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Last Updated:June 12, 2026, 10:48 PM IST Islamabad on Friday proposed an 18.77 trillion (USD 67.49 billion) annual budget for the fiscal year, marking an increase of Rs 3 trillion from the previous year’s outlay Islamabad proposes an 18.77 trillion (USD 67.49 billion) annual budget for the fiscal year (Representative image credit: Reuters) Pakistan has…
Last Updated:June 12, 2026, 4:02 pm IST Pakistan’s armed forces had sought a 20-25% hike in defence spending, but sources said IMF pressure may limit the increase to around 6.6%. Pakistani Prime Minister Shehbaz Sharif. (File Image) Pakistan’s defence budget is likely to rise to around PKR 3,000 billion in the annual budget to be…
New Delhi: As Pakistan’s economic frailty teeters on the edge, the International Monetary Fund (IMF) has signalled a hardening of stance. It has slapped Islamabad with 11 fresh policy requirements to unlock its next bailout tranche. This brings the total number of conditions to a staggering 50. The latest decision reflects the global lender’s growing…