Worried about Pakistan’s $73B debt? You must see this

Pakistan’s total debts and liabilities increased to an all-time high of $73 billion – a net increase of $8 billion this fiscal year, according to the State Bank of Pakistan.

During the current 2013-16 tenure of PMLN government, the cumulative increase in external debt is $12 billion.

External-debt-to-GDP ratio has remained constant at 26% since 2012-13.

The government-debt-to-GDP ratio is touching 65% (64.8% to be precise).

The SBP debt statement by end of June 2016 is here. If you need, download a PDF of SBP debt statement.

Pakistan debt 2016

This is really worrying.

Here are some other worries or indices on Pakistan:

Pakistani nationality ranks second least valuable in the world

Everything about Pakistan’s competitiveness – in 10 photos

Pakistan 15th most powerful military in the world

Nuclear warheads down worldwide, up in South Asia

In World Bank’s 2016 Doing Business Report, Pakistan ranks 138

Pakistan at rock bottom in Human Capital Index 2015

Pakistan world’s 14th most fragile country

Pakistan ranks 5th in terrorism-affected countries list

As S Asia ups economic game, Pakistan risks falling behind: WSJ. The question is why?

Since my 29 August tweet about ‘51% Pakistanis hopeful of future’ went viral (nearly 400 retweets in two days), many tweeps and readers responded with TV screen grabs of our all-time high debt and questioned how I could be optimistic in the presence of such huge debt and if a possible repayment default could be a danger to national security.

As this blog does – gives you a perspective about things affecting Pakistan and the central issues regarding its future – here’s a perspective on public debt by other nations.

So if you are really worried about Pakistan’s debt, the graphics below may help you see the issue in a bigger perspective. It may calm your nerves and save you from panic.

High debt or low debt, we are on an irreversible path of becoming world’s 18th largest economy by 2050.

PS: Global debt levels have reached $152 trillion according to the IMF, equivalent to 225% of world GDP.

20 countries with highest global debt to gdp ratio

20 countries with highest public deb-to-GDP ratio 2016. Japan: 250%. Source: Statista/IMF.

Economy-related posts

Pakistan is now world’s 40th largest economy

Pakistan outperforms 26 frontier and emerging markets in 2016: Bloomberg

It’s the economy, stupid

Africa: Nigeria largest economy, China largest single trading partner

How China overtakes the US economy

The World Bank, meet your challenger: China-led AIIB

Countries with highest global debt to gdp ratio

Countries with highest global deb-to-GDP ratio. Japan and Ireland touching 400%. Source: RBS

Pakistan: The brighter side:

Harvard predicts Pakistan GDP to grow by 5% over next 10 years

40 CPEC projects in 4 photos & 60 seconds

$10B TAPI natural gas pipeline to be operational in 2020

Lahore awaits its Orange Line Metro Train

Take a Metro bus from Pindi to Islamabad and pay 20¢

e-ticketing on Green Line train from Islamabad to Karachi

Pakistan is enjoying a rare period of optimism: The Economist

Pakistan is less corrupt than last year. This is good news. What’s the bad news?

world debt by country map

Gross public debt as % of GDP. US, Canada, some European countries and Japan highest. Source: Actualitix.

world debt by country chart

Total global debt until last year was: $60 trillion. Which country owns most of this debt? Source: Visual Capitalist

Do not miss our Understanding Pakistan Series

Back to the future: Pakistan in 2050

Wali on Pakistan of future

A miracle: Pakistan score in Long Term Orientation goes from Zero to 50

Pakistani culture through 6-D Model

Native languages in Pakistan

How future oriented are we?

How we messed up Pakistan: A series by Wali

Pakistan’s two value crimes no one talks about

Will you choose Project Ignorance over education?


  1. The compilation and info-graphics are quite encouraging.

    On a lighter note, I was reading somewhere else that if the entire planet is in debt, whom do we owe? 😀

Leave a Reply

Your email address will not be published. Required fields are marked *