About this document
Understanding KIBOR: Definition & Rates by mateenyunas is a document available to read on EtoBox.
KIBOR is the Karachi Interbank Offered Rate, which is the average interest rate at which banks in Pakistan lend to one another. It was introduced in 2001 to promote transparency in interbank lending rates. KIBOR is calculated daily based on rates submitted by 20 major banks and published by the Financial Markets Association of Pakistan. It serves as a benchmark for pricing various financial instruments in Pakistan, including corporate loans, and is influenced by factors like inflation and the country
- Author
- mateenyunas
- Language
- EN