Pakistan’s outstanding external debt, liabilities reach $139bn in Q4FY26

Mettis Global reported that Pakistan's total external debt and liabilities reached $138.85bn by the end of Q4FY26, based on State Bank of Pakistan figures released on Tuesday. The total rose by $1.932bn, or 1.41 per cent, from the previous quarter and by $3.211bn, or 2.37 per cent, compared with $135.639bn a year earlier.

Public external debt made up 76.89 per cent of the total. The government's external debt rose 5.79 per cent quarter on quarter to $87.03bn and 5.45 per cent year on year. Long-term external debt stood at $77.2bn, up 9.25 per cent from the previous quarter but down 5.61 per cent from a year earlier, while short-term borrowing maturing within one year climbed to $9.827bn from $739m twelve months before.

IMF loans stood at $3.837bn for the central bank and $7.213bn for the federal government. Foreign exchange liabilities dropped to $8.682bn, down 28.33 per cent quarter on quarter and 27.38 per cent year on year. Public sector enterprises owed $7.855bn, banks $8.262bn, the private sector $10.629bn and direct investors $5.348bn.