Karachi: The Karachi Interbank Offered Rate (KIBOR) indicated slight fluctuations across various tenors, according to data released by the State Bank of Pakistan on July 23, 2025. The minor changes in bid and offer rates reflect ongoing economic conditions and monetary policy adjustments.

The bid rate for the one-week tenor was set at 10.92 percent, with an offer rate of 11.42 percent. The two-week tenor followed closely, with a bid rate of 10.88 percent and an offer rate of 11.38 percent.

For the one-month period, the bid and offer rates stood at 10.84 percent and 11.34 percent, respectively. The three-month tenor showed a bid rate of 10.80 percent and an offer rate of 11.05 percent.

The six-month tenor recorded a bid rate of 10.74 percent, while the offer rate was slightly higher at 10.99 percent. The nine-month tenor had a bid rate of 10.70 percent and an offer rate of 11.20 percent.

The longest tenor, one-year, displayed a bid rate of 10.66 percent and an offer rate of 11.16 percent. These figures provide insight into the lending environment and interest rate trends in Pakistan's financial markets.

Analysts suggest that these rates are influenced by several factors, including government fiscal policies and global economic conditions. As such, they serve as critical indicators for financial institutions and businesses engaging in borrowing and lending activities.