Pakistan’s total public debt has surged beyond Rs. 81 trillion, as officials revealed during a meeting of the Senate Standing Committee on Economic Affairs. The figures indicate a growing financial burden on the country, with estimates suggesting that each citizen now carries an average liability of approximately Rs. 325,000. This highlights the scale of the economic challenge and the increasing pressure on both the government and the public.
According to the data presented, external debt has crossed Rs. 26 trillion, while domestic borrowing has exceeded Rs. 55 trillion, reflecting a heavy reliance on both international and local sources of financing. Officials pointed to the persistent fiscal deficit as a primary factor behind the rising debt, along with the depreciation of the Pakistani rupee, which has significantly increased the cost of servicing foreign obligations.
Members of the committee also expressed serious concerns regarding governance issues and the inefficient utilization of loans at the provincial level. Reports of unutilized or poorly managed funds raised questions about financial planning and accountability, further intensifying worries about the country’s economic stability. The discussion underscored the urgent need for better fiscal discipline, improved resource management, and structural reforms to address the mounting debt burden.
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