ISLAMABAD (PTI): Cash-strapped Pakistan has hiked its defence budget by 11 per cent from Rs 627 billion to Rs 700 billion with the Finance Minister saying the government cannot be oblivious to national security challenges amid a surge in Taliban insurgency.
Ishaq Dar made this announcement as he presented Rs 3.9 trillion budget in the National Assembly on Tuesday.
Dar said the government would provide "all necessary resources" to the armed forces, despite efforts to rein in government spending.
He said that the country cannot be oblivious to national security challenges.
The allocation for defence has been proposed at Rs 700 billion for the financial year 2014-15.
Pak hikes defence budget by 11 per cent
Article Posted on : - Jun 05, 2014
Other Related News
India successfully flight tests 4th-Gen VSHORADS missile
India has conducted three successful flight tests of a new generation of very short-range air defence missile systems at Rajasthan's Pokhran firing ranges, paving the way for their production.
The Indian Air Force, in its flight trials evaluation report submitted before the Defence Ministry l..
view articleAn insight into the Medium Multi-Role Combat Aircraft competition...
view articleSky enthusiasts can now spot the International Space Station (ISS) commanded by Indian-American astr..
view article