Islamabad, Pakistan: Pakistan’s external debt reached $92.2 billion by the end of March 2026, according to the Economic Survey of Pakistan.
The debt stock increased by $364 million during the first nine months of FY2026. The survey said the pace of accumulation remained slower than in the previous year.
The federal government’s outstanding external debt stood at $82.26 billion. Obligations to the International Monetary Fund amounted to $9.89 billion, or about 11% of total external debt.
Long-term external debt rose to $68.41 billion, while short-term external liabilities stood at $13.85 billion. The survey said the government was gradually shifting away from expensive short-term borrowing toward longer-term financing.
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Loans from the World Bank, Asian Development Bank and other multilateral institutions totalled $42.48 billion. The figure accounted for 46% of Pakistan’s external debt stock.
Debt owed to the Paris Club increased to $5.49 billion, equal to nearly 6% of total external debt. Bilateral loans from non-Paris Club countries exceeded $19 billion.
The outstanding value of Eurobonds and international Sukuk stood at $6.3 billion. Borrowing from foreign commercial banks reached $6.32 billion, according to the Economic Survey.
The International Monetary Fund’s Pakistan country page listed Pakistan’s outstanding IMF purchases and loans at 7.14 billion Special Drawing Rights as of March 31, 2026.
The survey projected that ongoing reforms and higher revenue generation would help reduce the debt burden over the medium term.
