Karachi, December 24, 2025 – The State Bank of Pakistan (SBP) on Wednesday released the latest Karachi Interbank Offered Rates (KIBOR), providing an important benchmark for banks, businesses, and consumers across the country. KIBOR rates are widely used to price loans, mortgages, and other financial products, making their daily update a key indicator of prevailing money market conditions.
According to the central bank, the KIBOR rates for December 24, 2025, showed a marginal decline across most short- and medium-term tenors compared to the previous day. The slight easing reflects stable liquidity conditions in the interbank market, while longer-term rates largely remained unchanged, signaling expectations of steady monetary policy in the near term.
KIBOR serves as the average interest rate at which banks are willing to lend unsecured funds to one another and is published daily by the SBP. Changes in these rates directly impact borrowing costs for corporate and retail customers, including working capital loans, auto financing, and housing finance.
Below are the updated KIBOR rates for December 24, 2025, along with a comparison to the rates recorded on December 23, 2025.
KIBOR Rates – December 24, 2025
| Tenor | Bid (%) | Offer (%) |
| 1 Week | 10.31 | 10.81 |
| 2 Week | 10.30 | 10.80 |
| 1 Month | 10.31 | 10.81 |
| 3 Month | 10.38 | 10.63 |
| 6 Month | 10.40 | 10.65 |
| 9 Month | 10.43 | 10.93 |
| 1 Year | 10.43 | 10.93 |
KIBOR Rates – December 23, 2025
| Tenor | Bid (%) | Offer (%) |
| 1 Week | 10.32 | 10.82 |
| 2 Week | 10.33 | 10.83 |
| 1 Month | 10.34 | 10.84 |
| 3 Month | 10.39 | 10.64 |
| 6 Month | 10.41 | 10.66 |
| 9 Month | 10.43 | 10.93 |
| 1 Year | 10.44 | 10.94 |
Market participants closely monitor daily KIBOR movements, as they provide insights into interest rate trends and overall financial market stability in Pakistan.