KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on February 15, 2023.
Following are the latest KIBOR rates:
| Tenor | Bid | Offer |
| 1 – Week | 16.63 | 17.13 |
| 2 – Week | 16.75 | 17.25 |
| 1 – Month | 16.99 | 17.49 |
| 3 – Month | 18.03 | 18.28 |
| 6 – Month | 18.19 | 18.44 |
| 9 – Month | 18.24 | 18.74 |
| 1 – Year | 18.34 | 18.84 |
The latest KIBOR figures reflect the continued tight monetary stance adopted by the State Bank of Pakistan to control inflationary pressures and stabilize the economy. Higher benchmark lending rates generally increase borrowing costs for businesses and consumers, affecting financing decisions across key sectors including manufacturing, construction, and trade.
Financial institutions closely monitor KIBOR movements as these rates serve as a benchmark for corporate lending, consumer financing, and various floating-rate financial products in Pakistan’s banking system. Analysts believe the elevated rates indicate persistent liquidity pressures and expectations of further monetary tightening amid rising inflation and external account challenges. Investors and market participants also use KIBOR trends to gauge future interest rate direction and overall economic conditions.
Any significant change in inflation, foreign exchange reserves, or policy decisions by the central bank could influence upcoming KIBOR levels in the weeks ahead.
Market participants remain cautious amid evolving economic indicators and monetary policy expectations.
