June 10, 2023
1 min read

Cash-strapped Pakistan hikes defence spending by 16%

The crisis-hit Pakistan has proposed a roughly 16 per cent increase in the defence budget as the country continues to face internal and external security challenges.

Interestingly, all three services — Army, Navy, Air Force — were given an equal increase in the budget, although the military takes the major share given its size and the role, The Express Tribune reported.

Pakistan’s defence spending is now 1.7 per cent of its GDP, showing a decline compared to last year.

The defence spending in 2022-23 was around 2 per cent of the country’s GDP, the size of which has grown due to the rebasing of the economy, The Express Tribune reported.

Defence spending has always been the subject of discussions with some seeking greater transparency and open debate about the military’s budget.

In recent years, the government provides more details about the defence budget.

However, there has never been open debate within the parliament on the subject.

Observers believe that the increase in the defence budget is justified given the impending external and internal security challenges, The Express Tribune reported.

Despite the US troops withdrawal from neighbouring Afghanistan, Pakistan still deploys thousands of troops along the western border as well as in the erstwhile tribal areas to deal with the threat of terrorism.

The budget document shows that defence outlay for 2023-24 would be 1,804 billion PKR compared to the revised defence spending of 1,591 billion PKR earmarked for the outgoing fiscal year.

ALSO READ: China Tightens Grip On Crisis-Hit Pakistan

Previous Story

Missing children found alive after 40 days in Amazon forest

Next Story

Countdown to Imran’s arrest as military cleanses ranks

Latest from -Top News

Pakistan on the Brink: War, Weakness, Woes

The reason behind growing anxiety and consternation in Islamabad is the depleting reserves of its military’s artillery and ammunition and also a ruined economy…reports Asian Lite News As the tensions between India

UNSC Convenes Over India-Pak Crisis

Pakistan is currently an elected member of the Council and will participate in the meeting….reports Asian Lite News The United Nations Security Council (UNSC) will be holding a closed-door meeting on Monday

SYRIA RAIDS: Arab League Slams Israel

The Arab League condemned the airstrikes and called on the international community and the United Nations to confront what it described as “repeated violations committed by Israel against the Syrian state.” The

Singapore’s Ruling Party Achieves Landslide Victory

Prime Minister Lawrence Wong, whose party won the election, thanked supporters.,..reports Asian Lite News Singapore’s ruling People’s Action Party (PAP) won 87 of the 97 seats in Parliament in Saturday’s general election,

Jaishankar, Lavrov Discuss Pahalgam Terror Attack

Both the Ministers discussed issues of Russian-Indian cooperation and the aggravation of India-Pakistan relations following the terrorist attack in Pahalgam. External Affairs Minister (EAM) S. Jaishankar spoke to the Russian Foreign Minister
Go toTop

Don't Miss

5 Pakistani teens nabbed in Spain on terrorism charges

The arrests triggered the alert especially after learning that the

Protests in major cities as police yet to arrest Imran

Imran Khan on Tuesday called on his supporters to “come