Pakistan’s federal government debt rose by 1.3 percent on a month-on-month basis in December 2025, reaching Rs. 78.5 trillion, according to data released by the State Bank of Pakistan.
On a year-on-year basis, central government debt increased by 9.6 percent, compared with Rs. 71.5 trillion recorded in December 2024.
External debt of the central government climbed to $82.7 billion in December 2025, up from $81.7 billion in November 2025. In June 2025, external debt stood at $82.5 billion, indicating a modest rise over the six-month period.
Meanwhile, central government domestic debt increased by 11.0 percent year-on-year and 1.4 percent month-on-month, reaching Rs. 55.4 trillion in December 2025.
Within domestic debt, long-term public debt rose significantly over the past year, increasing from Rs. 41.1 trillion to Rs. 46.56 trillion. In comparison, short-term debt saw a marginal increase, moving from Rs. 8.69 trillion to Rs. 8.74 trillion during the same period.
