Karachi, November 28, 2025 – The State Bank of Pakistan (SBP) on Friday released the updated Karachi Interbank Offered Rates (KIBOR) to assist banks, financial institutions, and corporate consumers in planning borrowing and investment activities.
KIBOR serves as the benchmark for short- and long-term lending rates in Pakistan and is closely monitored by investors, traders, and financial analysts.
The SBP’s daily KIBOR update reflects the prevailing market sentiment and liquidity conditions in the interbank money market. Market participants noted minor adjustments in rates compared with Thursday, indicating stable market conditions and steady liquidity flows.
Following are the detailed KIBOR rates for Friday, November 28, 2025:
KIBOR – November 28, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.84 | 11.34 |
| 2-Week | 10.83 | 11.33 |
| 1-Month | 10.84 | 11.34 |
| 3-Month | 10.88 | 11.13 |
| 6-Month | 10.91 | 11.16 |
| 9-Month | 10.92 | 11.42 |
| 1-Year | 10.93 | 11.43 |
For comparison, the previous day’s rates on November 27, 2025, were as follows:
KIBOR – November 27, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.84 | 11.34 |
| 2-Week | 10.83 | 11.33 |
| 1-Month | 10.85 | 11.35 |
| 3-Month | 10.90 | 11.15 |
| 6-Month | 10.93 | 11.18 |
| 9-Month | 10.94 | 11.44 |
| 1-Year | 10.96 | 11.46 |
Financial analysts say the minor declines in medium- and long-term tenors indicate a cautious sentiment among banks amid stable liquidity conditions. Borrowers and investors are advised to monitor these benchmark rates closely as they impact lending, corporate financing, and treasury operations.
The SBP emphasized that KIBOR rates are indicative, compiled from actual interbank transactions and submitted bid-offer rates, and serve as a reference point for financial contracts and monetary policy decisions.