In 2024, Pakistan shelled out $10.2 billion in defence spends.
IMAGE: A Pakistani soldier salutes standing alongside an air defence missile system during the Pakistan Day military parade in Islamabad. Photograph: Saiyna Bashir/Reuters
Cash-strapped Pakistan may be a perennial borrower from the International Monetary Fund (IMF), with average annual receipts of about a billion dollars in the last six years.
It received another $1 billion on Wednesday. But its spends on the military tend to run up 10 to 20 times the IMF loans it receives.
In 2024, the country received $1 billion under an Extended Fund Facility (EFF) worth $7 billion approved for disbursal over 37 months. The same year, it shelled out $10.2 billion in defence spends.
Feature Presentation: Ashish Narsale/Rediff
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