Karachi, December 18, 2025 – The State Bank of Pakistan (SBP) has published the daily Karachi Interbank Offered Rates (KIBOR) for Thursday, December 18, 2025, providing updated benchmark interest rates for banking institutions and financial consumers across Pakistan.
KIBOR rates, which reflect the interest rates at which banks lend to one another, are closely monitored by investors, banks, and corporations for pricing loans, deposits, and other financial instruments. Comparing the rates with Wednesday, December 17, 2025, reveals minor fluctuations across various tenors.
KIBOR Rates – December 18, 2025
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.34 | 10.84 |
| 2-Week | 10.34 | 10.84 |
| 1-Month | 10.35 | 10.85 |
| 3-Month | 10.40 | 10.65 |
| 6-Month | 10.43 | 10.68 |
| 9-Month | 10.46 | 10.96 |
| 1-Year | 10.47 | 10.97 |
KIBOR Rates – December 17, 2025
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.35 | 10.85 |
| 2-Week | 10.34 | 10.84 |
| 1-Month | 10.34 | 10.84 |
| 3-Month | 10.44 | 10.69 |
| 6-Month | 10.48 | 10.73 |
| 9-Month | 10.55 | 11.05 |
| 1-Year | 10.56 | 11.06 |
The daily KIBOR update shows slight declines in short-term and mid-term rates, while longer tenors such as 9-Month and 1-Year also experienced marginal drops. Analysts note that such minor adjustments often reflect liquidity changes in the interbank market and short-term monetary policy expectations.
Investors, banks, and financial institutions rely on these rates to make informed decisions about lending, borrowing, and investment strategies. Continuous monitoring of KIBOR rates helps maintain transparency and stability in Pakistan’s financial system.