Govt domestic debt, liabilities near Rs58tr in September

November 13, 2026 (MLN): The total government domestic debt and liabilities have increased by 7.95% to Rs57.89 trillion in September 2026, compared to Rs53.63tr in September 2025, the latest data released by the State Bank of Pakistan (SBP) showed.

On a sequential basis, domestic debt and liabilities have decreased by 1.61% compared to Rs58.84tr in August 2026.

According to details provided by the State Bank of Pakistan (SBP), the larger portion of the debt was permanent debt, which totaled Rs44.14tr, signifying a growth of 6.44% YoY.

This comprised Rs43.23tr in federal government bonds, Rs474.94bn in SBP's on-lending to the government of Pakistan against SDRs allocation, Rs439.9bn worth of prize bonds, and the remaining Rs2.8bn in market loans.

The floating debt rose by 16.28% in September to Rs9.77tr compared toRs8.4tr in the same period last year.

Market Treasury Bills comprised the major proportion of the total floating debt, and stood at Rs9.64tr in September 2026.

Similarly, the government's unfunded debt increased by 9.21% YoY to Rs3.4tr in September 2026, primarily due to a significant rise of 9.38% YoY in saving schemes, which amounted to Rs3.32tr compared to Rs3.04tr in the SPLY.

Foreign currency loans fell significantly as they clocked in at Rs371.1bn in September 2026, compared to Rs378.8bn in September 2025.

Borrowing through Naya Pakistan Certificates also elevated by 21.09% YoY to Rs75.8bn in September 2026.

Conversely, on a sequential basis, it fell by 14.06% in September compared to Rs88.2bn in August.

Moving forward, domestic liabilities of the government dropped by 33.23% YoY and were reported at Rs134.8bn in the review month.

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