Pakistan’s Federal Debt Rises by Rs15 Trillion in First Two Years of Current Government
ISLAMABAD: Pakistan’s federal debt increased by a record Rs15,072 billion during the first two years of the current government, according to documents released by the State Bank of Pakistan.
The data shows that the surge in borrowing occurred between March 2024 and February 2026, translating into an average daily increase of approximately Rs21 billion.
According to the central bank’s breakdown, domestic debt rose by Rs14,004 billion, while external debt increased by Rs1,068 billion over the two-year period. As a result, the total federal debt reached Rs79,882 billion by February 2026.
For comparison, the total federal debt stood at Rs64,810 billion at the end of February 2024, during the final month of the caretaker government.
The figures highlight a sharp rise in borrowing, reflecting mounting fiscal pressures and increased reliance on both domestic and external financing sources.
