Hamza913
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On a demand by all three security forces as well as the Ministry of Defence, the federal government has decided to increase defence spending for financial year 2016-17 by over 1 billion dollars (American).
The budget teams of General Headquarters and the Joint Staff Headquarters have already completed negotiations with Finance Minister Ishaq Dar regarding defence needs of the armed forces during the next financial year. Dar has reportedly assured the military leadership that all financial requirements of the security services will be taken care of. The government has also agreed to some suggestions by Ministry of Defence and the Joint Staff Headquarters with regard to taxes and duties on export and import of defence equipment. The defence budget of current financial year is almost 8 billion dollars (American) and is likely to become over 9 billion dollars (American).
The proposal of induction of 17,600 men in the armed forces was also considered during the meetings. The armed forces also wanted the establishment of a pay and pension commission for their personnel. Sources said that the Pakistani Navy wants its budget raised (splendid news in my opinion). It has asked for almost 1 billion dollars (American) for the next financial year as it wants to boost the number of submarines.
The budget teams of General Headquarters and the Joint Staff Headquarters have already completed negotiations with Finance Minister Ishaq Dar regarding defence needs of the armed forces during the next financial year. Dar has reportedly assured the military leadership that all financial requirements of the security services will be taken care of. The government has also agreed to some suggestions by Ministry of Defence and the Joint Staff Headquarters with regard to taxes and duties on export and import of defence equipment. The defence budget of current financial year is almost 8 billion dollars (American) and is likely to become over 9 billion dollars (American).
The proposal of induction of 17,600 men in the armed forces was also considered during the meetings. The armed forces also wanted the establishment of a pay and pension commission for their personnel. Sources said that the Pakistani Navy wants its budget raised (splendid news in my opinion). It has asked for almost 1 billion dollars (American) for the next financial year as it wants to boost the number of submarines.