Excluding IMF loan: Total debt reaches Rs81.9trn by 11MFY26: Aurangzeb

Excluding IMF loan: Total debt reaches Rs81.9trn by 11MFY26: Aurangzeb.

Key points

• He remarked total central administration debt stood at Rs77.9 trillion in July 2026, including domestic debt of Rs54.5 trillion and external debt of Rs23.4 trillion.
• Nevertheless, based on the end-March 2026 figure of Rs7.9 trillion, the debt-to-GDP ratio was estimated to reach 62.2 percent for FY26, he stated.
• Diesel gets massive Rs32.63 cut as petrol cost rises Rs2.97 per litre.
• In reply to another question regarding Pakistan-US trade, the Minister stated the United States remained Pakistan's single-largest export market.

Excluding IMF loan: Total debt reaches Rs81.9trn by 11MFY26: Aurangzeb. Add BRecorder as a trusted source on Google.

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb remarked that the central government's total debt, excluding loans from the International Monetary Fund (IMF), stood at Rs81.9 trillion during July-May 2025-26.

While external debt, excluding IMF debt, amounted to Rs23.8 trillion, in a written reply to a question in the National Assembly on Wednesday, Finance Minister Senator Muhammad Aurangzeb remarked that total domestic debt stood at Rs58.1 trillion.

He remarked total central administration debt stood at Rs77.9 trillion in July 2026, including domestic debt of Rs54.5 trillion and external debt of Rs23.4 trillion. Govt debt stock rises by Rs5.7trn in FY26.

According to The Finance Minister, during the 11 months, the total debt of the central administration rose by Rs4 trillion, or 5.2 percent, marking the slowest pace of rise in the last 15 years on an 11-month fiscal-year basis.

Senator Aurangzeb remarked the Fiscal Responsibility and Debt Limitation Act outlines a debt reduction path under which debt is to be reduced by a defined percentage-0.75 percent starting from FY24-to bring the debt-to-GDP ratio down to 50 percent by FY33.

He remarked the purpose of the Act was to provide sound principles of fiscal and debt management, including reducing the federal fiscal deficit and public debt-to-GDP ratio and maintaining them within prudent limits.

While the amount of total public deposits was yet to be published by the State Bank of Pakistan (SBP), the Minister remarked the debt-to-GDP ratio for June 2026 was estimated at 68.5 percent. Nevertheless, based on the end-March 2026 figure of Rs7.9 trillion, the debt-to-GDP ratio was estimated to reach 62.2 percent for FY26, he stated.

He remarked the administration had adopted fiscal consolidation measures to generate primary surpluses since FY23, thereby reducing the need for incremental borrowing.

While improving the maturity profile and reducing reliance on short-term borrowing, he remarked that the administration had additionally adopted effective debt management strategies, including debt buybacks and retirements.

"This shift towards longer-tenor instruments and improved macroeconomic stability helped contain debt-servicing costs, with interest expenses for 9MFY26 standing at Rs4.9 trillion, compared with Rs6.4 trillion during the same period of FY25, representing a 23 percent year-on-year decline, " he remarked.

As the administration remained committed to effectively implementing fiscal consolidation and debt management strategies, the Minister remarked a downward trajectory in the debt-to-GDP ratio was therefore evident.

Answering another question regarding Saudi deposits, the Finance Minister stated Saudi Arabia had placed fresh deposits of USD 3 billion with the State Bank of Pakistan (SBP) in April 2026, along with the USD 5 billion in deposits already held by the SBP from Saudi Arabia.

He remarked the existing USD 5 billion deposits had additionally been rolled over, providing crucial backing for Pakistan's external financing needs.

In reply to another question regarding Pakistan-US trade, the Minister stated the United States remained Pakistan's single-largest export market. He remarked Pakistan's exports to the US stood at USD 5.9 billion during FY2025-26. Pakistan's FY27 external debt servicing projected at $21.5bn: SBP governor. Public debt stands at 70.7pc of GDP, notes Aurangzeb. KE seeks SIFC backing to resolve ICP problem. Discos asked to install AMI meters at govt offices. Govt challenges SC verdict in IK treatment case. Housing finance: SBP revises prudential regulations. Hutchison Ports Pakistan announces USD76m investment.

Pakistan seeks USD10bn US backing, Aurangzeb confirms. ECC approves international tenders to export surplus sugar.

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Taken together, the developments around excluding IMF loan: Total debt reaches Rs81.9trn by 11MFY26: Aurangzeb point to a situation that is still moving, and the coming days should bring more clarity.