Skip to main content

Pakistan among top 20 military spending countries in 2018: Sipri report

Pakistan was 2018's 20th biggest military spender in the world with an expenditure of $11.4 billion, a report published by the Stockholm International Peace Research Institute (Sipri) said.

The military spending of 2018 made up for four per cent of Pakistan's gross domestic product (GDP) which is the highest level since 2004, according to the report by the Sweden-based institute.

The Sipri report ranked Pakistan among the top 10 countries with the highest "military burden" — described as a "state’s military expenditure as a share of GDP".

Since 2009, Pakistan's military spending has increased every year, the report stated, adding that between 2009 and 2018 the spending increased by 73pc. In 2017-18, the increase in military expenditure was 11pc, it said.

Top military spenders

The top military spender in the world is the United States, which spent $649bn on its forces last year. The US military spending, however, has decreased by 17pc over the past decade, the report said.

It is followed by China (around $250bn), Saudi Arabia (around $67.6bn), India ($66.5bn) and France ($63.8bn). These five countries accounted for 60pc of the global military spending.

According to the report, India's military spending, which rose by 3.1pc between 2017-18, was "largely motivated by tensions and rivalry with Pakistan and China".

Despite the increase from last year, India's military burden was the lowest since the 1960s and made up for 2.4pc of its GDP.



from The Dawn News - Home http://bit.ly/2voLkke
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Today’s outlook: Sindh CM discusses reopening markets with PM Khan

Here are some of the stories we are expecting to follow today (Thursday): Sindh Chief Minister Murad Ali Shah will take Prime Minister Imran Khan into confidence over reopening shops and markets across the province. The reopened markets will have to follow SOPs. Sindh Transport Minister Awais Qadir Shah will discuss SOPs with transporters for resuming public transport in the coming days. The meeting will be held at the Sindh Assembly building at 1:30pm. The Oil and Gas Regulatory Authority has proposed a price cut of Rs20.68 per litre for petrol in its summary. Imam-e-Kaaba Sheikh Abdul Rahman Al-Sudais has said Masjid Al Haram and Masjid Al Nabawi will be reopened for worshipers soon. He said the Kaaba is being sterilised using latest technologies. Punjab Chief Minister Usman Buzdar will head various meetings during his visit to Bahawalpur. As of Thursday, Pakistan has reported more than 15,500 confirmed coronavirus cases. ICYMI: An amendment to the National Accountability Or...
Post a Comment
Read more

Today’s outlook: Federal Cabinet discusses COVID-19, Islamabad eases lockdown

Here are some of the news stories we are expecting to follow today (Tuesday): Prime Minister Imran Khan will chair a meeting of the Federal Cabinet in Islamabad to discuss the current situation in the country because of the novel coronavirus. The Cabinet will approve decisions made in the last Economic Coordination Committee meeting along with a relief package for journalists. The Islamabad High Court will hear a case pertaining to giving relief to textile mills in paying their electricity bills. The court had asked the mill owners to ensure a guarantee that they’ll not lay off any daily wage worker. The Sindh government has resumed operations of 153 more factories. They have directed them to follow all SOPs. The Islamabad administration has eased the lockdown. Hiking trails and parks across the federal capital have been reopened for the public. Sindh Governor Imran Ismail has tested positive for the novel coronavirus. He is the second politician from Sindh, after Education Minis...
Post a Comment
Read more

Rouhani calls Imran, discusses resumption of trade

ISLAMABAD: Pakistan and Iran on Wednesday discussed full resumption of bilateral trade, which was halted last month because of the Covid-19 pandemic. “The two sides stressed the need to reactivate borders and border markets and strengthen trade ties by following health guidelines,” a statement issued by the Iranian presidency on the telephonic conversation between Prime Minister Imran Khan and President Dr Hassan Rouhani said. President Rouhani had called the prime minister for Ramazan greetings. Border trade between the two countries was suspended after a meeting of the National Security Committee (NSC), held on March 13, decided to close all borders because of the pandemic. Islamabad partially relaxed the restrictions on April 21, allowing the import of certain food items and provision of petrol and diesel to the border areas. Cargo traffic from Iran was allowed for three days every week. Cargo movement between the two countries takes place through five border crossings — Taftan...
Post a Comment
Read more