Karachi, February 27, 2026 – The State Bank of Pakistan (SBP) has published the daily Karachi Interbank Offered Rates (KIBOR) for Friday, February 27, 2026, to guide banking consumers and financial institutions on short- and long-term lending rates. KIBOR rates serve as a benchmark for loans, deposits, and other financial instruments in Pakistan.
KIBOR Rates – February 27, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.32 | 10.82 |
| 2-Week | 10.32 | 10.82 |
| 1-Month | 10.30 | 10.80 |
| 3-Month | 10.34 | 10.59 |
| 6-Month | 10.36 | 10.61 |
| 9-Month | 10.35 | 10.85 |
| 1-Year | 10.37 | 10.87 |
KIBOR Rates – February 26, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.29 | 10.79 |
| 2-Week | 10.29 | 10.79 |
| 1-Month | 10.28 | 10.78 |
| 3-Month | 10.33 | 10.58 |
| 6-Month | 10.35 | 10.60 |
| 9-Month | 10.36 | 10.86 |
| 1-Year | 10.37 | 10.87 |
Analysis of KIBOR Changes
• Short-Term Tenors (1-Week, 2-Week, 1-Month):
The bid and offer rates increased slightly on February 27 compared to February 26. The 1-week and 2-week bid rates rose by 0.03%, while the offer rates increased by 0.03%. The 1-month bid increased by 0.02%, and offer by 0.02%, reflecting slightly higher short-term liquidity demand in the interbank market.
• Medium-Term Tenors (3-Month, 6-Month):
The 3-month bid increased marginally by 0.01%, and the offer by 0.01%. The 6-month bid rose by 0.01% and offer by 0.01%. These minor changes indicate stability in medium-term funding costs with minimal volatility.
• Long-Term Tenors (9-Month, 1-Year):
The 9-month bid rate decreased slightly from 10.36% to 10.35%, while the offer rate declined from 10.86% to 10.85%, suggesting slight easing in longer-term borrowing sentiment. The 1-year tenor remained unchanged at 10.37% (bid) and 10.87% (offer), signaling steady expectations for long-term interest rates.
Summary
Overall, KIBOR rates for February 27, 2026 show marginal upward movement in short-term tenors, while medium- and long-term rates remained largely stable. This suggests that interbank liquidity conditions are steady, with banks slightly adjusting rates for short-term funds in response to market activity and demand.