The Government of Pakistan added Rs183.17 billion in new debt during the week ending January 09, 2026, bringing cumulative net retirement in FY26 to Rs217.88 billion, according to weekly estimates issued by the State Bank of Pakistan (SBP).

Government borrowing is classified into three categories: budgetary support, commodity operations, and “others.” During the review week, net borrowing for budgetary support amounted to Rs196.04 billion, while commodity operations saw a net retirement of Rs12.87 billion. An additional Rs7 million was retired under the “others” category.

This takes cumulative FY26 flows to a net retirement of Rs225.67 billion for budgetary support, fresh borrowing of Rs9.5 billion for commodity operations, and a net retirement of Rs1.71 billion under others.

Budgetary financing primarily comes from the SBP and scheduled banks. In FY26 so far, the government has made a net retirement of Rs1.52 trillion to the central bank, comprising Rs1.55 trillion retirement by the federal government, Rs24.41 billion by the AJK government, and Rs19.75 billion by the GB government, whereas provincial governments borrowed Rs80.7 billion.

By contrast, the government has cumulatively borrowed Rs1.29 trillion from scheduled banks during the fiscal year. This includes Rs1.49 trillion borrowing by the federal government, offset by Rs194.87 billion retirement by the provincial governments.