Kibor stands for Karachi Inter Bank Offer Rate. It is issued by specific administrations to all the commercial banks of Pakistan. All banks charge interest to the regulars according to kibor. The kibor is price rises accustomed and banks increase 2 to 3% in kibor and charge the regulars for their turnover.

It was introduced in 2001 by SBP (State bank of Pakistan). Its scope and application was extended in 2014. After conference with the Pakistan Banks Association, SBP has announced kibor as a reference rate for corporate loaning to make interest charges more market driven. All banks had their own interest rates before the introduction of kibor. Kibor is calculated under the accountability of PBA (Pakistan Banks Association), FMA (Financial Markets Association), SBP (State Bank of Pakistan).

Kibor support to keep safe from market threat. It facilitates regulars to pay adjustable interest. Its rate is issued on 11:30 am everyday on SBP, FMA websites.