KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on November 6, 2023.
Following are the latest KIBOR rates:
| Tenor | Bid | Offer |
| 1 – Week | 21.61 | 22.11 |
| 2 – Week | 21.61 | 22.11 |
| 1 – Month | 21.49 | 21.99 |
| 3 – Month | 21.38 | 21.63 |
| 6 – Month | 21.44 | 21.69 |
| 9 – Month | 21.52 | 22.02 |
| 1 – Year | 21.55 | 22.05 |
The Karachi Interbank Offered Rate (KIBOR) is the benchmark interest rate used by Pakistan’s banking sector for lending between commercial banks and for pricing a wide range of floating-rate financial products.
It serves as a key reference for corporate financing, trade finance facilities, and other variable-rate loans. KIBOR reflects prevailing liquidity conditions in the interbank market and market expectations regarding the State Bank of Pakistan’s monetary policy. Businesses, financial institutions, and investors closely monitor KIBOR movements because they directly affect borrowing costs, financing decisions, and investment returns.
Higher KIBOR levels generally increase the cost of obtaining credit for businesses and consumers, while lower rates can support lending and economic growth. The benchmark also provides valuable insight into inflation expectations, short-term interest rate trends, and overall financial market conditions. Economists and market participants use KIBOR as an important indicator when assessing monetary policy direction and Pakistan’s broader economic outlook.