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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 Naval Strategic Command is distributed among the Pakistan Navy's missile regiment and the air defense battalions of the Pakistan Marines, focusing on the southern border. [11] The Navy's strategic formation is largely viewed as second-line capabilities that complement the principal land-based systems operated by the Army Strategic Force ...
The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Income Tax: This tax is levied on the income of individuals, associations of persons (AOPs), and corporations. For instance, individuals earning less than PKR 600,000 annually are exempt from income tax, while those with annual earnings exceeding ...
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 ...
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 Pakistan Navy Submarine Force was established on 1 June 1964, making it one of the earliest submarine forces in South Asia. [ 1 ] [ 2 ] The creation of the Submarine Force is attributed to vice admiral Afzal Rahman Khan , who was the naval commander-in-chief at the time and played a central role in its development. [ 3 ]
The Pakistan Navy (PN) (Urdu: پاکستان بحریہ; romanized: Pākistān Bahrí'a; pronounced [ˈpaːkɪstaːn baɦɽia]) is the naval warfare branch of the Pakistan Armed Forces. The Chief of the Naval Staff, a four-star admiral, commands the navy and is a member of the Joint Chiefs of Staff Committee.
The Pakistan Navy's NHQ is a command post of the Pakistan Navy where the secretariat of the Chief of the Naval Staff functions to ensure the ceremonial and operational command of the navy.: 86–87 [6] There are three chief of staff branches that composed of multiple offices to oversee the administrative operations of the navy. [7]