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The budget covers the salaries, training, and healthcare of both uniformed and civilian personnel, maintains military arms, equipment, and facilities, supports operations, and funds the acquisition and development of new arms and equipment. [2] [3] As of 2024, Pakistan’s defense budget is 1.7 percent of its GDP. [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] The same day, a copy of the ...
The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates. [2] The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources.
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 ...
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]
The most powerful post in Pakistan is poised to become even more powerful, expert says Pakistan extends terms of powerful military leaders despite strong opposition from Imran Khan’s party Skip ...
The budget is a 30% increase in salaries for government employees and a 20% increase in pensions for pensioners above 80 years of age. The budget also includes increased allocations for various sectors such as agriculture, education, health, and information technology. The budget for health and education has been increased by 31%. [4] [5]
The White House forecast 1.7% real GDP growth in 2024, and 1.8% in 2025, rising to 2.2% by 2030. Consumer price inflation for 2025 was forecast at 2.3%, with 4% unemployment, a figure that falls ...