Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines
  • China's experimental space lab to re-enter earth's atmosphere:-The experimental space lab Tiangong-2 will have a controlled descent from its orbit and it would re-enter earth's atmosphere to fall into the Pacific Ocean, China’s official space agency has said....
  • Exclusive Interview of Dr. Sudhir Kumar Mishra, CEO & MD, BrahMos Aerospace:-BrahMos Aerospace is one of the most outperforming companies in India's Defence & Aerospace Sector. Dr. Sudhir K Mishra, CEO & MD of the India-Russia JV entity, in an interview, shares the vision and incredible achievements of the company in its quest to improve the strike capability of India’s armed forces whether on sea, from underwater, in air or on land....
  • INS Sagardhwani embarks on ‘Sagar-Maitri Mission-2’:-INS Sagardhwani, an oceanographic research vessel of the Defence Research and Development Organisation, has embarked on a two-month-long Sagar- Maitri Mission-2 from Southern Naval Command in Kochi....
  • Rafale will provide IAF strategic deterrence: Defence Ministry:-The Rafale fighter aircraft will provide the Indian Air Force strategic deterrence and requisite capability to engage targets at long ranges, the Defence Ministry has said in a report, adding the training of first batch of officers and technicians is under way with the French Air Force....

Pak parliament approves Rs 1,150 billion defence budget

Line Spacing+- AFont Size+- Print This Article

ISLAMABAD (PTI): Pakistan's parliament Thursday unanimously passed the Rs 1,152 billion defence budget for the next fiscal (2019-20).

Federal Minister for Revenue Hammad Azhar presented the budget on June 11 in which he had declared that the budgetry allocation for the defence sector was kept the same as the last year's.

But the budget document showed a slight increase of 4.5 per cent by the government.

According to the documents, the original allocation for defence for outgoing fiscal (2018-19) was Rs 1,100 billion but it was revised later to Rs 1,137 billion, up by 3.4 percent, by the end of the year.

So, the actual rise from previous allocation was Rs 52,201 million or 4.5 per cent.

Pakistan's military, in a rare move, early this month decided to voluntarily cut the defence budget for the next fiscal year and assured the nation that there would be no impact to its "response potential" due to the voluntary cut in the budget.

The opposition members were asking for cuts in all other heads of the expenditures, as the cash-strapped nation is to launch an austerity drive to solve the financial woes, but they did not ask for any decrease in the defence budget when it was put for voting.

Pakistan in 2018 was the 20th biggest military spender in the world with an expenditure of USD 11.4 billion, a report published by the Stockholm International Peace Research Institute said in April.

Prime Minister Imran Khan's government has negotiated a USD 6 billion bailout package from the International Monetary Fund to overcome the financial woes facing the country.

The government's budget focused on austerity, growth and tax collection.

Tags:

Pakistan  Defence  Budget  
Line Spacing+- AFont Size+- Print Article

Other Related News

Defence export authorisation touched Rs 10,745 cr in 2018-19: Report

The defence export authorisation has touched Rs 10,745 crore during 2018-19, a growth of more than 100 per cent over the corresponding value in the fiscal 2017-18, the Defence Ministry has said in a report.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2019

Image Gallery