Karachi, January 28, 2026 – The State Bank of Pakistan (SBP) on Wednesday issued the daily Karachi Interbank Offered Rates (KIBOR), providing a key benchmark for banks, businesses, and consumers across the country. KIBOR serves as a reference rate for pricing corporate loans, consumer financing, and other credit products offered by commercial banks.
According to data released by the central bank, most tenors showed marginal changes compared to the previous trading day, reflecting relatively stable money market conditions. Short-term KIBOR rates eased slightly, while medium- to long-term tenors largely remained steady, indicating cautious liquidity management in the interbank market.
Market participants closely monitor daily KIBOR movements as they influence lending rates, borrowing costs, and overall financial planning for both corporates and individual borrowers. Any fluctuation in these rates directly impacts loan repayments, working capital financing, and investment decisions.
Below is a comparison of KIBOR rates for January 27 and January 28, 2026:
KIBOR Rates – January 28, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.19 | 10.69 |
| 2-Week | 10.24 | 10.74 |
| 1-Month | 10.24 | 10.74 |
| 3-Month | 10.22 | 10.47 |
| 6-Month | 10.23 | 10.48 |
| 9-Month | 10.23 | 10.73 |
| 1-Year | 10.23 | 10.73 |
KIBOR Rates – January 27, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.23 | 10.73 |
| 2-Week | 10.25 | 10.75 |
| 1-Month | 10.26 | 10.76 |
| 3-Month | 10.14 | 10.39 |
| 6-Month | 10.15 | 10.40 |
| 9-Month | 10.13 | 10.63 |
| 1-Year | 10.13 | 10.63 |
The SBP releases KIBOR on a daily basis to ensure transparency in the banking system and to help stakeholders make informed financial decisions.