Quick answer: Pakistan’s total public debt is Rs86,715 billion (Rs86.7 trillion) — about $312 billion — at end-June 2026 (Finance Ministry, Annual Debt Review FY2026). Rs59.4 trillion (69%) is domestic; Rs27.3 trillion (31%) is external. The debt equals 68.3% of GDP, down from 70.6% — and it has risen 340% in ten years from Rs19.7 trillion in 2016.
The headline figure
The Finance Ministry’s Annual Debt Review FY2026 puts total public debt at Rs86,715 billion at end-June 2026. In dollars that’s roughly $312 billion. A second official number exists: under the Fiscal Responsibility and Debt Limitation Act, which nets off government bank deposits, debt is Rs77,168 billion (60.8% of GDP). Both are official; they just count differently.
Domestic vs external
Domestic debt (Rs59,441 billion) is owed inside Pakistan — Pakistan Investment Bonds, Market Treasury Bills, Government Ijarah Sukuk, National Saving Schemes and prize bonds, bought mostly by Pakistani banks and savers. External debt (Rs27,274 billion) is owed abroad — to the IMF, World Bank, Asian Development Bank, bilateral partners (China, Saudi Arabia and others), commercial banks and Eurobond/Sukuk holders. The domestic share (~69%) means most of the debt is owed to Pakistanis themselves.
The 10-year trend
The stock has climbed relentlessly: Rs19.7tr (2016) → Rs36.4tr (2020) → Rs49.2tr (2022) → Rs71.2tr (2024) → Rs80.5tr (2025) → Rs86.7tr (2026) — a 340% rise in a decade. But FY2026 brought a turn: debt grew only 7.7%, one of the slowest rates in twenty years, and the debt-to-GDP ratio fell to 68.3% as GDP (Rs126,870 billion) outgrew the debt.
What it means per person
Spread over the 241.49 million people counted in the 2023 census, Rs86.7 trillion is about Rs359,000 per person — a vivid illustration of scale, not a bill anyone receives. What citizens actually feel is the interest cost: Rs4.95 trillion in nine months of FY2026, the budget’s biggest line. For the full analysis — creditors, the IMF programme and default risk — see the complete Pakistan debt guide.
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Frequently asked questions
What is Pakistan’s total debt in 2026?
Rs86,715 billion (Rs86.7 trillion), about $312 billion, at end-June 2026 — per the Finance Ministry’s Annual Debt Review FY2026.
Is Pakistan’s debt mostly domestic or external?
Mostly domestic — Rs59.4 trillion (69%) is owed inside Pakistan; Rs27.3 trillion (31%) is external.
How much has Pakistan’s debt grown in 10 years?
About 340% — from Rs19.7 trillion in June 2016 to Rs86.7 trillion in June 2026.
