Karachi, November 4, 2025 – The State Bank of Pakistan (SBP) on Tuesday released the latest Karachi Interbank Offered Rates (KIBOR) to guide commercial banks and financial institutions in determining lending and borrowing costs.
These daily KIBOR updates are essential benchmarks for setting interest rates on corporate loans, trade financing, and other financial instruments across Pakistan’s banking sector.
Following are the KIBOR rates issued for Tuesday, November 4, 2025:
| Tenor | Bid | Offer |
| 1-Week | 10.88 | 11.38 |
| 2-Week | 10.88 | 11.38 |
| 1-Month | 10.89 | 11.39 |
| 3-Month | 10.92 | 11.17 |
| 6-Month | 10.93 | 11.18 |
| 9-Month | 10.93 | 11.43 |
| 1-Year | 10.95 | 11.45 |
For comparison, the KIBOR rates on Monday, November 3, 2025, were slightly lower in some tenors, with the 1-Year Offer Rate recorded at 11.44.
The KIBOR represents the average interest rate at which banks are willing to lend unsecured funds to one another in the interbank market. It serves as a critical financial indicator, influencing loan agreements, profit-sharing ratios for Islamic banking, and pricing of financial derivatives.
According to financial experts, the stability of KIBOR reflects market confidence in liquidity conditions and monetary policy. Businesses and investors closely monitor these rates to assess borrowing costs and future interest rate expectations in Pakistan’s evolving financial landscape.
Market analysts noted that any future shift in KIBOR rates will likely depend on inflation trends, monetary policy decisions, and liquidity conditions.