Pakistan military to cut defence budget

Pakistan military to cut defence budget

Agency News

Islamabad, Jun 5 (UNI) Pakistan military has decided to voluntarily slash defence budget for the next fiscal year in view of the ongoing economic crisis in the country.
Major General Asif Ghafoor, Director General of Pakistan's Inter Services Public Relations (ISPR) in his tweet on Tuesday said " Voluntary cut in def budget for a year will not be at the cost of def & security. We shall maint effective response potential to all threats.Three services will manage impact of the cut through appropriate internal measures. It was imp to participate in dev of tribal areas & Bln.

Pakistan's PM Imran Khan tweeted " I appreciate Pak Mil's unprecedented voluntary initiative of stringent cuts in their defence expenditures for next FY bec of our critical financial situation, despite multiple security challenges. My govt will spend this money saved on dev of merged tribal areas & Balochistan, The News International reported.
Federal Minister for Science and Technology, Fawad Chaudhry in a tweet said " Not a small step at all, only a strong Civil-Mily Coordination can rescue Pakistan from the deep problems of Governance and economy … shows a complete trust on the leadership of PM by an important institution."

Pakistan was the world's 20th biggest military spender in 2018. It invested US$11.4 billion on its military, its highest level since 2004 and four percent of the country's GDP.