Which national interbank rate is used to calculate installment interest for deferred spectrum fee payments in Pakistan?

💡 Explanation:

The Karachi Interbank Offered Rate (KIBOR) is Pakistan's domestic benchmark interest rate for interbank lending. Policy directives specify that the interest on the remaining spectrum fee, payable in installments, is calculated based on the KIBOR offer rate plus a fixed percentage, replacing the previous reliance on LIBOR.