Pakistan’s government borrowing has increased sharply, reaching an average of around Rs. 21 billion per day, according to recent data from the State Bank of Pakistan. This highlights the growing pressure on the country’s financial position.
Official figures show that total government debt rose by over Rs. 15 trillion between March 2024 and February 2026. As a result, the overall debt stock has climbed to nearly Rs. 80 trillion, reflecting a rapid increase in liabilities within a short period.
A major portion of this rise comes from domestic borrowing, which increased by more than Rs. 14 trillion. External debt also grew, but at a slower pace, adding around Rs. 1 trillion during the same period. This shows that the government is relying more on local sources to meet its financing needs.
The surge in borrowing is mainly linked to ongoing fiscal challenges, including high debt servicing costs, limited revenue collection, and the need to manage budget deficits. To bridge this gap, the government continues to borrow from both domestic markets and international lenders.
Despite these challenges, officials aim to maintain economic stability while managing repayment obligations. However, experts warn that sustained borrowing at this pace could increase financial risks if not controlled.
Overall, the rising borrowing trend reflects the urgent need for stronger fiscal management and long-term economic reforms in Pakistan.