Karachi, January 19, 2026 – The State Bank of Pakistan (SBP) on Monday released the latest Karachi Interbank Offered Rates (KIBOR) to facilitate banks, corporate borrowers, and financial market participants. KIBOR serves as a key benchmark for lending rates across Pakistan’s banking system.
The newly issued rates show minor movements across most tenors when compared with the previous working day, reflecting cautious market expectations ahead of the upcoming monetary policy decision.
KIBOR Rates – January 19, 2026
| Tenor | Bid (%) | Offer (%) |
| 1 Week | 10.22 | 10.72 |
| 2 Week | 10.18 | 10.68 |
| 1 Month | 10.09 | 10.59 |
| 3 Month | 10.07 | 10.32 |
| 6 Month | 10.07 | 10.32 |
| 9 Month | 10.04 | 10.54 |
| 1 Year | 10.03 | 10.53 |
KIBOR Rates – January 16, 2026
| Tenor | Bid (%) | Offer (%) |
| 1 Week | 10.23 | 10.73 |
| 2 Week | 10.20 | 10.70 |
| 1 Month | 10.09 | 10.59 |
| 3 Month | 10.08 | 10.33 |
| 6 Month | 10.08 | 10.33 |
| 9 Month | 10.04 | 10.54 |
| 1 Year | 10.03 | 10.53 |
Market analysts noted that KIBOR rates remained largely stable, signaling that banks are pricing in expectations of a potential interest rate cut in the upcoming SBP Monetary Policy Committee (MPC) meeting. The business community and financial markets are closely watching these rates, as KIBOR plays a critical role in determining borrowing costs for businesses and consumers.
KIBOR is widely regarded as a key indicator for monetary policy direction, influencing loan pricing, corporate financing, and overall liquidity conditions in Pakistan’s economy.
Disclaimer: KIBOR rates are indicative and subject to revision by the State Bank of Pakistan.