Karachi, September 15, 2025 – The State Bank of Pakistan (SBP) on Monday released the latest Karachi Interbank Offered Rates (KIBOR) for different tenors.
These benchmarks serve as a critical reference point for pricing loans, deposits, and various financial instruments across the banking sector.
The updated data shows a mixed trend when compared with the KIBOR levels of Friday, September 12, 2025. While some tenors recorded minor declines in bid and offer rates, others remained steady, reflecting stability in interbank lending conditions following the SBP’s recent monetary policy decision to maintain the policy rate at 11 percent.
KIBOR Rates – Monday, September 15, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.76 | 11.26 |
| 2-Week | 10.74 | 11.24 |
| 1-Month | 10.74 | 11.24 |
| 3-Month | 10.80 | 11.05 |
| 6-Month | 10.80 | 11.05 |
| 9-Month | 10.77 | 11.27 |
| 1-Year | 10.78 | 11.28 |
KIBOR Rates – Friday, September 12, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.80 | 11.30 |
| 2-Week | 10.75 | 11.25 |
| 1-Month | 10.75 | 11.25 |
| 3-Month | 10.78 | 11.03 |
| 6-Month | 10.79 | 11.04 |
| 9-Month | 10.77 | 11.27 |
| 1-Year | 10.77 | 11.27 |
Market experts said the small variations in KIBOR reflect stable liquidity in the banking system, adding that future movements will depend on credit demand and broader macroeconomic conditions.
Disclaimer: The above KIBOR rates are provided by the SBP for reference only. Actual lending and borrowing rates may vary depending on commercial bank policies and market conditions.