Details of the federal government’s borrowing during its first 20 months in office have been revealed, showing a significant increase in overall debt levels.
According to official figures, federal government debt increased by Rs 12,169 billion during the initial 20 months of the current government, covering the period from March 2024 to October 2025. The increase includes both domestic and external borrowing, pushing the total debt to a record level.
Documents released by the State Bank of Pakistan indicate that during this period, domestic debt rose by Rs 11,300 billion, while external debt increased by Rs 869 billion. As a result, the total federal government debt reached Rs 76,979 billion by October 2025, compared to Rs 64,810 billion recorded in February 2024.
The data further shows that the central government’s domestic debt stood at Rs 42,675 billion in February 2024, which increased to Rs 53,975 billion by October 2025, reflecting a sharp rise in local borrowing.
Similarly, federal government external debt amounted to Rs 22,134 billion in February 2024 and exceeded Rs 23,000 billion by October 2025. Economic analysts warn that the continuous rise in debt could place additional pressure on Pakistan’s economy, requiring the government to take tough fiscal measures to manage the growing financial burden.
