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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 PSX Dividend 20 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period. PSX Dividend 20 Index benchmark top 20 dividend paying companies at PSX based on the last 12-month dividend yield. [1] [2] [3] [4]
The modern history of the Pakistan Army dates back to the formation of Pakistan in 1947, following the partition of the India subcontinent. [1] The army was initially formed as a professional land force by inheriting the assets and personnel of the British Indian Army, with its first commander-in-chief, Frank Messervy.
In 2015 the Pakistan Army ordered 12 Bell AH-Z Viper attack helicopters, with an option of 3 more to replace its aging AH-1F Cobras. Following cancellation of $300 million military aid to Pakistan by the US government, the helicopters were put into storage at Davis-Monthan AFB, Arizona. [150] [151]
In March 1956, the order of precedence of the Pakistani military's three formal services changed from "Navy-Army-Air Force" to "Army-Navy-Air Force". [ 26 ] [ non-primary source needed ] Between 1947 and 1971, Pakistan fought three direct conventional wars against India , with the Indo-Pakistani War of 1971 witnessing the secession of East ...
Youm-e-Takbir (Urdu: یومِ تکبیر, lit. "The Day of Greatness") is a national day celebrated in Pakistan on May 28 each year. It commemorates the Chagai-I and Chagai-II nuclear tests conducted by Pakistan in 1998. These tests made Pakistan the seventh country to possess nuclear weapons and the first Islamic-majority nation to do so. [8] [9]
Pakistan Army's ASC trucks moving personnel in 1971. The Pakistan Army Corps of Service is a military administrative and combat service support branch of the Pakistan Army. [1] [2] [3]
8 August – Arshad Nadeem clinches Pakistan's first Olympic track and field medal after winning gold at the men's javelin throw at the 2024 Summer Olympics in Paris. [ 100 ] 9 August – Three soldiers and four militants are killed in attacks on three army outposts in the Tirah Valley , Khyber Pakhtunkhwa, that are claimed by the Gul Bahadur ...