Defence is of paramount importance to Pakistan: Dar

Image
Press Trust of India Islamabad
Last Updated : Mar 08 2014 | 8:55 PM IST
Defence is of paramount importance to Pakistan and government will allocate necessary resources to the armed forces in view of the current security situation, Finance Minister Ishaq Dar said today.
Dar met Army chief Gen Raheel Sharif to discuss the budgetary requirements of the army for the year 2014-15.
The Finance Minister acknowledged the need to ensure fulfilment of the requirements of the defence in the light of current security situation, a statement released by the Finance Ministry said.
He assured the Army Chief that defence is of paramount importance to the Country and hence necessary resources will be allocated, it added.
Pakistan's 600,000-strong army faces internal security challenges. Though the government is still hoping to contain violence through dialogue with the Taliban militants, it doesn't rule out a military offensive in country's tribal belt.
Media reports said defence budget is likely to be increased by 10 to 15 per cent in the coming fiscal year.
Pakistan had in the current fiscal increased its defence spending by 15 per cent.
The defence budget was jacked up to Rs 627.2 billion for the financial year beginning July 1, 2013 compared to Rs 545. 3 billion allocated in the last fiscal year, showing an increase of Rs 82 billion.
While traditionally Pakistan defence budget is focused on India, internal security challenges have also emerged as one of the main criteria for any increase in the recent past.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 08 2014 | 8:55 PM IST

Next Story