Karachi, August 21, 2025 – The State Bank of Pakistan (SBP) has released the latest Karachi Interbank Offered Rates (KIBOR) for Thursday, August 21, 2025, providing updated benchmarks for lending and borrowing between financial institutions.
The KIBOR serves as a critical reference point for banks and businesses in determining short-term borrowing costs. It reflects the rates at which banks are willing to lend funds to one another in the interbank market, impacting corporate financing and investment decisions.
According to the SBP data, slight fluctuations were recorded across different tenors compared to the previous day. Below are the detailed KIBOR rates for August 21 and August 20, 2025:
August 21, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.85 | 11.35 |
| 2 – Week | 10.83 | 11.33 |
| 1 – Month | 10.78 | 11.28 |
| 3 – Month | 10.79 | 11.04 |
| 6 – Month | 10.79 | 11.04 |
| 9 – Month | 10.76 | 11.26 |
| 1 – Year | 10.76 | 11.26 |
August 20, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.84 | 11.34 |
| 2 – Week | 10.84 | 11.34 |
| 1 – Month | 10.83 | 11.33 |
| 3 – Month | 10.81 | 11.06 |
| 6 – Month | 10.81 | 11.06 |
| 9 – Month | 10.77 | 11.27 |
| 1 – Year | 10.77 | 11.27 |
These marginal shifts in KIBOR indicate cautious market sentiment, with banks closely monitoring liquidity conditions and potential monetary policy adjustments. Financial analysts suggest that future KIBOR movements may depend on inflation trends, SBP policy decisions, and global economic factors impacting Pakistan’s banking sector.