KIBOR Rate Today in Pakistan, 2 November 2026: 6 Month 12.68%, Every Tenor and the Change Since the Rate Rise

KIBOR on 2 November 2026 is 12.46% for 3 months, 12.68% for 6 months and 13.03% for 1 year, on the offer side of the State Bank of Pakistan's sheet. The 6 month rate, the one most car and home loans follow, rose 0.02 point from Friday's 12.66%, while the 1 year rate slipped 0.02 point.

This is the first sheet of November and the first working day since 30 October. Below is every tenor with bid and offer, how far each has moved since the State Bank raised its policy rate to 12%, and what the change means for a loan priced on KIBOR.

KIBOR for every tenor on 2 November 2026

The State Bank's sheet for 2 November 2026 gives seven tenors, from 1 week to 1 year. Offer rates run from 12.39% for 1 week to 13.03% for 1 year. Bid rates are 0.25 to 0.50 point lower. The data source on the sheet is Refinitiv.

The State Bank's home page showed the same three headline tenors, 3, 6 and 12 months, under "KIBOR As on 02-Nov-26" when we checked it. The full sheet is a one page PDF posted each working day. There was no sheet for Saturday 31 October or Sunday 1 November, as KIBOR is only set on working days.

KIBOR is up about a quarter to half a point since the rate rise

On 23 October, before the State Bank's decision, 6 month KIBOR was 12.41% and 3 month KIBOR 12.00%. By 2 November they were 12.68% and 12.46%. The short end moved most, because overnight money now costs more after the policy rate went to 12%.

The policy rate went up by 0.50 point to 12% from 27 October, the State Bank's home page says. Its corridor now runs from an 11% floor to a 13% ceiling. Longer KIBOR tenors had already priced in part of that rise before the meeting, which is why the 6 month and 1 year rates moved less.

Day by day movements for October are in the KIBOR history for October 2026, and the sheet for the previous working day is in KIBOR on 30 October.

A KIBOR loan of Rs 10 lakh costs about Rs 225 a month more than in October

If your loan resets on 6 month KIBOR, a 0.27 point rise adds about Rs 2,700 a year in interest on every Rs 10 lakh you still owe. That is roughly Rs 225 a month. Your bank's margin stays the same; only the KIBOR part moves, and only on your reset date.

That figure is our own arithmetic on the State Bank's rates, not a quote from any bank. Many car, home and business loans are priced as KIBOR plus a fixed margin, and the margin and the reset dates are written in your loan agreement. If your loan reset in late October, it may have caught part of the rise already.

The same benchmark works in reverse for some deposits. Bank Alfalah's floating term deposits, on its November sheet, pay KIBID minus a small margin, so they rise when KIBOR does. KIBID is the bid side of the table above.

How to read your loan against today's KIBOR

Find which tenor your loan uses, usually 3 or 6 month KIBOR, and the date it last reset. Then add your bank's margin to the offer rate for that tenor on the reset date. The answer is the rate you pay until the next reset.

1. Open your loan agreement or latest statement and note the benchmark, for example "6 month KIBOR plus 3%".
2. Note your last and next reset dates.
3. Open the State Bank's KIBOR sheet for the reset date and read the offer rate for your tenor.
4. Add your margin. That is your new yearly rate.
5. Multiply your outstanding balance by the change in KIBOR to see the yearly difference, then divide by twelve.
6. If the bank applied a different rate, ask it in writing which sheet and date it used.

Savers are affected too. The State Bank's minimum profit on individual savings accounts moved to 10.5% from 1 November, and the first banks to post sheets are listed in the November savings rate rise.

What comes next for KIBOR in November

KIBOR will follow the State Bank's money market and its debt auctions this month. The next monetary policy meeting is on 14 December 2026, so the policy rate itself is not due to change before then. Auction results can still push the longer tenors up or down by a few hundredths.

The next SBP meeting on 14 December is the date to watch for a bigger move. Until then, daily changes of 0.01 to 0.05 point, like those on 2 November, are normal.

Common questions

What is the 6 month KIBOR rate today?

12.68% offer and 12.43% bid on 2 November 2026, on the State Bank of Pakistan's sheet.

What is the 3 month KIBOR rate on 2 November 2026?

12.46% offer and 12.21% bid, unchanged from 30 October.

What is 1 year KIBOR on 2 November 2026?

13.03% offer and 12.53% bid, down 0.02 point from 30 October.

Which KIBOR rate does my loan use?

Your loan agreement names it. Most consumer loans use 3 month or 6 month KIBOR, and the offer side, plus a margin set by the bank.

Why did KIBOR rise in late October?

The State Bank raised its policy rate by 0.50 point to 12% from 27 October, which lifted the cost of money between banks.

Where is the official KIBOR published?

On the State Bank of Pakistan's website, as a daily PDF sheet and as a summary on its home page.

How we verified this

What we checked, where we read it, and what we could not confirm.

We read the State Bank of Pakistan's KIBOR sheets for 2 November 2026, 30 October and 23 October 2026, and the State Bank home page, on 2 November 2026. The loan cost example and every change figure are our own arithmetic. We did not check any individual bank's loan margins, which differ by customer and product.