Karachi, January 15, 2026 – The State Bank of Pakistan (SBP) on Thursday announced the latest Karachi Interbank Offered Rates (KIBOR), providing an important benchmark for banks, corporates, and retail borrowers across the country. KIBOR rates are widely used to price loans, including corporate financing, working capital facilities, and consumer products.
The updated data shows minor day-on-day changes in most tenors compared with January 14, 2026, indicating a relatively stable interbank money market. Analysts say the marginal movements reflect balanced liquidity conditions and cautious expectations ahead of upcoming monetary policy developments.
Below is a comparison of KIBOR rates for January 15 and January 14, 2026, as released by the central bank.
KIBOR Rates – January 15, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.21 | 10.71 |
| 2-Week | 10.19 | 10.69 |
| 1-Month | 10.11 | 10.61 |
| 3-Month | 10.11 | 10.36 |
| 6-Month | 10.10 | 10.35 |
| 9-Month | 10.06 | 10.56 |
| 1-Year | 10.05 | 10.55 |
KIBOR Rates – January 14, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.18 | 10.68 |
| 2-Week | 10.19 | 10.69 |
| 1-Month | 10.14 | 10.64 |
| 3-Month | 10.11 | 10.36 |
| 6-Month | 10.11 | 10.36 |
| 9-Month | 10.07 | 10.57 |
| 1-Year | 10.06 | 10.56 |
Market participants closely monitor daily KIBOR updates as they directly influence borrowing costs in Pakistan. Any sustained upward or downward trend in KIBOR can impact business financing decisions, consumer loan rates, and overall economic activity.