Pakistan to pay Rs18.7 trillion in debt this year: Finance ministry

The federal government has released details of national and foreign debt up to June this year, as reported by the Ministry of Finance.

The data was presented to the National Assembly.

As of June this year, Pakistan’s domestic debt stood at Rs71 trillion, comprising over Rs47 trillion in domestic loans and more than Rs24 trillion in foreign debt. This means that 66% of the total debt is domestic, while 34% is foreign.

Domestic debt is being acquired through government securities, external loans, development partners, and commercial institutions. The Ministry of Finance has also outlined a repayment schedule extending from 2024 to 2040.

For the fiscal year 2024, debt repayments are set at Rs18.7 trillion, followed by Rs8.7 trillion in 2025.

In 2026, repayments will total Rs7.6 trillion, and Rs4.3 trillion in 2027.

Subsequent years will see Rs6 trillion in 2028, Rs8.4 trillion in 2029, Rs2.4 trillion in 2030, Rs2.6 trillion in 2031, and over Rs1 trillion in 2032.