ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Pakistan must learn to cut military spending

Limited resources are needed to help stabilize the economy

| Pakistan
Pakistani troops march during a military parade to mark Pakistan Day in Islamabad on Mar. 23: The military remains unaffected by the financial crisis.   © AP

Salman Rafi Sheikh is a political scientist specializing in political history with a focus on ethno-nationalism, identity politics and post-colonialism. He is the author of "The Genesis of Baloch Nationalism Politics and Ethnicity in Pakistan, 1947-1977."

With Pakistan's foreign exchange reserves shrinking to a record-low $8.9 billion in early June, pushing Pakistan's economy to the edge of bankruptcy, a logical step would have been to cut nondevelopment expenditures.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more