Beleaguered Pakistan Raises Defence Spending While Development Is Squeezed To Meet IMF Targets

Pakistan unveiled a budget worth 18.77 trillion rupees ($67.49 billion) on Friday, signalling a sharp increase in defence expenditure while curtailing development spending.The government is attempting to balance the demands of the International Monetary Fund program with domestic political sensitivities, leaving limited space for welfare measures or tax relief.Finance Minister Muhammad Aurangzeb
Pakistan unveiled a budget worth 18.77 trillion rupees ($67.49 billion) on Friday, signalling a sharp increase in defence expenditure while curtailing development spending.The government is attempting to balance the demands of the International Monetary Fund program with domestic political sensitivities, leaving limited space for welfare measures or tax relief.Finance Minister Muhammad Aurangzeb
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