🇵🇰 Pakistan
Public Sector Debt · 2026
Total Debt
82.2%
of GDP
Global Rank
#45
of 192
Interest Burden
61%
of govt revenue
S&P Rating
CCC+
Credit rating
SOE Debt
+10.9%
2 categories
Interest Cost
7.8%
of GDP (govt only)
Where the Debt Sits
Central Government
Central Government: 71.0%Subnational: 0.3%Energy SOEs: 2.3%Public Corps: 8.6%
Who Holds This Debt
Holder Breakdown
Domestic 60%
Foreign 40%
Domestic: 60%Foreign: 40%
Currency Denomination
Local 55%
Foreign 45%
Local currency: 55%Foreign currency: 45%
Full Debt Breakdown
Central Government71.0% of GDP
Central GovernmentIMF WEO — General Government Debt
71.0%Subnational / Regional0.3% of GDP
SubnationalIMF WEO — General Government Debt
0.3%Energy SOEs2.3% of GDP
Power sector circular debtPakistan Today / IEEFARs 2.393T as of Jun 2024.
2.3%Public Corporations8.6% of GDP
SOE total debt (all entities)Pakistan TodayRs 8.831T total. Top loss-makers: Qesco, Pesco, PIA, Railways, Pakistan Steel.
8.6%Total Corporate Debt12.0% of GDP
Nonfinancial corporate debt (est.)World Bank/SBP/IMF 2024
12.0%Household Debt3.0% of GDP
Household debt (est.)World Bank/SBP/IMF 2024
3.0%Unfunded Pension Liabilities30.0% of GDP
Federal + provincial civil service unfundedPIDE 2023; World Bank 2020Unreformed since 1954. Pension = 12% of net revenue.
30.0%All Layers Total127.2%
Credit Ratings
S&P
CCC+
Moody's
Caa1
Fitch
CCC+
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202671.3% GDP
Ranking Neighbors
Compare Pakistan with other countries
Enter the Arena