The Pakistani Government has allocated its armed forces an additional PKR150bn ($1.74bn) to help meet the financing requirements for the Armed Forces Development Programme (AFDP) in the 2011-2012 budget.
The total defence and security-related budget allocation has been increased by 23.8% to PKR645bn ($7.49bn) for the 2011-12 fiscal year.
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According to a defence official, of the PKR150bn, PKR80bn ($929m) has been given under the 10-year AFDP while PKR50bn ($580m) will be given to the military for the Coalition Support Fund disbursements by the US.
The remaining PKR20bn ($232m) will be for the services charges paid by the United Nations to Pakistan against the Army’s contribution to UN peacekeeping missions.
The AFDP is an initiative to equip the armed forces with advanced modern aircraft, air surveillance planes, submarines and other sophisticated weapons and equipment.
The programme will continue until 2025, while its medium-term programme will be completed between 2019 and 2020.
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By GlobalData
