ISLAMABAD, November 6, 2026: Pakistan’s total external debt nearly doubled over the decade ending in 2025, rising from $68.67 billion in 2015 to $135.11 billion in 2025, according to the World Bank’s International Debt Report 2026.
The figures show an increase of approximately $66.43 billion over 10 years, reflecting a rise of nearly 97 percent in the country’s outstanding external debt.
The report provides a breakdown of Pakistan’s foreign debt obligations, including public and publicly guaranteed borrowing, private-sector debt and short-term liabilities.
Of the total $135.107 billion external debt recorded in 2025, public and publicly guaranteed debt accounted for $107.076 billion, while private non-guaranteed debt stood at $17.58 billion.
Short-term external debt amounted to approximately $10.45 billion.
Multilateral lenders account for largest share
According to the World Bank report, Pakistan owed $56.83 billion to multilateral creditors under its public and publicly guaranteed external debt obligations.
Bilateral creditors accounted for another $42.43 billion, while outstanding obligations to private creditors totalled approximately $7.8 billion.
The figures indicate that multilateral financial institutions and bilateral lending partners continued to account for the overwhelming majority of Pakistan’s publicly guaranteed external borrowing.
China remained Pakistan’s largest individual bilateral creditor, with outstanding loans of approximately $22.4 billion.
Among major institutional creditors, the World Bank accounted for $19.2 billion, followed by the Asian Development Bank (ADB) with $16.83 billion.
China extends loan repayments as IMF provides fresh financing
The report also highlighted developments in Pakistan’s external financing arrangements during 2025.
China extended the repayment period for $2 billion in loans owed by Pakistan, providing additional time for the country to meet its financial obligations.
Meanwhile, the International Monetary Fund (IMF) provided $2.3 billion in new financing under its Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF).
The IMF financing was intended to support Pakistan’s longer-term economic stabilisation efforts and strengthen its ability to address economic and climate-related vulnerabilities.
The World Bank’s figures underline the scale of Pakistan’s external debt obligations after a decade of increased borrowing.
With total external debt reaching $135.1 billion by the end of 2025, the country’s debt position remains closely linked to its relationships with multilateral institutions, bilateral creditors and international financial markets.