Pakistan's external debt has nearly doubled over the past decade, surpassing $135 billion, according to the World Bank's International Debt Report 2026.
The report states that Pakistan's total external debt reached approximately $135.1 billion in 2025, compared with around $68.67 billion in 2015.
China remains Pakistan's largest single creditor, with approximately $22.4 billion owed to the country.
The World Bank ranks second among Pakistan's major creditors, with around $19.2 billion in outstanding loans, followed by the Asian Development Bank with approximately $16.83 billion.
Pakistan's public and publicly guaranteed external debt exceeds $107 billion. Private-sector borrowing and short-term liabilities also contribute to the country's total external debt.
The report highlights a difference in borrowing costs. Loans from multilateral institutions carry an average interest rate of around 3.6 percent, while private-sector loans have an average rate of approximately 8.6 percent.
It also states that China extended the repayment period for $2 billion in loans to Pakistan during 2025.
Meanwhile, the International Monetary Fund provided approximately $2.3 billion in additional financial assistance under its Extended Fund Facility and Resilience and Sustainability Facility programmes.
The figures highlight Pakistan's growing external debt burden and the financial challenges associated with future repayments.
