Islamabad, Aug 30: For the years 2024–2032, Pakistan is expected to pay back around Rs. 60 trillion in debt, of which Rs. 18.3 trillion is due to international creditors and Rs. 41.3 trillion is domestic.
Media has access to government papers that show the Finance Division has scheduled debt servicing through the year 2040. Every year that goes by, it is anticipated that debt payments will decrease dramatically; the remaining Rs. 6.1 trillion will be paid off in full between 2033 and 2040.
By June of this year, Pakistan’s total debt was Rs. 71 trillion. Thirty-four percent of this debt is international, while sixty-six percent is local, according to the Ministry of Finance. The nation owed 24 trillion rupees in foreign debt as of June, compared to 47 trillion rupees in domestic debt. It is important to note that our foreign debt originates from commercial companies and development partners, while our domestic debt is essentially the result of the sale of government securities.
A debt payback plan that runs from 2024 to 2040 has also been outlined by the Ministry of Finance. There would be two repayments: Rs. 8.7 trillion in 2025 and Rs. 18.7 trillion for the current year. The repayment schedule is still in place, with 7.6 trillion to be paid back in 2026 and 4.3 trillion in 2027.
| 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | 2036 | 2037 | 2038 | 2039 | 2040 | |
| Domestic Debt (PKR/trillion) | 13.7 | 6.4 | 5.3 | 2.3 | 4.4 | 6.8 | 1.2 | 1.1 | 0.1 | 0.4 | 0 | 0.1 | 0 | NA | 0 | 0.1 | 0.5 |
| Foreign Debt (PKR/trillion) | 5 | 2.2 | 2.3 | 2 | 1.6 | 1.6 | 1.1 | 1.5 | 1 | 0.8 | 0.8 | 0.7 | 0.8 | 0.6 | 0.5 | 0.4 | 0.3 |
| Total Debt (PKR/trillion) | 18.7 | 8.7 | 7.6 | 4.3 | 6 | 8.4 | 2.4 | 2.6 | 1.1 | 1.2 | 0.8 | 0.9 | 0.8 | 0.6 | 0.5 | 0. 4 |
0. 3 |
The government intends to repay Rs. 6 trillion by 2028, with an additional Rs. 8.4 trillion slated for 2029. The remaining amounts are scheduled for repayment in the following years: Rs. 2.4 trillion in 2030, Rs. 2.6 trillion in 2031, and an additional Rs. 1.1 trillion in 2032.
