Karachi, November 25, 2025 – The State Bank of Pakistan (SBP) on Tuesday released the updated Karachi Interbank Offered Rates (KIBOR) to provide clarity and transparency to banks, financial institutions, and corporate borrowers.
The updated rates, issued daily by the Financial Markets Department, help determine benchmark lending costs for short-term financing across the banking sector.
The latest update shows marginal movements across several tenors compared to the previous day’s rates. Financial analysts noted that slight adjustments in KIBOR levels typically reflect liquidity conditions in the interbank market, along with expectations regarding monetary policy direction.
Below are the updated KIBOR rates for November 25, 2025, followed by a comparison with the rates recorded on November 24, 2025:
KIBOR – November 25, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.89 | 11.39 |
| 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 | 10.96 | 11.46 |
| 1-Year | 10.98 | 11.48 |
KIBOR – November 24, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.88 | 11.38 |
| 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 | 10.96 | 11.46 |
According to the SBP, these rates are compiled from quotations submitted by leading commercial banks and serve as a reference for pricing corporate loans, treasury transactions, and financial contracts. Market experts believe that stable KIBOR trends suggest balanced liquidity in the banking system, with participants closely monitoring upcoming economic indicators and monetary policy cues.