Ahsan Iqbal confirms Pakistan will increase defence budget as security situation calls for it
Planning Minister Ahsan Iqbal on Saturday said that Pakistan will raise its defence budget for the upcoming fiscal year 2025-26 keeping in view the recent escalation with India and New Delhi suspending a key river water-sharing treaty with Islamabad.
Earlier this month, the minister had announced that the federal budget would be presented on June 2, however, Adviser to the Finance Minister Khurram Schehzad said yesterday that the budget would be presented on June 10, while the Pakistan Economic Survey would be released a day earlier.
Meeting a delegation at the Institution of Engineers Pakistan (IEP) in Lahore, led by IEP Secretary General Engr Ameer Zameer, the planning minister told reporters that the budget had not been delayed due to any pressure from the International Monetary Fund (IMF), but because of Prime Minister Shehbaz........
© Dawn Business
