Pakistan’s federal government debt climbed to Rs. 79.3 trillion in January 2026, marking a 1 percent increase compared to the previous month, according to the latest figures released by the State Bank of Pakistan.

On a yearly basis, the debt stock rose by 10 percent from Rs. 72.1 trillion recorded in January 2025.

The central government’s external debt stood at $83.4 billion in January 2026, up from $82.7 billion in December 2025. In June 2025, external obligations were reported at $82.5 billion, indicating a gradual buildup over the past seven months.

Domestic debt also continued its upward trajectory, increasing by 11.4 percent year-on-year and 1.1 percent month-on-month to reach Rs. 55.9 trillion in January 2026.

Within domestic liabilities, long-term public debt expanded from Rs. 41.825 trillion a year earlier to Rs. 47.122 trillion. Meanwhile, short-term debt rose from Rs. 8.352 trillion to Rs. 8.784 trillion over the same period.

The latest data reflects sustained reliance on both domestic and external borrowing to meet fiscal requirements.