The Ministry of Finance has released a detailed report on Pakistan’s domestic and foreign debt as of June 2024. According to the report, the country’s total national debt has reached a staggering Rs 71 trillion, comprising over Rs 47 trillion in domestic debt and Rs 24 trillion in foreign debt.
The federal government presented these figures in the National Assembly, along with a comprehensive debt repayment schedule spanning from 2024 to 2040.
The data reveals that 66 per cent of the national debt is sourced domestically, while 34 per cent is owed to foreign creditors. Domestic debt primarily stems from government securities, external loans, development partners, and commercial institutions.
The repayment plan outlines a significant financial burden over the coming years, with Rs 18.7 trillion set to be repaid in 2024 alone.
Subsequent repayments include Rs 8.7 trillion in 2025, Rs 7.6 trillion in 2026, and Rs 4.3 trillion in 2027. The schedule continues with Rs 6 trillion in 2028, Rs 8.4 trillion in 2029, and decreasing amounts each year until 2040.
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