Karachi, December 4, 2025 – The State Bank of Pakistan (SBP) on Thursday released the latest Karachi Interbank Offered Rates (KIBOR) to guide banks, financial institutions, and investors in planning short-term and long-term financial transactions.
The updated rates reflect the prevailing cost of borrowing and lending in Pakistan’s interbank market and serve as a benchmark for loans, deposits, and other financial instruments.
The SBP stated that these rates are indicative and provide market participants with an insight into the liquidity and interest rate trends in the banking sector. Comparing the KIBOR rates of December 4 with December 3 shows minor fluctuations across various tenors, reflecting stable monetary conditions and consistent market sentiment.
KIBOR Rates – December 4, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.81 | 11.31 |
| 2-Week | 10.80 | 11.30 |
| 1-Month | 10.81 | 11.31 |
| 3-Month | 10.85 | 11.10 |
| 6-Month | 10.91 | 11.16 |
| 9-Month | 10.90 | 11.40 |
| 1-Year | 10.90 | 11.40 |
KIBOR Rates – December 3, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.83 | 11.33 |
| 2-Week | 10.81 | 11.31 |
| 1-Month | 10.81 | 11.31 |
| 3-Month | 10.84 | 11.09 |
| 6-Month | 10.90 | 11.15 |
| 9-Month | 10.89 | 11.39 |
| 1-Year | 10.90 | 11.40 |
The SBP emphasized that KIBOR rates are compiled to provide transparency and assist banks in pricing loans, deposits, and other financial products. These rates also reflect the overall liquidity and interest rate environment in the country.