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February 14, 2026

Pakistan’s debt rises by Rs13.7 trillion during Shehbaz Sharif govt’s 22 months

Debt rises from Rs64.8 trillion in February 2024, final month of caretaker setup, to Rs78.5 trillion by December 2025; domestic debt up Rs12.7 trillion and external up Rs1.03 trillion

Monitoring Report

Monitoring Report

February 14, 2026

Pakistan’s debt rises by Rs13.7 trillion during Shehbaz Sharif govt’s 22 months

Federal government debt increased by Rs13.7 trillion during the first 22 months of the Shehbaz Sharif government, rising from Rs64.8 trillion in February 2024, the final month of the caretaker setup, to Rs78.5 trillion by December 2025, The News reported, citing the State Bank of Pakistan (SBP) data.

The increase was recorded between March 2024 and December 2025. Over this period, domestic debt rose by Rs12.7 trillion, while external debt increased by Rs1.03 trillion.

SBP figures show that domestic debt stood at Rs42.7 trillion in February 2024 and climbed to Rs55.4 trillion by December 2025.

External debt amounted to Rs22.1 trillion in February 2024 and increased to Rs23.2 trillion by December 2025.

The data reflects the cumulative rise in federal borrowing during the first 22 months of the current government’s tenure.

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