Islamabad: The Karachi Interbank Offered Rate (KIBOR) experienced notable volatility across various maturities on September 16, 2025, according to data released by the State Bank of Pakistan. Short-term rates for one-week loans saw the widest spread, with bids at 10.80% and offers reaching 11.30%.

The two-week and one-month rates exhibited similar dynamics, with bids clustering around 10.79% and offers at 11.29%. Longer-term rates showed more stability. The three-month KIBOR saw bids at 10.80% and offers at 11.05%, narrowing the gap between borrowing and lending rates.

Six-month and one-year maturities also displayed a tighter spread. The six-month rate had bids at 10.81% and offers at 11.06%, while the one-year KIBOR saw bids at 10.81% and offers at 11.31%. Interestingly, the nine-month rate mirrored the two-week and one-month figures, with bids at 10.79% and offers at 11.29%. These fluctuations reflect ongoing dynamics in Pakistan’s money market.