Karachi, September 22, 2025 – The State Bank of Pakistan (SBP) has released the latest Karachi Interbank Offered Rates (KIBOR) for Monday, providing updated benchmarks for lending and borrowing in the money market.
These rates are closely watched by banks, financial institutions, and businesses, as they serve as a reference point for short-term financing costs.
The newly issued KIBOR shows only slight changes compared to last week, highlighting relative stability in the interbank market. Analysts noted that while the differences are minor, they reflect ongoing liquidity adjustments within the banking system. The movement in KIBOR also indicates how market participants are managing rollover and short-term funding pressures.
Below are the official KIBOR bid and offer rates announced by SBP:
Monday, September 22, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.82 | 11.32 |
| 2 – Week | 10.81 | 11.31 |
| 1 – Month | 10.79 | 11.29 |
| 3 – Month | 10.81 | 11.06 |
| 6 – Month | 10.81 | 11.06 |
| 9 – Month | 10.78 | 11.28 |
| 1 – Year | 10.79 | 11.29 |
Friday, September 19, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.80 | 11.30 |
| 2 – Week | 10.80 | 11.30 |
| 1 – Month | 10.79 | 11.29 |
| 3 – Month | 10.80 | 11.05 |
| 6 – Month | 10.82 | 11.07 |
| 9 – Month | 10.79 | 11.29 |
| 1 – Year | 10.82 | 11.32 |
Experts suggest that market players will continue monitoring KIBOR closely, as even minor shifts can impact loan pricing and corporate borrowing costs.