Chaudhry Inam Zafar, Central Vice President of Awaam Pakistan, and Hafiz Usman Abbasi, Additional General Secretary, voiced strong concern over the federal government’s economic direction after State Bank of Pakistan documents revealed a sharp rise in the national debt between March 2024 and February 2026.
The records show an unprecedented increase of Rs 15,072 billion in that two-year span, an escalation that the party described as alarming. According to the data, the debt grew at an average rate of about Rs 21 billion per day, a pace that the leaders say is exerting severe pressure on public finances and the wider economy.
The breakdown in the State Bank figures indicates that domestic obligations rose by Rs 14,004 billion while external liabilities increased by Rs 1,068 billion. Awaam Pakistan highlighted this imbalance to stress how domestic borrowing has been the dominant driver of the overall rise in the national debt.
By the end of February 2024, under the caretaker government, total debt stood at Rs 64,810 billion, making the subsequent surge within a short period particularly notable. The party warned that continuing on this path would deepen economic instability and saddle future generations with mounting fiscal burdens.
Awaam Pakistan urged the government to adopt practical and effective measures aimed at reducing dependence on borrowing, tightening fiscal discipline and restoring confidence in economic management so the national debt trajectory can be put on a sustainable course.
