The federal government’s total public debt stock saw an 11.2% year-on-year (YoY) increase in January 2025, according to the latest data released by the State Bank of Pakistan (SBP). The debt stock rose to Rs. 72.123 trillion in January 2025, compared to Rs. 64.842 trillion in the same month last year.
On a month-on-month (MoM) basis, the public debt stock increased by 0.7%, rising from Rs. 71.647 trillion in December 2024.
The data reveals that the central government’s domestic debt grew by 18% over the past year, increasing from Rs. 42.626 trillion in January 2024 to Rs. 50.243 trillion in January 2025. On a monthly basis, domestic debt also recorded a 0.7% increase compared to December 2024.
Within the domestic debt category, long-term public debt experienced a significant rise, growing from Rs. 34.147 trillion in January 2024 to Rs. 41.825 trillion in January 2025. In contrast, short-term debt saw a slight decline, dropping from Rs. 8.375 trillion to Rs. 8.352 trillion over the same period.
