defense budget

With total outlay of Rs. 9.5 trillion, proposed budget adds new taxation measures while maintaining targeted subsidies for most impoverished

Memo forwarded to Finance Division by Defense Ministry says raises needed to cope with reduced fiscal space of soldiers

Pentagon chief warns lawmakers North Korea has become ‘most urgent’ threat to peace and security

Addressing Parliament for annual budget session, finance minister also announces 11 percent increase in total expenditure

Budget increase of 11 percent equals Rs. 860 billion earmarked for armed forces in 2016-17.

Defense minister, who is also in-charge of the ministry, says he plans to open up military industry to foreign investment.