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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 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 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day.
Pakistan's government is seen targeting a fiscal deficit of 7.7% of GDP for the 2023-24 fiscal year, a source told Reuters on Friday ahead of the finance minister's budget speech, much wider than ...
The Ministry of Defence (Urdu: وزارت دفاع; Transliteration: Wazarat-e-Difa) was created on 14 August 1947 from the partitioning of Ministry of Defence of India, with Prime Minister of Pakistan Liaquat Ali Khan taking the additional charge as first Minister of Defence.: 97 [7]
After the success of its major projects in the defence industry, the Defence Export Promotion Organization (DEPO) was created to promote Pakistani defence equipment to the world by hosting the International Defence Exhibition and Seminar (IDEAS), which is held biennially at the Karachi expo center. Pakistan's defence exports were reportedly ...
The International Monetary Fund slammed Pakistan’s government on Thursday over its proposal for the new annual budget, saying it failed to implement a more fair tax system in the draft. The ...
29 January – The BLA launches a coordinated attack dubbed "Operation Dara-e-Bolan" on Pakistani security forces, attacking checkpoints and military bases in Machh, and attacking other areas, including Kolpur. [9] 30 January – Former prime minister Imran Khan is sentenced to 10 years in prison for leaking state secrets. [10]