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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Currently, the cost of bank finance even for prime borrowers is at least two percentage points higher than last year as a result of the SBP policy rate hikes, bankers and businessmen say while citing a straight two percentage-point rise in the benchmark Karachi interbank offer rate over one year.
Bank financing in Naya Pakistan
Financing provided on the basis of participatory 'Musharakah' and 'Mudaraba' and 'Wakalah' modes shall be exempt from using the Karachi interbank offer rate (Kibor) as the benchmark.
Pakistan to offer concessions for Islamic banking

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