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

Russia to quit from European armed forces treaty on Nov 7

Next Story

Countdown to Imran’s arrest as military cleanses ranks

Latest from -Top News

Jaishankar, Tharman Discuss Strategic Ties

The discussions come ahead of President Tharman’s scheduled meetings with President Droupadi Murmu and Prime Minister Narendra Modi on Thursday…reports Asian Lite News External Affairs Minister S. Jaishankar met with visiting Singapore

US Sues Elon Musk Over X Shares

In the lawsuit, the SEC alleged, “Had Musk and his wealth manager disclosed his ownership as required, the stock price would likely have increased significantly. The US Securities and Exchange Commission filed

New Zealand, UAE Seal FTA

New Zealand’s key exports to the UAE include dairy, industrial products, meat, horticultural products and travel services…reports Asian Lite News New Zealand has signed a Free Trade Agreement (FTA) with the United

India Shines at Heimtextil 2025

The January 14-17 event saw vibrant participation from industry leaders and exporters, highlighting India’s drive for global textile leadership….reports Asian Lite News India highlights its textile prowess at Heimtextil 2025 in Messe

India Bets Big on a Sustainable Future

India’s total renewable energy installed capacity recorded a robust double-digit growth of 15.84 per cent to touch 209.44 GW…reports Asian Lite News India is projected to see a five-fold growth in green
Go toTop

Don't Miss

Withdraw Support Amid Election Rigging, Imran Writes to IMF

This isn’t the first time that the opposition PTI will

Mass conversions draw anger from Hindu activists in Pakistan

Most of the converts were economically underprivileged and the local