Pakistan is expected to increase its military spending in the years to come by several billion dollars, a recent report suggests.
As per the “Pakistani Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024,” the country is expected to spend $48.5 billion from 2020 to 2024 on defense.
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The amount is around $6 billion more than what it invested in the past four years – from 2015 to 2019. The move is mandatory to manage internal instability and bolster its defense capabilities concerning India, suggests the report.
Between 2015 and 2019, the US military aid was halted and thus the country’s defense budget increased at a sluggish rate – not to mention the deteriorating economic situation as well.
Pakistan invested $7.6 billion in the defense sector in 2015 with a compound annual growth rate (CAGR) of 0.69 percent, which jumped up to $7.8 billion in 2019.
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In the last four years, the country’s average capital expenditure allocation per annum remained at 36.8% of the total defense budget, while its revenue expenditure allocation was 63.2%.
In the next four years, the country is expected to push the average capital allocation for military hardware up-gradation to 37.8 percent.
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Pakistan suffered a massive setback when the US halted arms supply in the aftermath of the conflicts between the two countries over Afghanistan. To recover from that, the country’s defense industry increased its indigenous capabilities to fulfill a majority of the national requirements. However, it still seeks China’s help for technologically advanced defense equipment.
The report suggests that the Pakistani export market will gradually grow over the forecast period on the back of its high-quality indigenous defense systems.
yeh sara paisa laga ker apna loan wapis ker doo zalimo pher defense per laga layna
Jinn ka defence nahein unn ka haal dekh lo…libya, iraq, syria…
wo aik hi dafa mar gaye shaheed hogaye. yaha logo ko roz mara jara hai. defence ka injection laga kar cancer kai bistar e murg par awam ko chordia hay
we don’t want any more defence. first priority improve your economic condition. Better to die than to defend the cancerous situation.
Lol. You’re sitting in a drawing room and making copy paste from indian websites. We understand your intentions
An Indian hiding behind these comments as Pakistani, beware people.
you will find indians everywhere. they now decide who gives us dollars too. they rule the roost at the IMF, WB and FATF. the reason being that their govt. prioritized human development over defence and so their people succeeded in climbing the ranks while ours work as slaves for arabs.
48 Arab Dollar main to World Class Universities, Hospital aur Industry lag sakti hai. Tesla ki aik Gigafactory 1 Arab dollar main lag gaye jo ab 30 lakh gariaan banati hai aur 10 hazaar logoun ko rozgaar daiti hai. Zara sochain is paisay main kitni industry lag sakti hai jo hamain economic super power bana sakti hai.
Kaash hamaray hukmaraan aisa soch saktay.
“Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone.It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children.”
Quote from Eisenhower
Our economy is worse than it has ever been. We can definitely use at least some of these $50 billion in other areas. Areas which will benefit the public.
I guess Imran Khan was all promises and no actions.
It’s not a priority. Army is a parasitic force that cannot be stopped.
in jaise “g a n d o” ko khudkudh karny india bhaij dena chahye. defense ka budget bhi bachay ga aur baqi logon ko sukoon bhi ho jaye ga. Itna bara Pakistani he, itna to kar hi sakta he.
pakistan can’t do anything. it’s a failed state.
What if we make peace with India we can save $50 billion.
Comment to karna chah raha houn, par pata hai moderate ho jaye ga. Sach bolna bara mushkil hai yahaan.
pastebin pe daal they or yaha link kar de.
This is a must step from Pakistan considering the fanatic Hindu government in India who is threatening Pakistan with war almost everyday. We need to spend more on Military R&D and focus more in Airforce.
We will go bankrupt well before we lose a war with india. India need not lift a finger to hurt Pakistan. It can continue to spend at its current pace, which it can well afford, while Pakistan will bankrupt itself in a futile attempt to keep pace.
Mashallah! Meanwhile our schools don’t have boundary walls, roofs, toilets or water supply! We will borrow dollars and waste it all on imported weaponry!
Can not we fake it that we are spending almost $50 Billions on defense and secretly allocate half of the budget for education and research?
why not to return the loan back, we we have become mad to invest on missile, atom bomb, why we are increasing our enemy.
people are dying from hunger, and they are investing on bombs, what we will do, can we eat that bombs,