Islamabad: Pakistan on Friday increased the defence allocation in its fiscal 2012-13 budget to Rs 545 billion (about $5.82 billion), marking an increase of 10 per cent over the outlay for the current fiscal.
The allocation for the defence services amounted to 18.4 per cent of the federal budget of Rs 2,960 billion for fiscal 2012-13.
Further details, including allocations for the three services and weapons acquisition programmes, were not immediately available.
Official budget documents presented in parliament said a sum of Rs 545 billion had been allocated for the defence services for 2012-13, compared with Rs 495 billion provided in the fiscal year ending on June 30....more
12:05 AM, Jun 02, 2012