Karachi: The State Bank of Pakistan has announced the Karachi Interbank Offered Rate (KIBOR) for January 2, 2026, showing stability across various short-term tenors. The KIBOR rates, used as a benchmark for lending between banks, reveal a consistent pattern in both bid and offer rates.
For 1-week and 2-week tenors, the bid and offer rates were reported at 10.31% and 10.81% respectively. This consistency extends to the 1-month tenor, which also maintained the same bid and offer rates.
The 3-month and 6-month tenors saw a slight variation, with bid rates at 10.33% and offer rates at 10.58%. The 9-month tenor displayed a marginal deviation, presenting a bid rate of 10.32% and an offer rate of 10.82%.
Lastly, the 1-year tenor mirrored the shorter tenors, maintaining a bid rate of 10.31% and an offer rate of 10.81%. These figures reflect the prevailing lending environment and interbank transactions.
The State Bank of Pakistan regularly updates KIBOR rates, which serve as a critical reference point for financial institutions in setting interest rates for various financial products.