Karachi, March 11, 2026 – The State Bank of Pakistan (SBP) has released the latest Karachi Interbank Offered Rates (KIBOR) for Wednesday, March 11, 2026, providing updated benchmark lending rates used by banks across Pakistan.
The KIBOR reflects the average interest rate at which banks are willing to lend unsecured funds to other banks in the interbank market. These rates serve as a key reference for pricing corporate loans, consumer financing, and other financial products in Pakistan’s banking sector.
Below is the comparison of KIBOR rates for March 11, 2026 and March 10, 2026.
KIBOR Rates – March 11, 2026
| Tenor | Bid (%) | Offer (%) |
| 1 – Week | 10.42 | 10.92 |
| 2 – Week | 10.42 | 10.92 |
| 1 – Month | 10.44 | 10.94 |
| 3 – Month | 10.55 | 10.80 |
| 6 – Month | 10.66 | 10.91 |
| 9 – Month | 10.88 | 11.38 |
| 1 – Year | 10.89 | 11.39 |
KIBOR Rates – March 10, 2026
| Tenor | Bid (%) | Offer (%) |
| 1 – Week | 10.39 | 10.89 |
| 2 – Week | 10.39 | 10.89 |
| 1 – Month | 10.42 | 10.92 |
| 3 – Month | 10.53 | 10.78 |
| 6 – Month | 10.64 | 10.89 |
| 9 – Month | 10.85 | 11.35 |
| 1 – Year | 10.89 | 11.39 |
KIBOR Movement Analysis
A comparison of the two trading days shows slight increases in most tenors, indicating marginal tightening in short-term interbank liquidity.
• 1-week and 2-week tenors rose by 0.03 percentage points.
• 1-month tenor increased slightly from 10.42% to 10.44% (bid).
• 3-month and 6-month rates also edged up by around 0.02 percentage points.
• 9-month tenor recorded a modest increase of 0.03 percentage points.
• 1-year KIBOR remained unchanged at 10.89% bid and 11.39% offer.
Market analysts say minor movements in KIBOR typically reflect short-term liquidity conditions, monetary policy expectations, and demand for funds in the banking system.
Since many financing agreements in Pakistan are benchmarked against KIBOR, even small changes can influence borrowing costs for businesses and consumers.
What is KIBOR?
The Karachi Interbank Offered Rate (KIBOR) is the benchmark interest rate used by banks in Pakistan to price lending products. It is calculated based on quotes provided by leading commercial banks and published daily with oversight from the State Bank of Pakistan.
Disclaimer: KIBOR rates are indicative interbank market rates and may vary depending on the lending institution and borrower profile. The information is provided for general financial awareness and should not be considered investment or financial advice.