Pakistan's public debt rises Rs6.21 trillion to Rs90 trillion in FY26

Pakistan’s public and publicly guaranteed debt reached Rs90.98 trillion at the close of June 2026, up Rs6.21 trillion, or 7.3%, from a year earlier, according to Finance Ministry figures reported by Profit by Pakistan Today. The debt burden relative to GDP nevertheless eased from 74.3% to 71.7%. Domestic borrowing rose Rs4.93 trillion to Rs61.65 trillion, while external debt grew Rs1.29 trillion to Rs29.35 trillion.

Domestic government securities were 27% fixed-rate, and 80% of domestic debt had long-term maturities; average time to maturity was 3.8 years. For external debt, 60% carried fixed rates and 90% had long maturities, with average maturity above six years. The ministry also reported that debt service costs fell 21.7% to Rs6.95 trillion in FY26 from Rs8.88 trillion in FY25, attributing the lower debt-to-GDP ratio to higher nominal GDP, a Rs2.18 trillion primary surplus and debt buybacks.