Pakistan hikes defence budget by nearly 15 per cent in line with India's 13 per cent

Islamabad: Pakistan on Wednesday announced a nearly 15 per cent hike in its defence spending and allocated Rs 2,122 billion in the 2024-25 budget, marking a significant increase from last year amidst strenuous efforts to secure a fresh loan from the IMF to meet the cash-strapped nation's external liabilities. Earlier last year, India had increased its defence budget to Rs 5.94 lakh crore for 2023-24 in a modest hike of 13 per cent from what was allocated in 2022. 

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