Pakistan Announces 20% Hike in Defence Budget Amid India Tensions; Overall Federal Spending Cut by 7% for FY 2025–26

ISLAMABAD, June 10 – The Government of Pakistan has announced a significant 20% increase in defence spending for the fiscal year 2025–26 following recent military tensions with India. Simultaneously, the government has reduced overall federal expenditure by 7%, aligning with fiscal consolidation efforts under its ongoing agreement with the International Monetary Fund (IMF). Key Budget […]