Karachi, February 18, 2026 – The State Bank of Pakistan (SBP) on Wednesday released the daily Karachi Interbank Offered Rates (KIBOR) to facilitate banks, financial institutions, businesses, and consumers in assessing prevailing money market trends and short-term lending benchmarks.
KIBOR is a key reference rate used by banks for pricing loans, advances, and other financial products in Pakistan. It reflects the average rates at which banks are willing to lend to each other in the interbank market. The benchmark is published daily by the SBP for various tenors, ranging from one week to one year, helping ensure transparency and stability in the financial system.
According to the latest data, most tenors remained stable on February 18 compared to the previous trading session. However, marginal changes were recorded in the one-month and one-year tenors, indicating slight shifts in short-term liquidity conditions.
Below are the comparative tables of KIBOR rates for February 18 and February 17, 2026:
KIBOR Rates – February 18, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.26 | 10.76 |
| 2-Week | 10.26 | 10.76 |
| 1-Month | 10.26 | 10.76 |
| 3-Month | 10.30 | 10.55 |
| 6-Month | 10.31 | 10.56 |
| 9-Month | 10.31 | 10.81 |
| 1-Year | 10.33 | 10.83 |
KIBOR Rates – February 17, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.26 | 10.76 |
| 2-Week | 10.26 | 10.76 |
| 1-Month | 10.25 | 10.75 |
| 3-Month | 10.30 | 10.55 |
| 6-Month | 10.31 | 10.56 |
| 9-Month | 10.31 | 10.81 |
| 1-Year | 10.34 | 10.84 |
Market analysts said the largely unchanged rates reflect stable liquidity conditions and consistent monetary policy expectations. KIBOR trends are closely watched by investors and borrowers, as even slight fluctuations can impact borrowing costs for corporate and retail customers.
Disclaimer: The rates are issued by the State Bank of Pakistan for information purposes only. Actual lending rates may vary depending on bank policies, customer profiles, and prevailing market conditions.