Karachi, January 29, 2026 — The State Bank of Pakistan (SBP) on Thursday announced the latest Karachi Interbank Offered Rates (KIBOR), providing an important benchmark for banks, businesses, and consumers across the country. KIBOR rates are widely used to price loans, advances, and other financial instruments in Pakistan’s banking sector.
According to the data released by SBP, marginal changes were observed across most tenors when compared to the previous trading day. Short-term rates showed a slight decline, while medium- to long-term tenors remained largely stable, reflecting cautious market sentiment and steady liquidity conditions.
The one-week KIBOR bid rate eased to 10.16 percent from 10.19 percent recorded on January 28, while the offer rate declined to 10.66 percent. Similarly, the two-week tenor also witnessed a minor drop. Rates for one-month and longer tenors remained mostly unchanged, indicating limited volatility in the interbank market.
Market analysts believe that stable KIBOR trends suggest expectations of a steady monetary policy stance in the near term. Businesses and borrowers closely track these rates, as they directly influence borrowing costs and financing decisions.
KIBOR Rates — January 29, 2026
| Tenor | Bid | Offer |
| 1-Week | 10.16 | 10.66 |
| 2-Week | 10.21 | 10.71 |
| 1-Month | 10.24 | 10.74 |
| 3-Month | 10.24 | 10.49 |
| 6-Month | 10.24 | 10.49 |
| 9-Month | 10.24 | 10.74 |
| 1-Year | 10.24 | 10.74 |
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 |