Pakistan’s government reduced its debt by Rs5.84bn in the week ending February 06, 2026, taking the total net retirement for the current fiscal year to Rs7.83bn, according to weekly data released by the State Bank of Pakistan.
The figures show how the government managed its short term borrowing needs across different areas. Official data divides government borrowing into three main purposes. These are budgetary support, commodity operations, and other requirements.
During the reported week, the largest repayment came from budgetary support. The government retired Rs4.09bn under this head. Another Rs3.47bn was paid off under commodity operations, which usually cover financing for key items such as wheat and other essential supplies. However, borrowing under the category labelled others increased, with Rs1.72bn taken during the same period.
Fiscal year picture
When combined with earlier weeks, the total position for fiscal year 2026 shows mixed movement. Overall, the government has retired Rs1.22bn linked to budgetary support since the start of the fiscal year. A much larger retirement of Rs7.88bn has been recorded under commodity operations. At the same time, Rs1.27bn has been borrowed for other purposes.
The central bank data also highlights where the government is getting its financing from. The two main funding sources for budgetary support remain the State Bank of Pakistan and scheduled banks.
So far this fiscal year, the government has repaid a net Rs1.67 trillion to the central bank. Within this total, the federal government accounted for the largest share by retiring Rs1.75 trillion. In contrast, provincial governments increased their borrowing by Rs160.85bn. Meanwhile, the Azad Jammu and Kashmir government retired Rs47.25bn, and the Gilgit Baltistan government paid back Rs29.44bn.
On the other side, the government borrowed a net Rs1.67 trillion from scheduled banks during the same period. The federal government borrowed Rs1.91 trillion from these banks, while provincial governments reduced their debt by Rs244.77bn.
The latest weekly numbers suggest careful cash management by the government, with repayments in some areas balanced by fresh borrowing where needed. Analysts say such movements are common during the fiscal year as authorities adjust financing to meet spending, commodity needs, and budget pressures.
