Karachi, September 18, 2025 – The State Bank of Pakistan (SBP) on Thursday released the updated Karachi Interbank Offered Rates (KIBOR), which serve as a key benchmark for lending and borrowing activities across the country’s financial markets.
The new update reflects slight adjustments across various tenors when compared with the previous day’s levels.
According to the SBP data, most short-term KIBOR tenors registered a marginal decline, indicating relative stability in the interbank market. Financial analysts noted that such small movements are generally consistent with liquidity management operations carried out by the central bank.
Below is a comparison of KIBOR rates for September 18, 2025, and the previous day, September 17, 2025:
Thursday, September 18, 2025
| Tenor | Bid | Offer |
| 1-Week | 10.79 | 11.29 |
| 2-Week | 10.78 | 11.28 |
| 1-Month | 10.77 | 11.27 |
| 3-Month | 10.79 | 11.04 |
| 6-Month | 10.80 | 11.05 |
| 9-Month | 10.78 | 11.28 |
| 1-Year | 10.79 | 11.29 |
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 |
Market observers emphasized that KIBOR plays a critical role in pricing loans, corporate debt, and other credit instruments. With economic conditions stabilizing, they expect KIBOR levels to remain broadly steady in the short term, barring any major policy shifts from the SBP.
(The KIBOR rates provided are for informational purposes only and should not be considered as financial advice. Stakeholders are advised to consult official sources and financial experts before making any business or investment decisions.)