Karachi, December 22, 2025 – The State Bank of Pakistan (SBP) has announced the latest Karachi Interbank Offered Rates (KIBOR) for Monday, December 22, 2025, providing crucial guidance for banks, financial institutions, and investors across the country.
The updated rates indicate minor fluctuations compared to last Friday, reflecting continued stability in the interbank lending market. Analysts said that KIBOR rates are an essential benchmark for short-term borrowing, corporate financing, and investment decisions, making them closely monitored by banking consumers and financial market participants.
KIBOR Rates – December 22, 2025
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.34 | 10.84 |
| 2-Week | 10.35 | 10.85 |
| 1-Month | 10.35 | 10.85 |
| 3-Month | 10.40 | 10.65 |
| 6-Month | 10.44 | 10.69 |
| 9-Month | 10.47 | 10.97 |
| 1-Year | 10.48 | 10.98 |
KIBOR Rates – December 19, 2025
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.34 | 10.84 |
| 2-Week | 10.32 | 10.82 |
| 1-Month | 10.33 | 10.83 |
| 3-Month | 10.39 | 10.64 |
| 6-Month | 10.43 | 10.68 |
| 9-Month | 10.47 | 10.97 |
| 1-Year | 10.49 | 10.99 |
According to market experts, slight increases in short- and mid-term tenors reflect cautious lending behavior amid economic stability, while longer-term tenors remain relatively unchanged. The SBP emphasized that these rates serve as a benchmark for interbank lending and borrowing, influencing corporate loans, government securities, and investment portfolios.
Investors and financial institutions are advised to monitor daily KIBOR updates as these rates directly impact loan pricing, deposit schemes, and market liquidity in Pakistan’s banking sector.