Pakistan raises defence spending, grants little to human resources: Report

IANS | July 2, 2026 8:43 PM

Islamabad, July 2 (IANS) Pakistan's federal budget for Fiscal Year (FY) 2026-27 has prioritised military spending over public welfare by increasing defence spending by 18 per cent to three trillion Pakistani Rupees (PK), showcasing the armed offers as the clear winner during attempts to meet economic stabilisation targets. The budget offers little to the human resources that actually drive economic growth.