Defence Budget of Pakistan raised by 15 percent by the New Government
Pakistan Government raised the defence budget for fiscal 2013-14 by 15 percent to strengthen all the three defence systems of the country.
The cash strapped new Government of Pakistan on 12 June 2013 announced hike of 15 percent in its defence budget to 627 billion rupees for the fiscal 2013-14. The Government of Pakistan made an allocation of 15.7 percent of the federal budget of 3.985 trillion rupees for fiscal year 2013-14 for all the three defence services of the nation.
The army got the lion's share of the outlay with 301.54 billion rupees and the Air Force was allocated 131.18 billion rupees and the Navy got 62.80 billion rupees. The Nawaz-Sharif led Government of Pakistan has made an allocation of 2300 million rupees for defence production division in Public Sector Development Programme for the fiscal year of which 2246.30 million rupees will be invested on installation of the ship lifts, machinery and equipment for docking, transfer system, repair units for all types of commercial vessels, ships, submarines at Karachi Port.