State Bank of Pakistan

Educational Resources



	Visit Program
	Zahid Hussain Post Doctoral Research Fellowship Program at State Bank of Pakistan
	SBP Merit Scholarship Scheme 2023-24
	SBP Merit Scholarship Scheme - Application Form

SBP Policy Rate

10.50% p.a.

SBP Overnight
Reverse
Repo (Ceiling) Rate

11.50% p.a

SBP Overnight
Repo (Floor) Rate

9.50% p.a.

Weighted-average Overnight Repo Rate

As on 7-Jan-26
10.81% p.a.

KIBOR
As on 8-Jan-26

Tenor	BID	OFFER
3-M	10.17	10.42
6-M	10.18	10.43
12-M	10.14	10.64

MTBs

Tenor	Cut-off Yield
1-M	10.2000%
3-M	10.1501%
6-M	10.1580%
12-M	10.1590%
(as on Jan 07, 2026)

Fixed-rate PIB

Tenor	Cut-off Rates
2-Y	10.7760%
3-Y	10.8389%
5-Y	11.1900%
10-Y	11.6650%
15-Y	11.9999%
(as on Dec 17, 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	97.1957
(as on Jan 07, 2026)

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)
14-Jan-25

MTB
21-Jan-26

Floating Rate PIB
(Semi-Annual Coupon)

21-Jan-26

Floating-rate PIB
(Quarterly Coupon)

04-Feb-25

As on 02-Jan-26

SBP’s Reserves	16,055.7
Bank’s Reserves	5,136.7
Total Reserves	21,192.4

As on 8-Jan-26

M2M
Revaluation Rate

280.0518

Weighted
Average Rate

Bid:	280.0518
Offer:	280.2142


Home About SBP Publications Economic Data Press Releases Circulars/Notifications	Laws & Regulations Monetary Policy Help Desk SBP Videos SBP Welfare Trust Contact us	What's New? Speeches Online Tenders Web Links Educational Resources Regulatory Returns	Library Rupey ko Pehchano Events Zahid Husain Memorial Lecture Careers Sitemap


Best view Screen Resolution : 1024 * 768 Copyright © 2016. All Rights Reserved.