The full form of Kibor is Karachi Interbank Offered Rate.
KIBOR represents the average interest rate at which banks in Karachi are willing to lend funds to one another in the interbank market. These rates are quoted by banks at a specific time (11:30 AM) and are available on Reuters. The KIBOR rates are typically used as a benchmark rate for various lending and borrowing transactions in Pakistan. It serves as an indicator of the overall liquidity and credit conditions in the country's financial system.
