Karachi, April 24, 2026 – The State Bank of Pakistan (SBP) on Friday issued the latest Karachi Interbank Offered Rates (KIBOR), showing minor fluctuations across different tenors compared to the previous day.
KIBOR serves as a key benchmark for lending rates in Pakistan’s banking system and is closely monitored by financial institutions, investors, and policymakers. The updated rates come ahead of the SBP’s upcoming Monetary Policy Committee meeting scheduled for Monday, April 27, 2026. The current policy rate stands at 10.50%.
KIBOR Rates – April 24, 2026
| Tenor | Bid | Offer |
| 1 Week | 10.36 | 10.86 |
| 2 Week | 10.39 | 10.89 |
| 1 Month | 10.49 | 10.99 |
| 3 Month | 11.02 | 11.27 |
| 6 Month | 11.18 | 11.43 |
| 9 Month | 11.40 | 11.90 |
| 1 Year | 11.44 | 11.94 |
KIBOR Rates – April 23, 2026
| Tenor | Bid | Offer |
| 1 Week | 10.32 | 10.82 |
| 2 Week | 10.38 | 10.88 |
| 1 Month | 10.47 | 10.97 |
| 3 Month | 11.01 | 11.26 |
| 6 Month | 11.19 | 11.44 |
| 9 Month | 11.40 | 11.90 |
| 1 Year | 11.45 | 11.95 |
Market Overview
Financial analysts noted that KIBOR movements remained largely stable with slight adjustments in short-term tenors, reflecting balanced liquidity conditions in the interbank market. Minor dips in some maturities suggest cautious sentiment ahead of the upcoming policy announcement.
Experts said that the central bank’s decision on interest rates will play a crucial role in shaping borrowing costs, inflation expectations, and overall economic direction in the coming months. Market participants are closely watching whether the SBP maintains the current stance or signals any policy adjustment in response to inflation trends and external pressures.