ISLAMABAD -- Pakistan has drastically raised its defense spending in its latest budget, citing heightened security demands following its recent military standoff with India. In contrast, development allocations have been trimmed to meet the International Monetary Fund's conditions for fiscal discipline.
Defense
Pakistan boosts defense budget by 17% after India clash
To meet IMF fiscal target, development spending slashed despite 'vast needs'
A Pakistani Army soldier salutes while standing on an air defense missile system during a military parade in Islamabad on March 23, 2022. © Reuters
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