Pakistan’s federal debt has grown significantly under the current government. It increased by Rs. 17.12 trillion in the first 26 months, rising from Rs. 64.81 trillion in February 2024 to Rs. 81.93 trillion by April 2026, according to official data from the State Bank of Pakistan.
Domestic debt saw the biggest jump, going up by Rs. 15.41 trillion. External debt increased by Rs. 1.706 trillion during the same period. This means the government borrowed heavily from local banks and markets as well as from foreign sources to cover its spending needs.
The rise in debt comes as Pakistan faces high budget deficits, large interest payments, and the need to repay old loans. Interest payments now take up a big part of the national budget, leaving less money for development, health, and education. Many experts worry that this growing debt puts pressure on the economy and could affect long-term stability.
The government says it is working with the IMF and taking steps to increase revenues and control spending. Recent budgets have focused on fiscal discipline, but challenges remain. Domestic debt now forms the largest part of the total, showing reliance on local borrowing.
This continued increase in debt highlights the need for stronger economic reforms. Citizens hope the government will focus on creating jobs, boosting exports, and improving tax collection to reduce future borrowing.
