Karachi, November 12, 2025 – The State Bank of Pakistan (SBP) released the latest Karachi Interbank Offered Rates (KIBOR) for Wednesday, indicating only nominal changes compared to the previous day’s rates.
The KIBOR, a key benchmark used by commercial banks to set lending and deposit rates, remained largely stable across most tenors. Analysts note that this minor movement reflects market stability and steady liquidity conditions in the interbank market.
Below are the daily KIBOR rates issued by the SBP:
Wednesday, November 12, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.88 | 11.38 |
| 2 – Week | 10.88 | 11.38 |
| 1 – Month | 10.89 | 11.39 |
| 3 – Month | 10.91 | 11.16 |
| 6 – Month | 10.94 | 11.19 |
| 9 – Month | 10.95 | 11.45 |
| 1 – Year | 10.98 | 11.48 |
Tuesday, November 11, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.89 | 11.39 |
| 2 – Week | 10.89 | 11.39 |
| 1 – Month | 10.89 | 11.39 |
| 3 – Month | 10.92 | 11.17 |
| 6 – Month | 10.94 | 11.19 |
| 9 – Month | 10.95 | 11.45 |
| 1 – Year | 10.98 | 11.48 |
Market experts said the stability in short-term interbank rates suggests that banks are maintaining balanced liquidity levels, while no major monetary policy changes are expected in the immediate term.
The KIBOR serves as an essential reference for corporate lending, financing contracts, and investment instruments, influencing loan pricing and interest rate benchmarks across Pakistan’s financial system.