Karachi: The Karachi Interbank Offered Rate (KIBOR) has shown significant fluctuations across various tenors, indicating a wave of economic uncertainty. As per the data released by the State Bank of Pakistan on September 30, 2025, the rates have experienced shifts that could suggest looming financial challenges.

The one-week KIBOR stands at a bid rate of 10.88% with an offer rate of 11.38%, while the two-week tenor shows a bid of 10.84% and an offer of 11.34%. These figures highlight a noticeable increase in short-term borrowing costs, potentially affecting liquidity in the banking sector.

For longer tenors, the one-month bid is recorded at 10.83%, with an offer rate of 11.33%. The three-month rates are slightly lower, with a bid of 10.82% and an offer of 11.07%. Similarly, the six-month tenor shows a bid of 10.84% and an offer of 11.09%, reflecting a relatively stable yet cautious outlook among lenders.

The nine-month and one-year tenors present bid rates of 10.80% and 10.82%, respectively, with corresponding offers at 11.30% and 11.32%. These figures suggest that while short-term rates have surged, longer-term borrowing costs remain relatively modest but still reflect underlying apprehensions.

These KIBOR rates serve as a barometer for the banking sector's perception of risk and liquidity conditions. The recent adjustments may prompt financial institutions and businesses to reassess their strategies amid a dynamic economic landscape.