Karachi, February 26, 2026 – The State Bank of Pakistan (SBP) has released the daily Karachi Interbank Offered Rates (KIBOR) for Thursday, February 26, 2026, to facilitate banking institutions, corporate borrowers, and consumers in pricing loans and other financial instruments.
KIBOR serves as a key benchmark interest rate for lending in Pakistan and reflects the average rate at which banks are willing to lend unsecured funds to one another in the interbank market. The rates are issued for multiple tenors, ranging from one week to one year, and are widely used for pricing corporate loans, consumer financing, and Islamic banking products.
According to the SBP, KIBOR rates on February 26, 2026, remained largely stable compared to the previous trading day, with only marginal changes observed in select tenors. This stability indicates a balanced liquidity position in the interbank market amid ongoing monetary policy measures.
Below are the latest KIBOR rates issued by the SBP, along with a comparison against the rates recorded on February 25, 2026.
KIBOR Rates – February 26, 2026
| Tenor | Bid (%) | Offer (%) |
| 1 – Week | 10.29 | 10.79 |
| 2 – Week | 10.29 | 10.79 |
| 1 – Month | 10.28 | 10.78 |
| 3 – Month | 10.33 | 10.58 |
| 6 – Month | 10.35 | 10.60 |
| 9 – Month | 10.36 | 10.86 |
| 1 – Year | 10.37 | 10.87 |
KIBOR Rates – February 25, 2026
| Tenor | Bid (%) | Offer (%) |
| 1 – Week | 10.29 | 10.79 |
| 2 – Week | 10.29 | 10.79 |
| 1 – Month | 10.28 | 10.78 |
| 3 – Month | 10.32 | 10.57 |
| 6 – Month | 10.34 | 10.59 |
| 9 – Month | 10.34 | 10.84 |
| 1 – Year | 10.36 | 10.86 |
Market Insight
The slight uptick in mid- to long-term tenors suggests cautious sentiment in the interbank market, reflecting expectations around inflation, monetary policy direction, and liquidity conditions. Financial institutions and corporate borrowers closely monitor daily KIBOR movements to assess borrowing costs and manage interest rate risk effectively.