modes by the Islamic banking institutions shall be exempted from the requirement of using Karachi inter-bank offer rate (Kibor), as the benchmark rate.

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