Karachi, October 21, 2025 – The State Bank of Pakistan (SBP) has released the latest Karachi Interbank Offered Rates (KIBOR) for Tuesday, October 21, 2025.
These benchmark rates are critical for determining the cost of borrowing between commercial banks and for setting lending rates for corporate and consumer loans across Pakistan’s financial sector.
The KIBOR rates are revised daily based on market conditions, interbank liquidity, and monetary policy signals. The rates serve as a key indicator for commercial financing, treasury operations, and investment decisions by financial institutions.
Below are the updated KIBOR rates for October 21, 2025, compared with the rates recorded on October 20, 2025.
KIBOR Rates – Tuesday, October 21, 2025
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.87 | 11.37 |
| 2-Week | 10.86 | 11.36 |
| 1-Month | 10.88 | 11.38 |
| 3-Month | 10.90 | 11.15 |
| 6-Month | 10.93 | 11.18 |
| 9-Month | 10.90 | 11.40 |
| 1-Year | 10.90 | 11.40 |
KIBOR Rates – Monday, October 20, 2025
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.88 | 11.38 |
| 2-Week | 10.87 | 11.37 |
| 1-Month | 10.89 | 11.39 |
| 3-Month | 10.90 | 11.15 |
| 6-Month | 10.93 | 11.18 |
| 9-Month | 10.90 | 11.40 |
| 1-Year | 10.90 | 11.40 |
The SBP clarified that KIBOR data is compiled based on rates quoted by major commercial banks and reflects interbank market conditions. Even minor fluctuations in KIBOR can influence lending rates for businesses, mortgages, and auto financing across Pakistan’s banking system.