Karachi, October 1, 2025 – The State Bank of Pakistan (SBP) on Wednesday released the updated Karachi Interbank Offered Rates (KIBOR) for the start of the new month.
These daily updates provide critical benchmarks for banks, corporations, and investors, as KIBOR serves as a reference rate for lending and borrowing in Pakistan’s interbank money market.
According to the data, most tenors recorded marginal adjustments compared to the previous session, reflecting slight fluctuations in short-term borrowing costs. The KIBOR is closely watched by financial institutions since it directly impacts loan pricing, corporate financing, and investment decisions.
Below are the updated KIBOR rates for October 1, 2025, compared with September 30, 2025:
| Tenor | Oct 1, 2025 (Bid) | Oct 1, 2025 (Offer) | Sep 30, 2025 (Bid) | Sep 30, 2025 (Offer) |
| 1-Week | 10.89 | 11.39 | 10.88 | 11.38 |
| 2-Week | 10.86 | 11.36 | 10.84 | 11.34 |
| 1-Month | 10.85 | 11.35 | 10.83 | 11.33 |
| 3-Month | 10.85 | 11.10 | 10.82 | 11.07 |
| 6-Month | 10.86 | 11.11 | 10.84 | 11.09 |
| 9-Month | 10.80 | 11.30 | 10.80 | 11.30 |
| 1-Year | 10.82 | 11.32 | 10.82 | 11.32 |
Overall, the updated rates show that the market continues to move within a narrow band, with banks and borrowers adjusting cautiously to liquidity conditions and monetary policy expectations.
Financial analysts expect upcoming monetary policy decisions, global oil price movements, and domestic liquidity flows to play a decisive role in shaping KIBOR trends.