Pakistan’s External Debt Nearly Doubles to $135 Billion in 10 Years

Pakistan’s external debt has nearly doubled in 10 years, crossing $135 billion in 2025. This is according to the World Bank’s International Debt Report 2026.

The report shows the debt rose from $68.67 billion in 2015 to $135.1 billion by the end of 2025

Of this total, $107 billion is public and publicly guaranteed debt. Private sector debt without government guarantees stands at $17.58 billion. Short-term external debt has reached $10.45 billion.

Within the public debt, $56.83 billion is owed to multilateral lenders, $42.43 billion to bilateral lenders, and $7.8 billion to private creditors.

China is Pakistan’s largest single creditor, with $22.4 billion outstanding. The World Bank itself is next, at $19.2 billion. The Asian Development Bank follows, with $16.83 billion owed.

In 2025, China extended the repayment period on $2 billion of Pakistan’s loans. The IMF also released new payments to Pakistan under its Extended Fund Facility and Resilience and Sustainability Facility programs.