Karachi, February 17, 2026 – The State Bank of Pakistan (SBP) on Tuesday released the daily Karachi Interbank Offered Rates (KIBOR) to provide guidance to banks, financial institutions, and investors for short- and long-term lending rates. KIBOR serves as a benchmark for determining the cost of borrowing and lending in the interbank money market and influences a wide range of financial products including loans, deposits, and corporate financing.
According to the latest data, the rates remained largely stable compared to Monday, with minor adjustments in the 3-month tenor. Analysts note that such stability reflects cautious market sentiment and steady liquidity in the banking system.
The KIBOR rates for February 17, 2026 are as follows:
| 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 |
For comparison, the KIBOR rates on February 16, 2026 were:
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.26 | 10.76 |
| 2-Week | 10.26 | 10.76 |
| 1-Month | 10.25 | 10.75 |
| 3-Month | 10.29 | 10.54 |
| 6-Month | 10.31 | 10.56 |
| 9-Month | 10.31 | 10.81 |
| 1-Year | 10.34 | 10.84 |
Market experts suggest that the slight increase in the 3-month tenor indicates short-term liquidity adjustments, while longer-term rates remain steady, providing confidence to both borrowers and lenders in Pakistan’s financial market. The SBP continues to monitor liquidity and interbank rates closely to maintain market stability and support economic growth.