Pak hikes defence allocation, cuts development outlay in budget
Islamabad, June 13 -- Pakistan proposed an 18.77 lakh crore Pakistani rupees ($67.49 billion) budget on Friday, raising defence spending and limiting development expenditure and setting a steep tax target as the government tries to keep its IMF programme on track without provoking political fallout. The defence budget was raised by 18% to 3 trillion Pakistani, while development spending was cut to 1 trillion Pakistani rupees.P13...
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