Debt In NEWS
Pakistan’s central govt debt hits Rs 78.2 trillion in July 2025
September 2025 - Debt surge is driven by a rise in domestic borrowings, with a smaller increase in external debt, as Pakistan focuses on fiscal consolidation for the year ahead
Pakistan makes record $9.3 billion early debt repayments, says debt profile improving
September 2025 - Finance ministry says Rs2.6 trillion prepaid while
Debt-to-GDP ratio fell to 70 percent in FY25.
OGDCL receives first interest payment of Rs7.725 billion under circular debt settlement plan
August 2025 - E&P giant says total interest amount of Rs92 billion is to be repaid in 12 equal monthly instalments, commencing July 2025
SBP keeps interest rate at 11%
July 2025 - Economic growth forecast at 3.25% to 4.25% for ongoing fiscal year
Govt launches big move to slash power sector debt
July 2025 - The government has initiated major reforms, including tariff adjustments and privatization plans, to reduce mounting power sector debt and ease fiscal pressure.
S&P upgrades credit rating to B-
July 2025 - Projects debt-to-revenue ratio to worsen from 443% to 454% in FY2025
IMF urges Pakistan to present plan for tackling growing circular debt
July 2025 - Total circular debt hits Rs4.9 trillion, with power sector debt at Rs2.381 trillion and gas sector debt at Rs2.8 trillion; government considers loans and levy options to tackle the crisis.
Pakistan central bank reserves rise to $14.51 billion, surpass IMF target
July 2025 - Pakistan’s central bank reserves climbed to $14.5 bn after steady inflows from multilateral lenders and commercial banks, exceeding the IMF-set target and strengthening its external position.
Pakistan’s Public Debt Spiral
June 2025 - Global movement seeks just, sustainable financial solutions for developing nations
China rolls over $3.4 billion loans to Pakistan
June 2025 - Beijing extended two Chinese loan tranches – $2.1 bn in deposits and $1.3 bn in commercial debt – helping Pakistan meet IMF-mandated foreign exchange reserve targets.
Pakistan shares Rs3 trillion gas sector circular debt plan with IMF
May 2025 - Pakistan submitted a gas sector debt plan to the IMF, targeting Rs3 trillion in circular debt as part of budget energy reforms.
IMF Supports with Disbursements and New Climate Loan
May 2025 - IMF approved a $1.4 bn climate resilience loan and released $1 bn following its first review of the $7 bn Extended Fund Facility
Govt debt rises by Rs317bn in a week, total now stands at Rs1.53tr
April 2025 - Islamabad added Rs317 billion to its debt in one week, pushing FY2025's total net borrowing to Rs1.53 trillion, per SBP data.
Power sector circular debt drops by Rs398 billion, stands at Rs2.396 trillion
April 2025 - Pakistan's power sector circular debt hit Rs2.396 trillion by March 2025 – a Rs2 billion rise since July 2024 but a Rs398 billion annual reduction.
Fitch Upgrades Credit Rating
April 2025 - Fitch raised Pakistan’s rating to ‘B-’ citing improved fiscal deficit control and IMF-backed reforms.
Pakistan Seeks Chinese Debt Rollover
April 2025 - Finance minister requested China to roll over loans and extend currency swaps to ease reserve pressure.
Appeal for Global Support at IMF-World Bank Talks
April 2025 - Pakistan aimed to secure funding for climate-vulnerable economies and stabilize its debt-burdened economy.
SBP-held forex reserves decline due to external debt repayments
March 2025 - Islamabad's central bank reserves dropped $540 million to $10.6 billion after debt payments, while total liquid reserves stood at $15.55 billion.
Pakistan’s debt surges, short-term $30.6bn owed in foreign repayments
March 2025 - Domestic debt hits Rs51tr, external obligations add pressure on reserves
Pakistan pays back $1b Chinese loan
March 2025 - Pakistan has paid back a $1 billion Chinese commercial loan on the understanding of getting it refinanced soon, which temporarily pulled down the nation's thin foreign exchange reserves to a six-month low of $10.6 billion.
Govt in talks with banks to address Rs2.3tr circular debt
February 2025 - Federal govt to borrow loans from banks for seven years which will be paid back by electricity consumers
SBP-held reserves decrease by $252 million due to external debt repayments
February 2025 - SBP-held reserves decrease by $252 million due to external debt repayments
SBP buys $4.98bn from interbank market to boost forex reserves
February 2025 - SBP buys $4.98bn from interbank market to boost forex reserves
SBP reserves drop by $76 million amid debt repayments
January 2025 - The State Bank of Pakistan’s foreign exchange reserves dropped by $76.3 million, or 0.67 per cent, to $11.37 billion in the week ending January 24.
Bulk of Pakistan’s foreign debt repayment for FY25 already repaid: SBP chief
January 2025 - Governor State Bank of Pakistan Jameel Ahmad Monday said “bulk of” the country’s foreign debt for the ongoing fiscal year has already been paid.
Pakistan’s debt reaches Rs71.3 trillion, accounts for 67.4% of GDP: Finance Minister
January 2025 - Figure includes Rs24.1 trillion in external debt and Rs47.2 trillion in domestic debt