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"publishedAt": "2026-06-12T13:06:03.000Z",
"site": "https://humenglish.com",
"tags": [
"Budget 2026-27",
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"Pakistan",
"Govt allocates Rs3 trillion for defence in new budget",
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"textContent": "ISLAMABAD: The government has allocated Rs3 trillion for defence in the new federal budget for the fiscal year 2026-27 to make the country “invincible,” Finance Minister Muhammad Aurangzeb said on Friday while presenting the budget in parliament.\n\nHe said that a strong defence was essential to support economic strength, adding that Pakistan’s armed forces had responded firmly to last year’s aggression by India.\n\nHe referred to “Bunyan-ul-Marsoos” as a key success in the country’s military history.\n\nThe finance minister said that Pakistan had also signed a strategic agreement with Saudi Arabia, calling it highly significant, and said the world had taken note of Pakistan’s defence capabilities.\n\nAurangzeb said that the government had achieved major economic stabilisation under the leadership of Prime Minister Shehbaz Sharif, despite floods and the US-Iran conflict.\n\n\n\n\n\nHe said Pakistan’s economic growth had reached 3.7 per cent, with large-scale manufacturing expanding by 6.1 per cent and the services sector growing by 4.1 per cent, both at a four-year high.\n\nHe said the size of the economy had reached 452 billion dollars, while per capita income had risen to 1,901 dollars from 1,751 dollars last year.\n\nThe finance minister said the policy rate had been reduced from 22 per cent to 11.5 per cent over the past two years, reflecting improved macroeconomic conditions.\n\nHe said remittances had surged to 38 billion dollars in the first 11 months of the fiscal year and were expected to exceed 41 billion dollars, the highest level in the country’s history.\n\nAurangzeb said tax-to-GDP ratios had increased by around 2 percentage points over three years, contributing to stronger fiscal stability.\n\nHe said the budget reflects continued reforms aimed at stabilising the economy and sustaining growth.\n\nThe post Govt allocates Rs3 trillion for defence in new budget appeared first on HUM News English.",
"title": "Govt allocates Rs3 trillion for defence in new budget"
}