Karachi, January 16, 2026 – The State Bank of Pakistan (SBP) has released the latest Karachi Interbank Offered Rates (KIBOR) for Friday, providing an important benchmark for banks, businesses, and consumers involved in lending and borrowing activities.
KIBOR serves as the reference rate at which banks lend to one another and plays a key role in determining interest rates for corporate loans, consumer financing, and other financial products. The newly issued rates show marginal changes across most tenors compared to the previous trading day, reflecting stable conditions in the interbank money market.
According to SBP data, short-term KIBOR rates remained largely steady, while slight downward adjustments were seen in some medium- and long-term tenors. Market participants continue to closely watch KIBOR movements amid expectations surrounding future monetary policy decisions.
Below are the KIBOR rates for January 16, 2026, along with a comparison to January 15, 2026, to highlight day-on-day changes:
KIBOR Rates – January 16, 2026
| Tenor | Bid (%) | Offer (%) |
| 1 Week | 10.23 | 10.73 |
| 2 Week | 10.20 | 10.70 |
| 1 Month | 10.09 | 10.59 |
| 3 Month | 10.08 | 10.33 |
| 6 Month | 10.08 | 10.33 |
| 9 Month | 10.04 | 10.54 |
| 1 Year | 10.03 | 10.53 |
KIBOR Rates – January 15, 2026
| Tenor | Bid (%) | Offer (%) |
| 1 Week | 10.21 | 10.71 |
| 2 Week | 10.19 | 10.69 |
| 1 Month | 10.11 | 10.61 |
| 3 Month | 10.11 | 10.36 |
| 6 Month | 10.10 | 10.35 |
| 9 Month | 10.06 | 10.56 |
| 1 Year | 10.05 | 10.55 |
SBP clarified that KIBOR rates are indicative and may vary slightly among banks. These rates provide valuable guidance for financial planning and lending decisions across Pakistan’s banking sector.