Karachi, July 28, 2025 – The State Bank of Pakistan (SBP) on Monday released the latest Karachi Interbank Offered Rates (KIBOR), reflecting interbank borrowing costs quoted by financial institutions for various tenors. The KIBOR is a key benchmark rate used for lending and borrowing among banks and plays a crucial role in pricing corporate and consumer loans in Pakistan.
According to the SBP, the KIBOR rates for July 28, 2025, showed a marginal decline across most tenors compared to the previous session held on Friday, July 25, 2025. The downward movement in rates signals expectations of monetary policy easing or improved interbank liquidity.
KIBOR Rates – July 28, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.76% | 11.26% |
| 2-Week | 10.66% | 11.16% |
| 1-Month | 10.61% | 11.11% |
| 3-Month | 10.61% | 10.86% |
| 6-Month | 10.59% | 10.84% |
| 9-Month | 10.56% | 11.06% |
| 1-Year | 10.54% | 11.04% |
KIBOR Rates – July 25, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.84% | 11.34% |
| 2-Week | 10.73% | 11.23% |
| 1-Month | 10.66% | 11.16% |
| 3-Month | 10.62% | 10.87% |
| 6-Month | 10.61% | 10.86% |
| 9-Month | 10.57% | 11.07% |
| 1-Year | 10.56% | 11.06% |
The SBP regularly monitors and publishes KIBOR to ensure transparency in the interbank lending market. These rates are essential for evaluating short-term borrowing costs and serve as indicators for prevailing monetary conditions in the country. The movement in KIBOR reflects broader trends in market liquidity, interest rate expectations, and central bank policy direction.