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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]
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 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 ...
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]
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]
In November 2017, DGDP renewed a Memorandum of Understanding (MoU) with Pakistan National Shipping Corporation (PNSC). They have been in working relationship for more than two decades. [3] In June 2019, the federal government sanctioned an additional fund of Rs 410 million for the upkeep and repair of two VVIP Gulfstream planes. [4]
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 ...