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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 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.
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 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]
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 ...
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 ...
The Pakistan Army (Urdu: پاکستان فوج, romanized: Pākistān Fãuj, pronounced [ˈpaːkɪstaːn faːɔːdʒ]), commonly known as the Pak Army (Urdu: پاک فوج, romanized: Pāk Fãuj), is the land service branch and the largest component of the Pakistan Armed Forces. The president of Pakistan is the supreme commander of the army.
On 25 January 2024, the Tehrik-i-Taliban Pakistan pledged not to stage attacks on election rallies and would limit itself to attacking military and police targets during the election period. This followed the government's decision to deploy troops in sensitive constituencies after intelligence agencies warned that militants could target rallies.