Pak allocates Rs 1.8 trillion for defence in budget 2023-24
The Morning Standard|June 10, 2023
PAKISTAN on Friday hiked defence spending by 15.5% and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserves.
Pak allocates Rs 1.8 trillion for defence in budget 2023-24

Finance Minister Ishaq Dar, who presented the budget in the National Assembly, the lower house of parliament, said the government will target a growth rate of 3.5% in the coming fiscal year.

“This budget should not be seen as an election budget, it should be seen as a responsible budget,” Dar said as the political parties were getting ready for the next general elections scheduled for later this year.

This story is from the June 10, 2023 edition of The Morning Standard.

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This story is from the June 10, 2023 edition of The Morning Standard.

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