According to the Ministry of Finance, the average debt for each person in Pakistan has now reached PKR 295,000, highlighting the growing financial struggles the country is facing. This increase in debt shows how much the government has relied on borrowing over the years to manage the country’s affairs.
The total debt of Pakistan has grown by PKR 8.36 trillion, now standing at PKR 71.24 trillion. This is a major rise compared to the previous year, when the debt was PKR 62.88 trillion. To put it in perspective, the total debt now makes up 67.2% of Pakistan’s Gross Domestic Product (GDP), which is a significant portion of the country’s overall economic output.
Breaking it down, the domestic debt has increased by PKR 8.35 trillion, bringing the total to PKR 47.16 trillion. On the other hand, the country’s external debt (money owed to foreign lenders) now amounts to PKR 33.06 trillion. Of this, the net government external debt—the amount Pakistan owes after accounting for assets and other financial factors—has reached PKR 21.75 trillion.
These rising debt levels reflect the tough economic challenges Pakistan is dealing with. As the country continues to borrow more money to cover expenses, there are increasing concerns about how these financial burdens will impact the future economy and the citizens of Pakistan.
