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As of 2024, Pakistan’s defense budget is 1.7 percent of its GDP. [4] This represents a decrease compared to previous years, with the defense spending in 2022-23 being around 2% of the country’s GDP. [5] Despite facing economic challenges, Pakistan continues to allocate a substantial portion of its budget to defense. [6]
The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [1] [2] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [3]
The budget included funding for a number of development initiatives to increase the nation's economic growth rate. The original outlays for the PDSP being estimated at Rs. 2.66 trillion for the development programme, which included a Rs 950 billion federal Public Sector Development Programme (PSDP), that was approved by the Annual Plan Coordination Committee (APCC). [5]
Pakistan's government is seen targeting a fiscal deficit of 7.7% of GDP for the 2023-24 fiscal year, a source told Reuters on Friday ahead of the finance minister's budget speech, much wider than ...
The Cabinet Committee on National Security (CCNS or C 2 NS), (Urdu: کابینہ کمیٹی قومی سلامتی) previously known as the Defence Committee of Cabinet, [1] is the principal federal institution and consultative forum used by the people-elected Prime Minister of Pakistan for concerning matters of state's national security, geopolitical, geostrategic, and foreign policy matters ...
In 1993, Benazir Bhutto's defence budget for the year was set at PKR 94 billion (US$3.3 billion), which represented 27% of the government's circular spending and 8.9% of GDP, in calculations shown by the United States military. [188]
Pakistan embarked on its maiden lunar mission with the successful launch of the iCube Qamar (Moon). 8 May: Six militants are killed in separate military raids in Khyber Pakhtunkhwa. [55] A girls' school is damaged in a bomb attack in Shawa, Khyber Pakhtunkhwa, injuring a guard. [56] 9 May - Seven barbershop workers are killed by militants in ...
JAKARTA (Reuters) -Indonesia's outgoing president has approved a 20% increase in defence spending through the end of next year, to upgrade the country's military hardware in response to ...
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