ISLAMABAD – The Federal govt’s debt stock increased sharply during the first 16 months of the incumbent administration, official documents show.
The data revealed that Pakistan’s total debt rose by Rs13.078 trillion between March 2024 and June 2025. This took the overall figure to Rs77.888 trillion by June 2025. On average, the government borrowed more than Rs817 billion every month during this period.
In February 2024, the last month of the interim government, total debt stood at Rs64.810 trillion. Within 16 months, the Federal govt’s debt rose by over 20 percent, reaching Rs77.888 trillion.
The increase was mainly driven by domestic borrowing. Domestic debt jumped by Rs11.796 trillion or 27.64 percent, rising from Rs42.675 trillion in February 2024 to Rs54.471 trillion in June 2025.
External debt also went up but at a slower pace. It rose by Rs1.282 trillion, an increase of 5.8 percent. External borrowing grew from Rs22.134 trillion in February 2024 to Rs23.417 trillion by June 2025. Out of this, Rs23.207 trillion came from long-term loans, while Rs210 billion was short-term borrowing.
According to the State Bank of Pakistan, the country’s total debt and liabilities reached Rs94.197 trillion by June 2025. This marked an increase of Rs8.740 trillion during the fiscal year 2024-25 alone.
Analysts say the rise in debt highlights the growing pressure on the economy. They also note that reliance on domestic borrowing has significantly increased. The Federal govt’s financial policies and future borrowing plans are expected to remain under close watch in the coming months.
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