Pakistan’s Federal Debt Rises by Rs12.17 Trillion in First 20 Months of Current Government

Islamabad:Details of the borrowing undertaken by the federal government during the first 20 months of the current administration have come to light, revealing a sharp increase in public debt.
According to official figures, federal government debt increased by **Rs12,169 billion** during the initial 20 months, spanning from **March 2024 to October 2025**.
Documents released by the **State Bank of Pakistan (SBP)** show that during this period, the federal government’s **domestic debt rose by Rs11,300 billion**, while **external debt increased by Rs869 billion**. As a result, total federal government debt climbed to **Rs76,979 billion by October 2025**, compared to **Rs64,810 billion in February 2024**.
SBP data further indicates that the central government’s **domestic debt stood at Rs42,675 billion in February 2024**, which increased to **Rs53,975 billion by October 2025**.
Similarly, the federal government’s **external debt**, which was **Rs22,134 billion in February 2024**, rose to **over Rs23,000 billion by October 2025**.
The figures highlight a substantial rise in both domestic and foreign borrowing during the early period of the current government.