Adviser to the Finance Minister Khurram Shehzad announced on social media platform X (formerly Twitter) that Pakistan has, for the first time in its history, repaid more than Rs2.6 trillion in debt ahead of schedule, marking a major financial milestone.
According to Khurram Shehzad, the Ministry of Finance returned Rs1.633 trillion to the State Bank of Pakistan within just 59 days. This included an early repayment of Rs500 billion on June 30 and another Rs1.133 trillion on August 29.
He further revealed that during the first half of the 2024–25 fiscal year, the government also repaid Rs1 trillion in commercial market loans. As a result, over Rs2.6 trillion in total debt has been retired early in less than a year.
Khurram Shehzad said this move has significantly reduced refinancing risks through 2029, while improving the average debt maturity from 2.7 years to 3.8 years. The early repayment is also expected to save taxpayers more than Rs800 billion.
He stressed that the government is shifting away from debt dependency and moving toward responsible fiscal discipline, which he described as a positive step toward Pakistan’s economic sovereignty and financial stability.
