Pakistan army to get Rs 1.4 trillion next fiscal year, says report

Defence spending often comes under scrutiny at the time of the announcement of the annual budget when allocati­ons for various sectors are earmarked

Pakistan. Photo: Reuters
Photo: Reuters
Press Trust of India
2 min read Last Updated : Jun 06 2022 | 12:52 AM IST
Pakistan's armed forces are likely to be allocated Rs 1.4 trillion (USD 7.6 billion) in the budget for the next fiscal year, about Rs 83 billion higher than the current year, a media report said on Sunday.

Defence spending often comes under scrutiny at the time of the announcement of the annual budget when allocati­ons for various sectors are earmarked. 

The allocation of Rs 1.453 trillion ($7.6 billion) would be about Rs 83 billion higher than the outgoing year's allocation of Rs 1.37 trillion, an increase of almost six per cent, the Dawn newspaper reported.

The increased amount, defence sources say, will be consumed mostly by the allocation for employees-related expenses, salaries and allowances of servicemen.

Other heads of the budget include civil works, which caters for the military infrastructure development and repairs; physical assets that relate to local purchases of arms and ammunition and some imports and the related costs; and operating expenses, which cover costs incurred on transport, ration, training and treatment, the report said.

Ruling alliance seeks answers on giving ISI verification powers

Pakistan's ruling alliance have questioned PM Shehbaz Sharif's decision to empower the spy agency ISI to conduct verification of all government officers before their induction, appointments and postings, as well as promotions.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Shehbaz SharifPakistan Pakistan army

Next Story