Pakistan’s total debt, liabilities rise to Rs88tr in Q1FY25

February 14, 2025 (MLN): Pakistan’s total debt and liabilities increased to Rs88 trillion in Q1FY25, marking a rise of 7.45% YoY from Rs81.9tr in Q1FY24, according to data from the State Bank of Pakistan (SBP) released on February 14, 2025.

The breakup for the total debt and liabilities shows that total debt stood at Rs85.2tr and liabilities stood at Rs4.42tr during the review period.

The country's total debt comprised of three elements: domestic debt, PSE debt, and external debt, amounting to Rs49.88tr, Rs2.07tr, and Rs33.25tr respectively.

The external debt which includes debt from IMF, intercompany external debt from direct investors abroad, government and non-governmental external debt, decreased by 1.84% YoY as in the same period last year it stood at Rs33.87tr.

It is important to note that the country’s debt from IMF stood at Rs2.37tr, expanding by 10.47% YoY in Q1FY25.

The data released by the central bank further shows that the total liabilities (external and domestic) reduced by 4.29% YoY to Rs4.42tr during the review period.

The last element in the breakup is the consolidated adjustment with reference to on-lending to GOP, amounting to Rs1.6tr in Q1FY25.

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