Karachi, August 18, 2025 – The State Bank of Pakistan (SBP) on Monday released the updated Karachi Interbank Offered Rates (KIBOR) applicable for August 18, 2025.
The announcement provides financial institutions and market participants with the benchmark rates used for lending and borrowing in the interbank market.
According to the notification, the KIBOR showed slight variations compared to the previous business day, August 15, 2025, as August 16 and 17 were weekly holidays. These daily updates by the SBP serve as a critical guide for commercial banks, corporate borrowers, and financial analysts in assessing short-term and long-term financing costs.
A close comparison highlights marginal adjustments, particularly in the short-term tenors. For instance, the 1-Week KIBOR bid slipped from 10.87% on August 15 to 10.86% on August 18, while the offer rate eased from 11.37% to 11.36%. Similarly, the 1-Month KIBOR recorded a downward adjustment, reflecting the market’s response to liquidity conditions.
Such updates from the SBP ensure transparency in the financial system and help in maintaining stability in the money market. Analysts closely monitor these movements, as KIBOR rates influence not only interbank lending but also loan pricing for businesses and consumers.
KIBOR Rates – August 18, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.86 | 11.36 |
| 2 – Week | 10.84 | 11.34 |
| 1 – Month | 10.80 | 11.30 |
| 3 – Month | 10.81 | 11.06 |
| 6 – Month | 10.80 | 11.05 |
| 9 – Month | 10.75 | 11.25 |
| 1 – Year | 10.75 | 11.25 |
KIBOR Rates – August 15, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.87 | 11.37 |
| 2 – Week | 10.84 | 11.34 |
| 1 – Month | 10.81 | 11.31 |
| 3 – Month | 10.81 | 11.06 |
| 6 – Month | 10.80 | 11.05 |
| 9 – Month | 10.76 | 11.26 |
| 1 – Year | 10.76 | 11.26 |