Banks offer below-KIBOR financing D_Trends
KARACHI: Several banks are offering new financing to businesses at rates below the Karachi Inter-Bank Offered Rate (KIBOR), as the benchmark six-month KIBORrepresenting the interest rate at which banks lend to each otherdropped by 63 basis points, reaching a 19-month low of 17.94% on Thursday. Speaking to The Express Tribune, Saad Hanif, Head of Research … Read more