The Karachi Interbank Offered Rate (KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market.
[2] It is also known as the benchmark rate and is published by Financial Market Association of Pakistan.
[2] Karachi Interbank Offered Rate (KIBOR) was first introduced in September 2001.
[3][4] In February 2004, KIBOR became the benchmark rate for corporate lending in Pakistan.
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