Karachi, November 17, 2025 – The State Bank of Pakistan (SBP) released the updated Karachi Interbank Offered Rates (KIBOR) for Monday, providing financial institutions, corporate borrowers and banking customers with the latest benchmark rates used for lending and financing across the country.
KIBOR plays a key role in Pakistan’s financial system, serving as a reference rate for a wide range of commercial loans, including corporate financing, trade facilities and short-term liquidity arrangements. Even minor fluctuations in these rates can influence borrowing costs for businesses and impact overall market liquidity.
According to the SBP’s latest data, most tenors for November 17, 2025, remained largely stable compared with the previous update on November 14. Slight decreases were noted in a few categories, particularly in the 1-Week and 6-Month bids, reflecting mild adjustments in interbank market expectations. The year-on-year rates, however, remained unchanged, indicating overall stability in long-term interbank lending conditions.
Below are the updated KIBOR rates for Monday, followed by the comparison with Friday’s rates:
KIBOR Rates – Monday, November 17, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.87 | 11.37 |
| 2 – Week | 10.87 | 11.37 |
| 1 – Month | 10.89 | 11.39 |
| 3 – Month | 10.90 | 11.15 |
| 6 – Month | 10.93 | 11.18 |
| 9 – Month | 10.95 | 11.45 |
| 1 – Year | 10.97 | 11.47 |
KIBOR Rates – Friday, November 14, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.88 | 11.38 |
| 2 – Week | 10.87 | 11.37 |
| 1 – Month | 10.89 | 11.39 |
| 3 – Month | 10.90 | 11.15 |
| 6 – Month | 10.94 | 11.19 |
| 9 – Month | 10.96 | 11.46 |
| 1 – Year | 10.97 | 11.47 |
The SBP noted that these indicative rates are compiled based on quotes submitted by various commercial banks and are used widely by market participants to structure lending products and financial contracts.