Karachi, October 2, 2025 – The State Bank of Pakistan (SBP) released updated Karachi Interbank Offered Rates (KIBOR) on Thursday, reflecting modest upward adjustments across different tenors.
KIBOR, a key benchmark used by banks to price lending products, plays an important role in determining borrowing costs for businesses and individuals.
The updated rates showed slight increases compared to the previous day, indicating marginal tightening in short-term liquidity conditions in the interbank market. According to analysts, fluctuations in KIBOR rates reflect the market’s expectations regarding interest rate movements and overall monetary policy stance.
KIBOR Rates – Thursday, October 2, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.94 | 11.44 |
| 2 – Week | 10.92 | 11.42 |
| 1 – Month | 10.91 | 11.41 |
| 3 – Month | 10.91 | 11.16 |
| 6 – Month | 10.92 | 11.17 |
| 9 – Month | 10.90 | 11.40 |
| 1 – Year | 10.90 | 11.40 |
KIBOR Rates – Wednesday, October 1, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.89 | 11.39 |
| 2 – Week | 10.86 | 11.36 |
| 1 – Month | 10.85 | 11.35 |
| 3 – Month | 10.85 | 11.10 |
| 6 – Month | 10.86 | 11.11 |
| 9 – Month | 10.80 | 11.30 |
| 1 – Year | 10.82 | 11.32 |
Financial experts note that any sustained upward movement in KIBOR will increase financing costs for corporate borrowers, while also impacting consumer loans and mortgages. The latest revision underscores the importance of monitoring interbank trends as part of Pakistan’s broader monetary landscape.