Karachi, December 3, 2025 – The State Bank of Pakistan (SBP) released the latest Karachi Interbank Offered Rates (KIBOR) for Wednesday, providing an updated benchmark for banks, businesses, and financial institutions.
KIBOR serves as a key reference rate for lending and borrowing across the banking sector, making daily updates vital for market transparency and informed financial decision-making.
The SBP’s updated data shows marginal movements across several tenors compared with the previous day, December 2, reflecting the ongoing stability in the interbank market. These rates play a central role in determining the cost of various financing instruments, including corporate loans, working capital lines, and consumer financing benchmarks.
Below is a comparative look at KIBOR rates issued for December 3 and December 2:
KIBOR Rates — December 3, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.83 | 11.33 |
| 2-Week | 10.81 | 11.31 |
| 1-Month | 10.81 | 11.31 |
| 3-Month | 10.84 | 11.09 |
| 6-Month | 10.90 | 11.15 |
| 9-Month | 10.89 | 11.39 |
| 1-Year | 10.90 | 11.40 |
KIBOR Rates — December 2, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.84 | 11.34 |
| 2-Week | 10.82 | 11.32 |
| 1-Month | 10.83 | 11.33 |
| 3-Month | 10.85 | 11.10 |
| 6-Month | 10.91 | 11.16 |
| 9-Month | 10.90 | 11.40 |
| 1-Year | 10.92 | 11.42 |
The minor fluctuations shown in the tables indicate that the interbank market continues to experience stable liquidity conditions. Financial analysts note that consistent KIBOR trends help businesses plan their financing needs more effectively while offering banks a reliable benchmark for pricing loans and credit facilities. As always, the SBP compiles these figures from rate sheets issued by commercial banks to promote transparency and support informed financial activity across the economy.