Pakistan Hikes Defense Budget by 9% Amid Tense Ties With India

India and Pakistan are also at loggerheads over a China-backed economic corridor that runs through PoK. China says it is a developmental project and will aid Pakistan’s economy.

Last year, Pakistan recorded a 5.28 percent GDP growth -the highest in 10 years and the volume of its economy crossed $300 billion

The total estimated outlay of the budget presented today will be 4.75 trillion rupees, according to minister Dar. The government proposed a six percent GDP growth for 2017-18 fiscal and the development expenditure for next year will be 1.001 trillion rupees.

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