KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on November 3, 2023.
Following are the latest KIBOR rates:
| Tenor | Bid | Offer |
| 1 – Week | 21.68 | 22.18 |
| 2 – Week | 21.59 | 22.09 |
| 1 – Month | 21.51 | 22.01 |
| 3 – Month | 21.41 | 21.66 |
| 6 – Month | 21.44 | 21.69 |
| 9 – Month | 21.50 | 22.00 |
| 1 – Year | 21.52 | 22.02 |
The Karachi Interbank Offered Rate (KIBOR) is Pakistan’s benchmark interest rate used by commercial banks to price a wide range of floating-rate financial products, including corporate loans, trade finance facilities, and working capital financing.
It reflects the average rates at which banks are willing to lend unsecured funds to one another in the interbank market for various maturities. KIBOR is closely watched by businesses, financial institutions, and investors because it serves as an important indicator of liquidity conditions and the State Bank of Pakistan’s monetary policy stance.
Changes in KIBOR directly influence borrowing costs, financing decisions, and investment returns across the economy. Higher KIBOR levels generally increase the cost of credit, while lower rates encourage borrowing and business expansion. Analysts also monitor KIBOR trends to assess inflation expectations, credit demand, and the likely direction of future interest rates, making it one of the most important benchmarks in Pakistan’s financial markets.