By USMAN ANSARI
ISLAMABAD — Pakistan has followed recent trends and again increased the size of its defense budget, but also continued the trend of a steady decline in that rate of increase.
The government unveiled its FY2014-2015 budget on Tuesday, showing an 11 percent increase over the revised FY2012-2013 allocation.
The approved defense budget currently stands at 700 billion Pakistani rupees (US $7 billion).
The service breakdown is nearly US $3.4 billion for the Army, $1.5 billion for the Air Force and $725 million for the Navy.
Additionally, the Inter-Services Organisations and Defence Production Establishment have been allocated nearly $1.5 billion and the Inter Services Intelligence Directorate has been allocated the same amount, $1.5 billion.
Read the full story at DefenseNews