Pakistan Hikes defence Allocation to Rs 495 Billion

[S.M.R]

Pakistan today hiked the allocation for defence in its budget for fiscal 2011-12 to Rs 495 billion (about USD 5.75 billion), marking an increase of nearly 12 per cent over the outlay for the current fiscal.

Official budget documents presented in parliament said defence spending will increase to Rs 495 billion for 2011-12, compared with Rs 442 billion in the fiscal year ending June 30.

Further details were not immediately available.

Reports had said that the military and the Defence Ministry had sought an outlay of more than Rs 500 billion but the figure was slashed by the Finance Ministry in view of a severe financial crunch and stagnant economic growth.

The total outlay for fiscal 2011-12 was Rs 2,767 billion (USD 32.17 billion), 14.2 per cent higher than the size of the budget estimates for 2010-11.

The government also earmarked Rs 1,454.73 million under its Public Sector Development Programme for ongoing schemes of the Defence Production Division for 2011-12.

According to details provided in budget documents, Rs 1,089.43 million was allocated for installation of ship lift and transfer system, associated machinery, equipment to provide docking and repair facilities for surface ships, submarines and commercial vessels of up to 4,000 tonnes.

Moreover, Rs 365.3 million was allocated for civil works for upgrading Karachi Shipyard and Engineering Works.

An allocation of Rs 22,000 million was made for the Pakistan Atomic Energy Commission under the Public Sector Development Programme, budget documents said.

The Pakistan government has traditionally made defence allocations with the objective of maintaining conventional parity with India.

 

[Machoman]

ISLAMABAD: Pakistan on Friday hiked its defence budget by nearly 12 per cent to Rs 495 billion (about USD 5.75 billion) for fiscal 2011-12.

Official budget documents presented in parliament said defence spending will increase to Rs 495 billion for 2011-12, compared with Rs 442 billion in the fiscal year ending June 30.

Further details were not immediately available. Reports had said that the military and the defence ministry had sought an outlay of more than Rs 500 billion but the figure was slashed by the finance ministry in view of a severe financial crunch and stagnant economic growth.

"We stand by our valiant men, who are laying down their lives to safeguard our country," finance minister Abdul Hafeez Shaikh told parliament.

"The country has constantly been suffering because of the existing security situation" but the government was determined to improve the economy and provide security to the people, he said.

More than 4,410 people have been killed across Pakistan in bomb blasts and suicide attacks blamed in Taliban- and al-Qaida-linked militants since July 2007.

The total outlay for fiscal 2011-12 was Rs 2,767 billion (USD 32.17 billion), 14.2 per cent higher than the size of the budget estimates for 2010-11.

The government also earmarked Rs 1,454.73 million under its public sector development programme for ongoing schemes of the defence production division for 2011-12.

According to details provided in budget documents, Rs 1,089.43 million was allocated for installation of ship lift and transfer system, associated machinery, equipment to provide docking and repair facilities for surface ships, submarines and commercial vessels of up to 4,000 tonnes.

Moreover, Rs 365.3 million was allocated for civil works for upgrading Karachi Shipyard and Engineering Works.

An allocation of Rs 22,000 million was made for the Pakistan Atomic Energy Commission under the public sector development programme, budget documents said.

The Pakistan government has traditionally made defence allocations with the objective of maintaining conventional parity with India.

 

[majesticpankaj]

how much it is the % of GDP ?? Thanks

 

[Machoman]

I don't know that this is it what it shows in News...........thanks for asking.

 

[deckingraj]

roughly 3.1%-3.3%(GDP- in billions $175-$180)


- Pak is in a catch 22 here...She has to increase her defense budget but overall economy is not showing signs of recovery.....

 

[Galaxy]

Islamabad: The Pakistan government has hiked the allocation for defence in its budget for fiscal 2011-12 to Rs. 495 billion (about US $5.75 billion), marking an increase of nearly 12 per cent over the outlay for the current fiscal.

