Karachi, November 5, 2025 – The State Bank of Pakistan (SBP) on Wednesday released the updated Karachi Interbank Offered Rates (KIBOR) to guide financial institutions, investors, and corporate borrowers in Pakistan’s money market.
KIBOR serves as a key benchmark for short-term lending between banks and plays a vital role in determining the cost of borrowing for businesses. These daily rates help ensure transparency and consistency across the financial system.
The following tables show the KIBOR rates for Wednesday, November 5, 2025, and a comparison with the previous day’s rates on November 4, 2025:
KIBOR Rates – Wednesday, November 5, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.87 | 11.37 |
| 2 – Week | 10.89 | 11.39 |
| 1 – Month | 10.90 | 11.40 |
| 3 – Month | 10.91 | 11.16 |
| 6 – Month | 10.93 | 11.18 |
| 9 – Month | 10.94 | 11.44 |
| 1 – Year | 10.97 | 11.47 |
KIBOR Rates – 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 |
KIBOR, short for Karachi Interbank Offered Rate, represents the average interest rate at which banks are willing to lend to one another in the interbank market. It serves as a benchmark for pricing corporate loans, financial instruments, and deposits.
While the SBP monitors the market, KIBOR is determined by commercial banks based on prevailing liquidity and monetary conditions. It reflects the cost of funds in the financial system and provides a transparent indicator for credit pricing and monetary policy impact.