Karachi, February 9, 2026 — The State Bank of Pakistan (SBP) on Monday released the daily Karachi Interbank Offered Rates (KIBOR) to facilitate banks, businesses, and financial consumers in assessing short-term and long-term borrowing costs.
KIBOR serves as a key benchmark rate for pricing loans, advances, and other financial products in Pakistan. The latest rates show marginal changes across most tenors compared to the previous working day, reflecting stable liquidity conditions in the interbank market.
Below is a comparison of KIBOR rates for February 9 and February 6, 2026, as issued by the SBP:
KIBOR Rates – February 9, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.23 | 10.73 |
| 2-Week | 10.23 | 10.73 |
| 1-Month | 10.22 | 10.72 |
| 3-Month | 10.25 | 10.50 |
| 6-Month | 10.27 | 10.52 |
| 9-Month | 10.26 | 10.76 |
| 1-Year | 10.26 | 10.76 |
KIBOR Rates – February 6, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.24 | 10.74 |
| 2-Week | 10.24 | 10.74 |
| 1-Month | 10.24 | 10.74 |
| 3-Month | 10.26 | 10.51 |
| 6-Month | 10.26 | 10.51 |
| 9-Month | 10.26 | 10.76 |
| 1-Year | 10.26 | 10.76 |
Market Overview
A comparison of the two days shows slight declines in short-term tenors, particularly in the 1-week, 2-week, and 1-month rates, indicating improved liquidity and stable money market conditions. Medium- and long-term tenors remained largely unchanged, suggesting steady expectations regarding inflation and monetary policy.
KIBOR plays a crucial role in Pakistan’s financial system, as it is widely used as a benchmark for corporate loans, consumer financing, and government borrowing instruments. Market participants closely monitor daily movements to assess trends in funding costs and monetary conditions.
The SBP continues to publish daily KIBOR rates to ensure transparency, efficiency, and informed decision-making across the banking and financial sectors.