Pakistan hikes defence spending 15 percent to Rs.347 bn
June 13th, 2009 - 8:42 pm ICT by IANSIslamabad, June 13 (IANS) Pakistan has hiked its defence spending for fiscal 2009-10 to Rs.347 billion ($4 billion) in the budget presented in parliament Saturday.
Of this, Rs.343 billion has been allocated for the armed forces, Rs.463 million for defence production and Rs.840 million for the defence division, Minister of State for Finance Hina Rabbani Khar said while delivering the first budget speech by a woman in Pakistan’s history.
Quoting from the budget documents, Online news agency said the defence budget was 15 percent higher as compared to the allocation for 2008-09 “due to the high inflation rate and keeping in view of current situation at country’s eastern and western borders”.
- Pakistan wants to buy more F-16 fighter jets - Mar 10, 2011
- Pakistan presents Rs.2.482 tn budget for 2009-10 (Roundup) - Jun 13, 2009
- Pakistan's parliament passes $36 bn budget - Jun 25, 2009
- Pakistan allocates Rs.495 bn for defence - Jun 04, 2011
- Budget promises more money for all - farmers to corporates (Third Lead) - Feb 28, 2011
- India's defence allocation for 2010-11 raised to Rs.147,344 crore (Second lead, superseding previous story) - Feb 26, 2010
- Defence allocation for 2010-11 raised to Rs.147,344 crore - Feb 26, 2010
- Pakistan embassy in US is biggest spender - Jul 22, 2011
- Only 2.5 mn of 172 mn Pakistani's pay taxes - Jul 30, 2009
- Rs.3 bn for luxury suites for Pakistani MPs - Feb 09, 2011
- 43 Pakistanis held by pirates released: Minister - Jan 18, 2012
- Pakistan to increase defence budget to Rs.443 bn - May 10, 2010
- Pakistan's budget for 2010-11 to be presented Saturday - Jun 04, 2010
- Tourism gets mere nine percent hike in budget - Mar 16, 2012
- 18 per cent increase in Pakistan's defence budget approved - Apr 08, 2011
Tags: armed forces, bn, budget documents, budget speech, current situation, defence budget, defence division, defence production, defence spending, finance, hina rabbani khar, inflation rate, minister of state, news agency, pakistan, parliament, rabbani, western borders
