OrionHunter
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It's really not if you consider that the present rate of inflation in Pakistan is 8%. Effectively, it is just an overall 7%-10% increase in real terms. Not much considering the effect of the WOT resulting in excessive wear and tear on equipment that requires replacements and additional spares, extra expenditure on deployment of troops in the AfPak region and so on.Thats really a big increament.
There would be little left over for modernization. The PN needs an additional $6 billion just for acquiring Chinese subs that it had asked for way back in 2008. It couldn't proceed due to shortage of funds and lack of collateral.