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Pakistan hikes military budget after conflict with India

PAKISTAN hiked military spending by 20 per cent on Tuesday following last month’s deadly conflict with India.

 

The government of Prime Minister Shehbaz Sharif announced the increase as part of the budget for the fiscal year 2025-26, in which overall spending will be cut by 7 per cent to 17.57 trillion rupees (£46 billion).

 

Pakistan and India were pushed to the brink of war earlier this year after a gun massacre of tourists in Indian-controlled Kashmir, marking the biggest breakdown in relations between them since 2019.

 

Weeks of tension followed, culminating in missile and drone strikes that resulted in dozens of fatalities on both sides of the border.

 

Finance Minister Muhammad Aurangzeb said that the government was allocating 2.55 trillion rupees (£7 billion) for the military compared with 2.12 trillion rupees in the previous budget.

 

India in February increased its military spending by 9.5 per cent.

 

Mr Sharif told the Cabinet: “All economic indicators are satisfactory. After defeating India in a conventional war, now we have to go beyond it in the economic field as well.”

 

The coming year’s military allocation is considerably more than the government’s expenditure on higher education, agricultural development and mitigating climate-related risks, to which Pakistan is especially prone.

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