Pakistan’s federal government debt witnessed a significant increase of Rs 4,304 billion during the first eight months of its current term, referencing official documents. By October r2024, the total federal debt had escalated to Rs 69.114 trillion from Rs 64.810 trillion in February, as per the available records.
The increase was primarily in domestic debt, which surged by Rs 4,556 billion. Conversely, foreign debt reduced Rs 251 billion during the same period.
Consequently, domestic debt amounted to Rs 47.231 trillion in October, up from Rs 42.675 trillion in February. Meanwhile, foreign debt reduced to Rs 21.884 trillion from Rs 22.134 trillion.
Read: Pakistan’s Each Citizen Owes PKR 295,000 as National Debt Soars PKR 71.24 Trillion
Additionally, earlier in October, Pakistan’s central government debt peaked at an unprecedented Rs 70,362 billion, the highest ever recorded in the nation’s history.
Data from the State Bank of Pakistan (SBP) indicates that the federal debt rose by Rs 1,448 billion in just the first two months of the current fiscal year, with a significant addition of Rs 739 billion in August alone. From September 2023 to August 2024, it has skyrocketed by an astounding 6,392 billion.
