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KIBOR is stand for "The Karachi inter-bank offered rate" which is used by the banks in order to lend the money with each others and with their customers. This is the minimum interest rate (inflation adjusted) which the banks have to charge from their customers.
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What means kibor rate?
It stands for Karachi Inter-Bank Offer Rate.
What is KIBOR rate in Pakistan?
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.
How kibor is calculated?
KIBOR means Karachi interbank Offer rate and it is calculated by State bank of Pakistan on daily bases. how SBP calculate it,,, its not a rocket science.......... every morning SBP demands qoutations for lending/borrowing rates of (1-month rates to 3-year rates) from Primary Dealer i.e.(around 20 strong commercial Banks of Pakistan) and these rates are floated on routers,,,,,,,,,,,,, so now what SBP do it eliminates 3 Top qoutes from higher side and 3 bottom qoutes from lower side and take the Average of those 14 or 15 Qoutation in-between................. thats the KIBOR for the DAY. Around 11 A.M every working day it is provided by SBP.
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Mumbai Inter Bank Offer Rate
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