Karachi, February 24, 2026 – The State Bank of Pakistan (SBP) released the daily Karachi Interbank Offered Rates (KIBOR) for Tuesday, February 24, 2026, providing updated reference rates for banks, financial institutions, and investors. KIBOR serves as a key benchmark for short-term lending and borrowing in Pakistan’s interbank market, guiding pricing for loans, deposits, and other financial instruments.
According to SBP, the 1-week and 2-week KIBOR rates increased slightly to 10.29% bid and 10.79% offer, compared to 10.27% bid and 10.77% offer on February 23, reflecting minor adjustments in liquidity conditions. Other tenors, including 1-month, 3-month, and 6-month, saw marginal upticks in bid and offer rates, while 9-month and 1-year rates remained steady.
Market analysts say that the slight rise in short-term KIBOR rates reflects modest interbank demand for liquidity, while longer-term rates remain stable, indicating cautious optimism in the financial market. Banks and financial institutions continue to monitor KIBOR trends closely, as these rates influence lending, corporate finance, and investment decisions across the economy.
KIBOR Rates – February 24, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.29 | 10.79 |
| 2-Week | 10.29 | 10.79 |
| 1-Month | 10.28 | 10.78 |
| 3-Month | 10.32 | 10.57 |
| 6-Month | 10.34 | 10.59 |
| 9-Month | 10.33 | 10.83 |
| 1-Year | 10.35 | 10.85 |
KIBOR Rates – February 23, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.27 | 10.77 |
| 2-Week | 10.27 | 10.77 |
| 1-Month | 10.26 | 10.76 |
| 3-Month | 10.31 | 10.56 |
| 6-Month | 10.33 | 10.58 |
| 9-Month | 10.33 | 10.83 |
| 1-Year | 10.35 | 10.85 |
Disclaimer: The SBP rates are indicative and meant for informational purposes only. Actual interbank transactions may vary depending on liquidity, market demand, and institutional arrangements.