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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 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of ... Increase in defense expenditures to Rs1,804bn, consisting of a 15.4% ...
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 ]
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
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 Pakistan Army Amendment Bill 2023 aims to modify the clauses within the Pakistan Army Act of 1952. Its purpose is to establish the foundational framework for the establishment and continuous upkeep of the National Army. [1] The bill was approved by both the Senate and National Assembly and sent to President Arif Alvi for his signature. The ...
In February 2023, Pakistani cabinet approved 'Finance Supplementary Bill 2023' for Mini Budget. [4] The budget for FY2022-23 aimed to raise Rs. 7 trillion ($34.6 billion) in tax revenue, raise Rs. 372 billion ($1.8 billion) from Sukuk and Eurobonds, target a primary surplus of 0.2% of GDP, target a fiscal deficit of 49% of GDP and meet IMF ...
[36] [37] [38] The budget allocation for the Pakistan Armed Forces at over 20% of the annual budget of Pakistan. Elected officials and the lawmakers have been forced to come under military rule for over 30 years of Pakistan's existence. [39]