Karachi, November 20, 2025 – The State Bank of Pakistan (SBP) on Thursday released the latest Karachi Interbank Offered Rates (KIBOR), providing updated benchmark lending rates used by banks and financial institutions across the country.
KIBOR serves as a key reference for corporate lending, financing arrangements, and interbank transactions, making daily updates essential for maintaining transparency and market consistency.
The newly issued rates for November 20, 2025, highlight slight adjustments across multiple tenors when compared with the previous day. These movements reflect normal changes in market liquidity, demand for short-term funding, and broader economic indicators influencing borrowing costs.
KIBOR Rates – November 20, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.90 | 11.40 |
| 2-Week | 10.89 | 11.39 |
| 1-Month | 10.89 | 11.39 |
| 3-Month | 10.90 | 11.15 |
| 6-Month | 10.94 | 11.19 |
| 9-Month | 10.96 | 11.46 |
| 1-Year | 10.99 | 11.49 |
KIBOR Rates – November 19, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.91 | 11.41 |
| 2-Week | 10.88 | 11.38 |
| 1-Month | 10.89 | 11.39 |
| 3-Month | 10.90 | 11.15 |
| 6-Month | 10.94 | 11.19 |
| 9-Month | 10.94 | 11.44 |
| 1-Year | 10.97 | 11.47 |
Compared to the previous day, most tenors remained largely stable, with minor increases observed in the 9-month and 1-year offers. Such routine fluctuations reflect evolving market dynamics as banks adjust pricing based on liquidity conditions and interest rate expectations. The SBP’s daily KIBOR update continues to play a crucial role in strengthening transparency and ensuring fair pricing in Pakistan’s financial system.