State Bank of Pakistan

International Relations



	SAARC Payment Initiatives
	SAARCFINANCE - The Network of SAARC Central Bank Governors and Finance Secretaries
	Asian Clearing Union (ACU)

SBP Policy Rate

11.00% p.a.

SBP Overnight
Reverse
Repo (Ceiling) Rate

12.00% p.a

SBP Overnight
Repo (Floor) Rate

10.00% p.a.

Weighted-average Overnight Repo Rate

As on 11-Jul-25
11.06% p.a.

KIBOR
As on 14-Jul-25

Tenor	BID	OFFER
3-M	10.81	11.06
6-M	10.78	11.03
12-M	10.68	11.18

MTBs

Tenor	Cut-off Yield
1-M	11.2403%
3-M	10.9977%
6-M	10.8976%
12-M	10.8000%
(as on July 09, 2025)

Fixed-rate PIB

Tenor	Cut-off Rates
2-Y	11.3900%
3-Y	11.3980%
5-Y	11.7000%
10-Y	12.4995%
15-Y	12.7000%
(as on Jun 18, 2025)

Floating-Rate PIBs (Quarterly Coupon)

Tenor	Cut-off Price
2-Y	Bids Rejected
3-Y	Bids Rejected

Floating-Rate PIBs
(Half-yearly Coupon)

Tenor	Cut-off Price
10-Y	94.5739
(as on Jul 09, 2025)

GIS FRR
Tenor	Cut-off Rental Rate/Price
3-Y	100.2842
5-Y	100.0022

GIS VRR
Tenor	Cut-off Margin/Price
3-Y	99.0800
5-Y	98.7600
(as on 21-Dec-2023)

PIB Auction
(Fixed Rate)
16-Jul-25

MTB
23-Jul-25

Floating Rate PIB
(Semi-Annual Coupon)

23-Jul-25

Floating-rate PIB
(Quarterly Coupon)

04-Feb-25

As on 04-July-25

7

SBP’s Reserves	14,502.2
Bank’s Reserves	5,526.5
Total Reserves	20,028.7

As on 14-Jul-25

M2M
Revaluation Rate

284.7155

Weighted
Average Rate

Bid:	284.4547
Offer:	284.8865


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