14 June 2013

News Story: Pakistan increases defence budget by 15 per cent


ISLAMABAD (PTI): Pakistan's cash-strapped new government announced a hefty 15 per cent hike in its defence budget to Rs 627 billion, with the powerful army getting the lion's share of the outlay.

The government increased the allocation for defence in its budget for fiscal 2013-14 to Rs 627 billion (about USD 6.32 billion), marking an increase of little more than 15 per cent over the outlay for the current fiscal.

The allocation for the three defence services amounted to 15.73 per cent of the federal budget of Rs 3.985 trillion for fiscal 2013-14.

Read the full story at Brahmand