Karachi, December 15, 2025 — The State Bank of Pakistan (SBP) has released the updated Karachi Interbank Offered Rates (KIBOR) for Monday, December 15, 2025, providing an important benchmark for banks, financial institutions, and corporate borrowers across the country.
KIBOR rates are used as a reference for pricing loans, mortgages, and other financial products in Pakistan’s banking system.
According to the central bank, the latest KIBOR figures show a marginal decline across most tenors compared to the rates recorded on December 12, 2025. The slight easing reflects stable liquidity conditions in the interbank market and cautious expectations regarding the future monetary policy stance.
Market participants closely monitor daily KIBOR movements as they directly influence lending costs for businesses and consumers. Any change in these rates can affect corporate financing decisions, working capital loans, and variable-rate consumer borrowing, including auto and housing finance.
Below are the updated KIBOR rates as of December 15, 2025, along with a comparison to the previous trading session.
KIBOR Rates – December 15, 2025
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.76 | 11.26 |
| 2-Week | 10.76 | 11.26 |
| 1-Month | 10.76 | 11.26 |
| 3-Month | 10.82 | 11.07 |
| 6-Month | 10.86 | 11.11 |
| 9-Month | 10.87 | 11.37 |
| 1-Year | 10.89 | 11.39 |
KIBOR Rates – December 12, 2025
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.78 | 11.28 |
| 2-Week | 10.78 | 11.28 |
| 1-Month | 10.77 | 11.27 |
| 3-Month | 10.83 | 11.08 |
| 6-Month | 10.87 | 11.12 |
| 9-Month | 10.88 | 11.38 |
| 1-Year | 10.90 | 11.40 |
Financial analysts expect KIBOR to remain largely range-bound in the near term, pending further guidance from the SBP on inflation trends and monetary policy decisions.