Pak sanctions extra Rs.150 billion for defence budget
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Last Updated: Monday, June 06, 2011, 22:25
  
Islamabad: The Pakistan government has sanctioned an additional 150 billion rupees for the fiscal 2011-12 defence budget.

It had earlier allocated 495 billion rupees.

A senior Pakistan Finance Ministry official, citing the ‘Budget-in-Brief’ document, said that the total defence and security allocation comes to around 645 billion rupees, which is almost 23.8 per cent of the total budget.

In addition, 73.2 billion rupees would be paid from civilian accounts on army pensions – a practice initiated by former President Pervez Musharraf in 2000, The Express Tribune reports.

By adding the three allocations – stated budget, contingent liabilities and army pensions – the allocations total 718 billion rupees, almost 26 per cent of the total budget.

According to the official, out of 150 billion rupees, an amount of 80 billion rupees has been given under the ten-year Armed Forces Development Programme.

An amount of 50 billion rupees would be given to the military on account of the Coalition Support Fund disbursements by the United States.

The remaining 20 billion rupees would be given on account of services charges paid by the United Nations to Pakistan against the army’s contribution in the UN peacekeeping missions, the official added.

ANI


First Published: Monday, June 06, 2011, 22:25


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