Pakistan’s federal government public debt stock soared to Rs. 74.936 trillion in April 2025, marking a 13.4 percent increase compared to the same month last year, according to the latest figures released by the State Bank of Pakistan (SBP).

The SBP’s monthly report reveals that the public debt stood at Rs. 66.088 trillion in April 2024. On a month-on-month basis, the debt stock also saw a 1.7 percent uptick from Rs. 73.688 trillion in March 2025.

A closer look at the data shows that domestic debt continues to drive the upward trend. The central government’s domestic debt jumped by 18.1 percent over the year, rising from Rs. 44.486 trillion in April 2024 to Rs. 52.523 trillion in April 2025. Compared to the previous month, domestic debt increased by 2 percent.

Within the domestic debt category, long-term public debt saw a significant surge of 25.3 percent, climbing from Rs. 35.227 trillion last year to Rs. 44.132 trillion this April. In contrast, the stock of short-term debt actually shrank by 9.1 percent, falling from Rs. 9.166 trillion to Rs. 8.328 trillion over the same period.