Central govt debt surges over 6% YoY in July

Mettis Global reported that Pakistan's central government debt stood at Rs83.38 trillion as of July 2026, citing State Bank of Pakistan data. That level was 6.58% above the Rs78.24 trillion recorded in July 2025. Month on month, the total slipped 0.31% from Rs83.64 trillion in June 2026.

Domestic borrowing made up the bulk of the total at Rs59.27 trillion, which included Rs48.38 trillion in long-term debt, Rs10.82 trillion in short-term debt and Rs82 billion through Naya Pakistan Certificates. Domestic debt was 7.79% higher than a year earlier but fell 0.28% from the previous month. Long-term debt rose 4.73% annually, while short-term debt climbed 23.95%, with Market Treasury Bills making up Rs10.69 trillion of that short-term figure.

The external component comprised Rs21.52 trillion in long-term loans and Rs2.59 trillion in short-term loans. Taken together, the figures show that domestic sources still account for the largest share of government borrowing.