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Pakistan budget raises defence spending, squeezes development to meet IMF goals

Posted on June 12, 2026
By Business News Today
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1 min read

Pakistan budget raises defence spending, squeezes development to meet IMF goals

Finance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting July, up 18% from the outgoing year, while setting federal development spending at 1 trillion rupees.