Official budget documents presented in Parliament said defence spending will increase to Rs. 495 billion for 2011-12, compared with Rs. 442 billion in the fiscal year ending June 30.

Further details were not immediately available.

Reports had said that the Pakistan military and the Defence Ministry had sought an outlay of more than Rs. 500 billion but the figure was slashed by the Finance Ministry in view of a severe financial crunch and stagnant economic growth.

The total outlay for fiscal 2011-12 was Rs. 2,767 billion (US $32.17 billion), 14.2 per cent higher than the size of the budget estimates for 2010-11.

The government also earmarked Rs. 1,454.73 million under its Public Sector Development Programme for ongoing schemes of the Defence Production Division for 2011-12.

According to details provided in budget documents, Rs. 1,089.43 million was allocated for installation of ship lift and transfer system, associated machinery, equipment to provide docking and repair facilities for surface ships, submarines and commercial vessels of up to 4,000 tonnes.

Moreover, Rs. 365.3 million was allocated for civil works for upgrading Karachi Shipyard and Engineering Works.

An allocation of Rs. 22,000 million was made for the Pakistan Atomic Energy Commission under the Public Sector Development Programme, budget documents said.

The Pakistan government has traditionally made defence allocations with the objective of maintaining conventional parity with India.


h--p://w##.ndtv.com/article/world/pak-hikes-defence-budget-to-rs-495-billion-110047

 

[Tshering22]

In that case, I think most of the allocation should go in upgrading security of military bases in the country and CT equipment for the special forces as Pakistani military bases have become the favorite targets of TTP and other outfits.

 

[Dalai Lama]

Good news for all.

 

[Gandhi G in da house]

roughly 3.1%-3.3%(GDP- in billions $175-$180)


- Pak is in a catch 22 here...She has to increase her defense budget but overall economy is not showing signs of recovery.....

Pak GDP is 202 billion $ in 2011 acc to IMF .

 

[Zeeshan360]

Good ........

 

[somebozo]

India is not an immedeate millitary threat given is rising economic status. We should divert a large part of defence budget for improving our internal security, training the police properly, electronic survelliance of cities, etc etc. The defence industry should be indegeniosied to increase job oppurtunities.

The only thing i found good in the budget was:

Moreover, Rs 365.3 million was allocated for civil works for upgrading Karachi Shipyard and Engineering Works.

Enough of fooling the nation in quest of maintaining the parity with India..we are miserably failing at that and becoming second soviet union!

 

[deckingraj]

Pak GDP is 202 billion $ in 2011 acc to IMF .

Thanks for the correction....Though is this projected number or actual???

 

[T-Rex]

India is not an immedeate millitary threat given is rising economic status. We should divert a large part of defence budget for improving our internal security, training the police properly, electronic survelliance of cities, etc etc. The defence industry should be indegeniosied to increase job oppurtunities.

The only thing i found good in the budget was:


Enough of fooling the nation in quest of maintaining the parity with India..we are miserably failing at that and becoming second soviet union!

The plan is to transform Pakistan into a second Somalia not USSR. After the break up of the USSR Russia evolved into a much more efficient state but this is not likely to happen in case of Pakistan.

 

[F-16_Falcon]

The plan is to transform Pakistan into a second Somalia not USSR. After the break up of the USSR Russia evolved into a much more efficient state but this is not likely to happen in case of Pakistan.

Who told you this? BANGLADESH WET DREAM. There is no comparison between Somalia and Pakistan. Somalia does not have any good powerful military and nuclear weapons.


Compare your Bangladesh with Somalia.

 

[Shabz Nist]

Who told you this? BANGLADESH WET DREAM. There is no comparison between Somalia and Pakistan. Somalia does not have any good powerful military and nuclear weapons.


Compare your Bangladesh with Somalia.

Pakistan is no Somalia....but its certainly getting there. The difference being, a great many in Pakistan would be educated lot who does nothing but watch their country go down into anarchy.