Pakistan’s outstanding external debt, liabilities reach $143bn in Q1FY27

November 13, 2026 (MLN): Pakistan’s external debt and liabilities (outstanding) reached $143.05bn at the end of Q1FY27, reflecting an increase of $3.837bn or 2.76% QoQ, the central bank data showed on Friday.

On a yearly basis, the country’s external debt and liabilities went up by $7.787bn or 5.76% YoY during Q1FY27 as the figure stood at $135.262bn at the end of Q1FY26.

According to the latest data issued by the SBP, 76.57% of the entire debt is attributed to public external debt; the combination of the government’s long-term and short-term external debt, IMF loans to the central bank, and foreign exchange liabilities.

The government's external debt stood at $89.88bn during Q1FY27, reflecting an increase of 3.28% QoQ, while going up by 9.06% YoY.

Within the external debt, the long-term debt by the end of the respective quarter stood at $80.82bn, up by by 4.7% QoQ, while down by by 0.78% YoY.

Meanwhile, the short-term debt (less than one year) increased  to $9.054bn compared to the $953m recorded in the same period last year.

The data further shows that International Monetary Fund (IMF's) loans to the  federal government and central bank stood at $3.63bn and $7.236bn respectively during the quarter under review.

The foreign exchange liabilities outstanding during the period under review were recorded at $8.787bn, up by by 1.21% QoQ, while down by by 26.82% YoY.

Apart from public external debt, the remaining outstanding amount comprises borrowing from public sector enterprises, banks, and the private sector.

Outstanding external debt of public sector enterprises (PSEs) clocked in at $8.051bn, up by 2.5% QoQ and 5.39% YoY.

The amount owed to banks stood at $9.34bn during the review period, in which short-term bank borrowing stood at $2.044bn, while long term borrowing was recorded at $1.022bn in the quarter under review.

Private sector debt, which attributed 7.39% of the total external debt amounted to $10.574bn by the end of 1QFY24, down by 0.57% QoQ and 6.18% YoY.

The last element of the total external debt and liabilities was debt liabilities to direct investors (Intercompany debt) which stood at $5.554bn.

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