Sindh’s external debt jumps by $1.84 billion

Sindh has recorded the largest increase in foreign debt among Pakistan’s provinces over the past two years, according to documents released by the federal Ministry of Finance.

The province’s external debt increased by $1.839 billion between June 2024 and June 2026, reaching $5.616 billion by the end of June 2026.

The documents show that Sindh’s foreign debt stood at $3.777 billion in June 2024. The increase over the two-year period was higher than that recorded by any other province.

Punjab also reported an increase in its external debt, although the rise was considerably smaller. Its foreign debt grew by $376 million, reaching $6.402 billion in June 2026, compared with $6.026 billion in June 2024.

Khyber Pakhtunkhwa’s external debt increased by $595 million during the same period, while Balochistan recorded a comparatively modest rise of $33 million.

The figures highlight varying trends in provincial borrowing, with Sindh accounting for the largest increase in foreign debt over the two years.

Despite recording the biggest rise, Sindh’s external debt remained below Punjab’s total of $6.402 billion as of June 2026.