Pakistan’s federal debt has surpassed Rs 70 trillion, largely due to borrowing to cover fiscal deficits, as per the State Bank of Pakistan. In the first two months of fiscal 2024-25, debt rose by 2.1%, totaling Rs 70.362 trillion—a Rs 1.448 trillion increase. Domestic debt saw the biggest jump, rising by Rs 1.179 trillion to reach Rs 48.34 trillion, while external debt increased by 1.2% to Rs 22.023 trillion, helped slightly by a stronger rupee.