Karachi, September 16, 2025 – The State Bank of Pakistan (SBP) has released the latest Karachi Interbank Offered Rates (KIBOR) for Tuesday, September 16, 2025.
These benchmark rates are widely used by banks and financial institutions to determine the lending cost for short-term and long-term financing across different tenors.
A comparison with Monday’s rates highlights slight variations, reflecting the daily shifts in the money market. The KIBOR rates are crucial indicators of liquidity, credit demand, and overall economic activity in the country. Businesses, particularly those engaged in borrowing for working capital, carefully monitor such changes.
The following tables provide a side-by-side look at the rates issued for September 16 and September 15:
Tuesday, September 16, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.80 | 11.30 |
| 2 – Week | 10.79 | 11.29 |
| 1 – Month | 10.79 | 11.29 |
| 3 – Month | 10.80 | 11.05 |
| 6 – Month | 10.81 | 11.06 |
| 9 – Month | 10.79 | 11.29 |
| 1 – Year | 10.81 | 11.31 |
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 |
The updated KIBOR indicates marginal upward adjustments in shorter tenors, while longer maturities have remained relatively steady. Analysts note that such changes mirror liquidity management strategies by banks and evolving market expectations.