ISLAMABAD – The federal government’s debt stock swelled by Rs13.078 trillion during the first 16 months of the incumbent government, reaching Rs77.888 trillion.
On an average, over Rs817.375 billion debt per month was taken during the first 16 months (March 2024 to June 2025) tenure of the PML(N)-led incumbent government, official documents revealed. During the first 16 months of the incumbent regime, Pakistan’s federal government debt stock swelled by more than 20 percent or Rs13.078 trillion, reaching Rs77.888 trillion. During February 2024, the last month of the interim government, Pakistan’s total debt was Rs64.810 trillion, which has ballooned to Rs77.888 trillion by June 2025.
During the 16 months of the incumbent government, from March 2024 till June 2025, the domestic debt of the federal government increased by 27.64 percent, while the external borrowing enhanced by 5.80 percent. The bulk of the increase stemmed from domestic debt, which jumped by Rs 11.796 trillion or 27.641 percent, reaching Rs 54.471 trillion by June 2025 against Rs 42.675 trillion in February 2024 – during the last month of the interim government. While the federal government’s external debt increased by Rs1.282 trillion or 5.8 percent, from Rs22.134 trillion in February 2024 and reached Rs23.417 trillion by June 2025. The external debt included Rs23.207 trillion in long-term loans and Rs210 billion in short-term borrowings. Notably, according to the State Bank of Pakistan documents, Pakistan’s total debt and liabilities have reached Rs94.197 trillion by June 2025. During the previous fiscal year 2024-25, an increase of Rs 8.740 trillion was recorded in the country’s debt and liabilities.
