Pakistan’s total debt, liabilities rise to Rs97tr in Q3FY26

May 13, 2026 (MLN): Pakistan’s total debt and liabilities increased to Rs97.31 trillion in Q3FY26, marking a rise of 8.39% YoY from Rs89.77tr in Q3FY25, according to data from the State Bank of Pakistan (SBP) released on May 13, 2026.

The breakup for the total debt and liabilities shows that total debt stood at Rs94.61tr and liabilities stood at Rs4.4tr during the review period.

The country's total debt comprised of three elements: domestic debt, PSE debt, and external debt, amounting to Rs57.57tr, Rs2.03tr, and Rs35.01tr respectively.

The external debt which includes debt from IMF, intercompany external debt from direct investors abroad, government and non-governmental external debt, jumped by 5.66% YoY as in the same period last year it stood at Rs33.14tr.

It is important to note that the country’s debt from IMF stood at Rs2.76tr, expanding by 19.02% YoY in Q3FY26.

The data released by the central bank further shows that the total liabilities (external and domestic) increased by 0.36% YoY to Rs4.4tr during the review period.

The last element in the breakup is the consolidated adjustment with reference to on-lending to GOP, amounting to Rs1.7tr in Q3FY26.

The servicing of total debt and liabilities plunged to Rs7.51tr in Q3FY26, reflecting a decrease of 17.89% YoY compared to Rs9.14tr in the same period last year.

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