State Bank of Pakistan Releases KIBOR Rates for November 23, 2023

State Bank of Pakistan Releases KIBOR Rates for November 23, 2023

Karachi, November 23, 2023 – The State Bank of Pakistan (SBP) has announced the Karachi Interbank Offered Rates (KIBOR) for various tenors on Thursday, November 23, 2023.

KIBOR is a benchmark interest rate that represents the average interest rates at which banks in Pakistan offer to lend unsecured funds to another bank in the interbank market.

The following are the KIBOR rates for different tenors as notified by the SBP:


• Bid: 21.70%

• Offer: 22.20%


• Bid: 21.73%

• Offer: 22.23%


• Bid: 21.74%

• Offer: 22.24%


• Bid: 21.16%

• Offer: 21.41%


• Bid: 21.15%

• Offer: 21.40%


• Bid: 21.13%

• Offer: 21.63%


• Bid: 21.13%

• Offer: 21.63%

These rates reflect the prevailing cost of borrowing for various tenors in the interbank market. The KIBOR is a crucial reference point for financial institutions, businesses, and investors to gauge the current market interest rates. The rates can influence the pricing of various financial products, including loans and deposits.

Market analysts will closely scrutinize these rates to assess the prevailing economic conditions and make informed decisions. The SBP’s release of the KIBOR rates is part of its commitment to maintaining transparency in the financial markets and providing key information for economic analysis.

Note: The rates mentioned are in percentage points and represent the bid and offer rates for each tenor.

For further details and inquiries, interested parties are encouraged to visit the State Bank of Pakistan’s official website or contact the relevant authorities.

Disclaimer: The rates provided are subject to change based on market conditions, and individuals and institutions are advised to verify the latest rates before making any financial decisions.