Govt domestic debt, liabilities rise 8% YoY in July

Mettis Global reported that the government's total domestic debt and liabilities reached Rs59.41 trillion in July 2026, based on fresh data from the State Bank of Pakistan (SBP). That is 7.61 per cent higher than Rs55.2 trillion a year earlier, although it stood 0.28 per cent below the Rs59.57 trillion recorded in June 2026.

Permanent debt accounted for Rs45.03 trillion, up 5.33 per cent year on year, and was made up mostly of federal government bonds worth Rs44.12 trillion. Floating debt climbed 23.95 per cent to Rs10.82 trillion, with market treasury bills making up Rs10.69 trillion of that total.

Unfunded debt rose 8.96 per cent to Rs3.34 trillion, a rise largely driven by a 9.29 per cent increase in saving schemes to Rs3.26 trillion. Foreign currency loans dropped sharply to Rs11.7 billion from Rs377.2 billion a year earlier, while Naya Pakistan Certificates borrowing grew 15.41 per cent to Rs82.4 billion.