Karachi, July 30, 2025 – The State Bank of Pakistan (SBP) has released the latest Karachi Interbank Offered Rates (KIBOR) for Wednesday, July 30, 2025. These benchmark rates serve as a key indicator for lending and borrowing costs between banks and play a critical role in the broader financial system.
The SBP’s daily publication of KIBOR rates is closely watched by financial institutions, corporate borrowers, and investors, as these rates help determine short- and long-term borrowing costs in the money market. The KIBOR rates, set through competitive bidding among banks, reflect market expectations of future interest rates, inflation, and liquidity conditions.
A comparison of the KIBOR rates issued by the SBP for July 30 and the previous day, July 29, shows a marginal decline across most tenors, indicating slightly improved market liquidity or lower short-term borrowing costs.
KIBOR Rates – July 30, 2025 (Issued by SBP)
| Tenor | Bid (%) | Offer (%) |
| 1 – Week | 10.61 | 11.11 |
| 2 – Week | 10.59 | 11.09 |
| 1 – Month | 10.57 | 11.07 |
| 3 – Month | 10.57 | 10.82 |
| 6 – Month | 10.58 | 10.83 |
| 9 – Month | 10.55 | 11.05 |
| 1 – Year | 10.53 | 11.03 |
KIBOR Rates – July 29, 2025 (Issued by SBP)
| Tenor | Bid (%) | Offer (%) |
| 1 – Week | 10.67 | 11.17 |
| 2 – Week | 10.61 | 11.11 |
| 1 – Month | 10.58 | 11.08 |
| 3 – Month | 10.59 | 10.84 |
| 6 – Month | 10.59 | 10.84 |
| 9 – Month | 10.56 | 11.06 |
| 1 – Year | 10.54 | 11.04 |
The SBP’s consistent issuance of KIBOR rates ensures transparency in interbank dealings and helps stabilize short-term interest rate expectations. The minor shifts observed in today’s KIBOR data may reflect the financial market’s response to the central bank’s recent monetary policy stance. As the SBP maintains its key policy rate, KIBOR levels are likely to remain relatively stable unless liquidity or inflationary pressures alter significantly.