The government of Pakistan has retired Rs 194.1 billion in debt during the week ending January 2, 2026, bringing the cumulative net retirement for the ongoing fiscal year 2026 to Rs401.05 billion, according to the State Bank of Pakistan’s weekly report.
Debt repayments are categorized based on purpose: budgetary support, commodity operations, and others. During the week:
| Category | Amount Retired (Rs Billion) |
|---|---|
| Budgetary Support | 196.51 |
| Commodity Operations | 2.54 |
| Others | 0.131 |
| Total | 194.1 |
Cumulatively for FY2026, retirements stand at:
| Category | Amount Retired (Rs Billion) |
|---|---|
| Budgetary Support | 421.7 |
| Commodity Operations | 22.36 |
| Others | 1.7 |
| Total | 445.76 |
The main sources of financing for budgetary support are the State Bank of Pakistan and scheduled banks. So far this fiscal year:
| Entity / Source | Amount (Rs Billion) | Type |
|---|---|---|
| Federal Government | 1,590 | Retirement |
| Provincial Governments | 219.41 | Borrowing |
| AJK Government | 25.11 | Retirement |
| GB Government | 20.43 | Retirement |
| Net Lending to Scheduled Banks | 997.65 | Lending |
Meanwhile, the government has provided Rs 997.65 billion in net lending to scheduled banks, reflecting a balance of repayments and borrowing across federal and provincial levels.
Analysts say these repayments indicate improved fiscal management, aiming to reduce overall debt servicing pressure, while maintaining liquidity for ongoing budgetary and operational needs.