Pakistan’s total debt, liabilities rise to Rs100tr in FY26

Mettis Global reported that Pakistan's total debt and liabilities climbed to Rs99.59tr in FY26, based on State Bank of Pakistan data. That figure represents a 5.51 per cent rise from Rs94.39tr recorded in FY25. Of the total, debt stood at Rs97.88tr while liabilities came to Rs3.42tr.

The debt component was split into Rs59.44tr of gross government domestic debt, Rs2.24tr of PSEs' domestic debt and Rs36.20tr of external debt. External debt rose 3.14 per cent from Rs35.10tr in FY25, and the IMF portion grew 16.84 per cent to Rs3.07tr from Rs2.63tr. Total liabilities, by contrast, fell 23.23 per cent to Rs3.42tr from Rs4.46tr, with external liabilities dropping to Rs2.41tr from Rs3.39tr.

Debt servicing eased 9.08 per cent to Rs11.97tr in FY26 from Rs13.16tr a year earlier. Interest payments made up the largest share at Rs7.27tr, down 23.24 per cent, mainly because interest on government domestic debt fell to Rs5.99tr from Rs8.08tr. Principal repayments on external debt and liabilities rose to Rs4.47tr from Rs3.47tr, while short-term principal servicing reached Rs174bn from Rs96bn.