Pakistan’s overall debt and liabilities have climbed close to Rs 100 trillion, according to the latest figures from the State Bank of Pakistan (SBP). By the end of June 2026, the total stood at Rs99.6 trillion. This marks a rise of about Rs5.2 trillion from Rs94.4 trillion recorded a year earlier.
The increase happened during the 2025-26 fiscal year. Much of the growth came from higher domestic borrowing. The government needed funds to cover its spending gap. Central government debt alone reached Rs83.6 trillion, up 7.4 percent or roughly Rs5.8 trillion over the year. Domestic debt within this rose faster, growing about 9 percent to around Rs59.4 trillion. External debt grew more slowly at about 3 percent.
Experts note that the debt-to-GDP ratio has improved slightly thanks to economic growth and better fiscal management. The country also posted a primary budget surplus for a third straight year. Still, the large absolute debt size means high interest payments continue to take a big share of government revenue. This leaves less money for development projects, schools, and health services.
External debt and liabilities in dollar terms stood near $139 billion. The rupee’s relative strength helped limit the rise in local-currency terms for foreign loans.
Pakistan has been working under IMF programmes and has taken steps to control spending and boost tax collection. Officials aim for further fiscal tightening in the new year.