Karachi, March 2, 2026 – The State Bank of Pakistan (SBP) has released the latest Karachi Interbank Offered Rates (KIBOR) for Monday, providing an updated benchmark for lending and borrowing costs in the interbank market.
KIBOR serves as a key reference rate for pricing a wide range of financial products, including corporate loans, consumer financing, mortgages, and Islamic banking instruments. The updated rates reflect prevailing liquidity conditions, monetary policy expectations, and market sentiment.
Below is a comparison of KIBOR rates for March 2, 2026, and February 27, 2026:
KIBOR Rates – March 2, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.29 | 10.79 |
| 2-Week | 10.29 | 10.79 |
| 1-Month | 10.29 | 10.79 |
| 3-Month | 10.37 | 10.62 |
| 6-Month | 10.40 | 10.65 |
| 9-Month | 10.41 | 10.91 |
| 1-Year | 10.43 | 10.93 |
KIBOR Rates – February 27, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.32 | 10.82 |
| 2-Week | 10.32 | 10.82 |
| 1-Month | 10.30 | 10.80 |
| 3-Month | 10.34 | 10.59 |
| 6-Month | 10.36 | 10.61 |
| 9-Month | 10.35 | 10.85 |
| 1-Year | 10.37 | 10.87 |
Market overview
The comparison shows a marginal easing in short-term KIBOR rates, while medium to long-term tenors recorded mixed movements, reflecting evolving liquidity conditions and expectations regarding future monetary policy actions by the central bank.
Financial analysts noted that KIBOR movements are closely monitored by banks, businesses, and investors, as even small changes can significantly impact borrowing costs, investment decisions, and overall credit growth in the economy.
The SBP updates KIBOR daily based on quotes submitted by leading commercial banks, ensuring transparency and consistency in Pakistan’s financial markets.