ISLAMABAD, April 20 — Pakistan’s government debt increased by Rs15.07 trillion over the first two years of the current administration, according to data from the State Bank of Pakistan, underscoring sustained fiscal pressure.
Total federal debt rose from Rs64,810 billion in February 2024 to Rs79,882 billion by February 2026, reflecting continued borrowing to meet budgetary needs and financial obligations.
Domestic borrowing drives increase
Domestic debt accounted for the largest share of the rise, increasing by Rs14,040 billion during the period.
External debt also grew, though at a slower pace, rising by Rs1,068 billion over the same timeframe.
Debt rising at steady pace
Based on central bank figures, government debt expanded at an average rate of around Rs21 billion per day between March 2024 and February 2026.
The data highlights the pace at which public liabilities have increased over the two-year period.
Comparison with previous level
At the end of the caretaker government in February 2024, total federal debt stood at Rs64,810 billion.
The latest figures indicate a significant increase since then, pointing to continued reliance on borrowing.
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