Pakistan’s Ministry of Finance has highlighted what it calls significant progress in strengthening the country’s debt profile, pointing to a lower debt-to-GDP ratio, early repayments, and reduced fiscal pressures. Debt Load Shrinks Relative to EconomyAccording to official figures, Pakistan’s public debt now stands at 70% of GDP in FY2025, down from 74% three years earlier. More importantly, Pakistan maintained a primary surplus (excluding interest payments) of 2.4% of GDP for the second consecutive year. OutlookThe Finance Ministry insists that Pakistan’s debt path is now “more sustainable than headline figures suggest,” crediting fiscal consolidation, early repayments, and stronger external balances. While challenges remain, particularly in sustaining growth alongside debt reduction, the numbers mark a shift from Pakistan’s historically precarious debt position.