Connect with Zorays

Hi, what are you looking for?

Pakistan Defence Budget

Armed Forces

Pakistan’s Defence Budget: Balancing Security Needs and Economic Challenges

Every year, Pakistan’s defence budget becomes a focal point of criticism and debate. It appears that many are unaware of the global context of military spending. Comparatively, Pakistan’s military expenditure is in line with other nations worldwide.

According to the World Bank’s military spending estimates, Pakistan allocated 2.6% of its GDP to defence in 2022, while India spent 2.4%. Despite Pakistan’s GDP lagging significantly behind India’s, our defence budget has consistently remained between 2-3% of GDP. In 2024, Pakistan’s total defence budget, including pensions, is projected at 2.5% of GDP.

The scrutiny on our defence budget often stems from our poor economic performance. Anemic growth, extremely poor tax collections, and wasteful spending have exacerbated the situation. Notably, losses of state-owned enterprises in the fiscal years 2021 and 2022 amounted to a staggering 1,400 billion PKR.

READ:   Chanakya ki Cheekhain: Gaurav Arya Buffoon

Pages: 1 2 3

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

OSINT

The recent wave of assassinations and targeted killings in Pakistan has sparked significant concerns and speculations about the involvement of foreign intelligence agencies. The...

Politics

In a significant development, the Inter-Services Public Relations (ISPR) reported a successful intelligence-based operation conducted by Pakistani security forces in the general area of...

Legal

Justice Qazi Faez Isa is a senior judge in Pakistan and currently serves as a judge in the Supreme Court of Pakistan. He was...

Advertisement

Most Viewed Posts

  1. niche Niche And Event Blogging – Scaling Beyond 10 Lac & Making Money (21,474)
    What do you want to be known for? What could you teach? What can you influence? Or what do you want to influence? What is your area of expertise? What do you know that others in your industry don’t? Identifying your uniqueness and value is easier said than done. For those of you wondering how […]
  2. hope fore semis still alive Can Pakistan still qualify for the Worldcup 2023 semifinals? (14,809)
    Again resorting to ifs and buts, as usual. Certainly, Pakistan still has a chance to qualify for the semifinals. However, it's imperative that they win all the remaining matches decisively to secure their spot. The team must bring out their best performance to outshine their rivals in the upcoming games. Otherwise, to be honest, the […]
  3. syed asim munir ahmad shah [Confirmed] General Asim Munir Shah appointed as the New Army Chief of Pakistan (9,790)
    Shahbaz Sharif was in London for a reason. He has appointed General Asim Munir as COAS. Clearly, General Asim was my favorite candidate for the next Army Chief appointment. This announcement came just in time, as Lieutenant General Syed Asim Munir Ahmed Shah would have been retiring on 22nd November 2022, next to him is […]
  4. Arshad Sharif Journalist Fled Pakistan and Never Came Back (9,742)
    Reader discretion! Arsched Sharif on doubts of mistaken identity was killed with nine bullets by the Kenyan Police as his car breached a security checkpoint. Some say he was neutralized with a sniper by ISI. Whereas, he was compelled to leave UAE on state request and the only visa-free ticket he could avail was of […]
  5. punjabi song A list of The Punjabi Tribes (9,736)
    Jatts — Warrior and Farmer in one. Started getting comfortable with farming life around the sixteenth 100 years. Some Jatt families are: Waraich, Sandhu, Dhillon, Bajwa. Cheema and so forth. Some Bhatti, Chinna, Rai, Tiwana, and Uppal are viewed as Jatts. Punjabi Rajputs (Rajay, Ranay, Rai) — Took the Rajput titles, either because of the […]
  6. Tim Hortons Tim Hortons The Cheapest Coffee from Canada Now Being Served in Pakistan (8,925)
    Lahoris and Tim Hortons Pakistan made history by setting a new global record for the highest opening day sales in the brand's history since 1964. With over 5,352 restaurants across 15 countries, Tim Hortons has established itself as a household name and a go-to destination for coffee and baked goods. This latest achievement is a […]
  7. Opening Batsman All Time Favourite Pakistani Opening Batsmen (8,693)
    My personal favorite had always been Imran Nazir and Saeed Anwar. Illustrious Career of Saeed Anwar Saeed Anwar is considered one of the greatest opening batsmen in the history of Pakistani cricket. He made his debut for Pakistan in 1989 and went on to have a long and illustrious career that lasted until 2003. Anwar […]