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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 emblem features wings, representing the Air Force; an anchor, representing the Navy; and crossed swords along with a crescent and star, representing the Army. [ 3 ] In March 2019, following the renaming of the DSG to the Defence Security Force (DSF), the shoulder titles and cap badges were redesigned and reorganized, though the specific ...
Pakistan Military Accounts Department (PMAD) is an attached department of the Ministry of Defence. It is primarily responsible for making payments to the armed forces, maintaining its accounts and providing financial advice to the defense authorities.
In 1967 it was merged with the Directorate General Munitions Production and then sepatretd in 1970 and was given the dual responsibility of procurement of defense stores/equipment in the country and their local production. [2] After the independence of Bangladesh from Pakistan in 1971, it was split into the Directorate General of Defence Purchase.
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 ...
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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]