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KIBOR is Karachi inter bank offered rate at which commercial banks charge each other while giving and getting loans among each other.
This rate is very beneficial because it utilizes excess amounts of cash/liquid assets that some banks have in excess.
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It is Karachi Inter Bank Offer Rate (KIBOR), given by specialized institution on daily, weekly, monthly and on 1, 2 and 3 yearly basis to all the commercial banks of Pakistan so that they charge interest to their customers on that basis. This rate is inflation adjusted rate and then banks by adding 2 or 3% in KIBOR rate charge their customers for their profit.
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What is the main purpose of a guitar?
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