Islamabad: Pakistan’s federal government debt has increased significantly during the tenure of Prime Minister Shehbaz Sharif, with official data revealing a rise of Rs14.5 trillion over a span of 23 months.
According to documents released by the State Bank of Pakistan (SBP), the surge in debt occurred between March 2024 and January 2026. The figures show that domestic debt witnessed a substantial increase of Rs13.303 trillion, while external debt rose by Rs1.209 trillion during the same period.
The data highlights the growing reliance on borrowing amid ongoing fiscal pressures, as the government navigates economic challenges, including budget deficits, debt servicing obligations, and efforts to stabilize the economy.
Analysts note that the sharp increase in domestic borrowing reflects the government’s strategy to meet its financing needs through local sources, while external inflows remained comparatively limited.
The rising debt burden underscores the importance of fiscal discipline and sustainable economic reforms, as Pakistan continues efforts to manage its liabilities while supporting growth and development.
