Pakistan’s external debt servicing on principal reaches over $4bn in 1QFY27

November 13, 2026 (MLN): Pakistan’s long-term external debt servicing on principal stood at $4.25bn in 1QFY27 (Jul-Sep), according to the latest external debt servicing data by the State Bank.

The figure is provisional and is equal to about 27% of the $15.97bn serviced in the whole of FY26.

Public debt accounted for $2.57bn of the quarter’s principal servicing.

Government debt made up $2.35bn of it, led by $750mn in NBP/BOC deposits/NPC and $596mn in commercial loans and credits.

Multilateral principal payments stood at $512mn and other bilateral at $455mn, while Paris Club payments were $38mn. No principal was due on Eurobonds and Sukuk during the quarter.

Principal servicing to the IMF totaled $215mn, including $206mn by the federal government and $8mn by the central bank. No principal was due on foreign exchange liabilities, which stood at $3.45bn in FY26.

Scheduled banks’ borrowing accounted for $1.37bn, against zero in FY26. Principal on public sector enterprises’ (PSEs) guaranteed debt stood at $97mn, including $91mn in other bilateral and $5mn in commercial loans.

The private sector serviced $211mn in non-guaranteed debt, while PSEs’ non-guaranteed debt, private guaranteed debt and private non-guaranteed bonds saw no principal payments.

In the memorandum items, short-term principal servicing, excluding scheduled banks’ borrowing, stood at $277mn in 1QFY27, all of it government debt. Scheduled banks’ short-term borrowing stood at $10.59bn, with net flows at $855mn.

For FY26, revised data shows total long-term principal servicing of $15.97bn. Public debt accounted for $14.31bn, including government debt of $10.28bn, IMF payments of $581mn and foreign exchange liabilities of $3.45bn.

Within government debt, commercial loans and credits stood at $2.39bn, NBP/BOC deposits/NPC at $2.56bn, multilateral at $2.41bn and Eurobonds and Sukuk at $1.80bn.

Other bilateral payments were $592mn and Paris Club $532mn. PSEs’ guaranteed debt stood at $309mn, non-guaranteed debt at $18mn and private non-guaranteed debt at $1.33bn. Short-term principal servicing excluding bank borrowing stood at $621mn, and scheduled banks’ short-term borrowing at $53.12bn, with net flows of minus $1.30bn.

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