Karachi, February 13, 2026 – The State Bank of Pakistan (SBP) on Friday released the daily Karachi Interbank Offered Rates (KIBOR), providing an important benchmark for banks, corporate borrowers, and retail consumers across the country.
KIBOR serves as a key reference rate for pricing loans, mortgages, working capital financing, and other financial instruments. Daily movements in KIBOR reflect prevailing liquidity conditions, monetary policy expectations, and overall market sentiment.
KIBOR Rates – February 13, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.25 | 10.75 |
| 2-Week | 10.25 | 10.75 |
| 1-Month | 10.25 | 10.75 |
| 3-Month | 10.26 | 10.51 |
| 6-Month | 10.28 | 10.53 |
| 9-Month | 10.28 | 10.78 |
| 1-Year | 10.29 | 10.79 |
KIBOR Rates – February 12, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.24 | 10.74 |
| 2-Week | 10.24 | 10.74 |
| 1-Month | 10.22 | 10.72 |
| 3-Month | 10.26 | 10.51 |
| 6-Month | 10.27 | 10.52 |
| 9-Month | 10.27 | 10.77 |
| 1-Year | 10.27 | 10.77 |
Market Analysis
A comparison of the two days shows a marginal uptick in short- and long-term tenors, indicating slightly tighter liquidity conditions in the interbank market. The one-month bid rate increased to 10.25 percent from 10.22 percent, while the one-year bid edged up to 10.29 percent from 10.27 percent.
Analysts believe the mild upward adjustment reflects cautious market sentiment amid ongoing economic developments and expectations around future monetary policy moves. Stability in the three- and six-month rates suggests balanced liquidity in the near term, while gradual increases at the longer end indicate cautious lending behavior by banks.
Overall, the stable-to-firm trend in KIBOR points to a steady monetary environment, offering predictability for borrowers and financial institutions alike.