Born into debt: Every Pakistani owes over Rs333,000
Key takeaways
- The report revealed that debt per capita rose from Rs294,098 in fiscal year 2023-24 to Rs333,041 in fiscal year 2024-25, marking an increase of nearly Rs39,000 per person in just one year.
- Pakistan’s growing public debt has emerged as a major challenge for the government and the economy.
- The country’s total public debt climbed to Rs97.3 trillion, up from Rs89.8 trillion a year earlier, driven largely by higher interest payments.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: The debt burden on every Pakistani citizen increased by 13% during the last fiscal year, pushing per capita public debt to Rs333,041, according to the Ministry of Finance’s report.
The report revealed that debt per capita rose from Rs294,098 in fiscal year 2023-24 to Rs333,041 in fiscal year 2024-25, marking an increase of nearly Rs39,000 per person in just one year.
Pakistan’s growing public debt has emerged as a major challenge for the government and the economy. Economists warn that the continuous rise in borrowing is becoming increasingly alarming and could create further fiscal pressures in the coming years.