Karachi, July 25, 2025 – The State Bank of Pakistan (SBP) on Friday released the updated Karachi Interbank Offered Rates (KIBOR) for July 25, 2025.
These rates serve as a critical benchmark for determining lending costs in the interbank market and for commercial loans throughout the banking sector.
The latest data issued by the SBP reveals slight fluctuations in KIBOR rates across different tenors when compared with the previous trading day, July 24, 2025. Notably, short-term tenors such as the 1-week and 2-week showed marginal dips in both bid and offer rates.
Below is a comparative table of KIBOR rates for July 25 and July 24, 2025:
KIBOR Rates – July 25, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.84 | 11.34 |
| 2 – Week | 10.73 | 11.23 |
| 1 – Month | 10.66 | 11.16 |
| 3 – Month | 10.62 | 10.87 |
| 6 – Month | 10.61 | 10.86 |
| 9 – Month | 10.57 | 11.07 |
| 1 – Year | 10.56 | 11.06 |
KIBOR Rates – July 24, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.87 | 11.37 |
| 2 – Week | 10.76 | 11.26 |
| 1 – Month | 10.67 | 11.17 |
| 3 – Month | 10.63 | 10.88 |
| 6 – Month | 10.62 | 10.87 |
| 9 – Month | 10.57 | 11.07 |
| 1 – Year | 10.56 | 11.06 |
The SBP uses KIBOR trends as an important reference for monitoring interbank liquidity and the overall stance of monetary policy. Changes in KIBOR often reflect market expectations regarding future interest rate movements, inflation trends, and monetary easing or tightening decisions by the SBP.