Karachi, September 17, 2025 – The State Bank of Pakistan (SBP) on Wednesday released the updated Karachi Interbank Offered Rates (KIBOR), which serve as a key benchmark for lending between financial institutions and for determining borrowing costs in corporate and consumer financing.
Market analysts closely monitor KIBOR movements, as even marginal shifts can influence banking spreads, lending behavior, and overall liquidity conditions in the economy. The latest data issued by SBP highlights slight changes across short-term and medium-term tenors when compared with the previous day’s levels.
KIBOR Rates – Wednesday, September 17, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.83 | 11.33 |
| 2 – Week | 10.82 | 11.32 |
| 1 – Month | 10.81 | 11.31 |
| 3 – Month | 10.81 | 11.06 |
| 6 – Month | 10.83 | 11.08 |
| 9 – Month | 10.79 | 11.29 |
| 1 – Year | 10.81 | 11.31 |
KIBOR Rates – Tuesday, September 16, 2025
| Tenor | Bid | Offer |
| 1 – Week | 10.80 | 11.30 |
| 2 – Week | 10.79 | 11.29 |
| 1 – Month | 10.79 | 11.29 |
| 3 – Month | 10.80 | 11.05 |
| 6 – Month | 10.81 | 11.06 |
| 9 – Month | 10.79 | 11.29 |
| 1 – Year | 10.81 | 11.31 |
Overall, the updated KIBOR indicates minor upward adjustments in the one-week and two-week tenors, while most medium-to-long term benchmarks remained broadly stable. Financial experts suggest that these changes reflect cautious market sentiment amid evolving monetary conditions.
The KIBOR rates published by the State Bank of Pakistan are for informational purposes only. Actual lending or borrowing contracts may vary depending on negotiations between banks and their clients.