Pakistan Budget: Defense Spending Up, Development Squeezed to Meet IMF Targets
The Pakistani government proposed an 18.77 trillion rupee ($67.49 billion) national budget on June 12, 2026, prioritizing an 18% increase in defense spending while tightening federal development expenditure to 1 trillion rupees. Finance Minister Muhammad Aurangzeb stated the budget aims to secure the nation’s defense amid regional uncertainty while maintaining a $7 billion International Monetary … Read more