The defence budget proposal for the financial year 2013-14 has been prepared, which envisages overall 13 percent increase, taking the total defence budget allocation to Rs627 billion, local media reported.
The ministry of finance and planning commission in a meeting mulled over the budget allocations of various ministries including the ministry of defence.
Adviser ministry of finance, Asad Amin presiding over the meeting approved a 13 percent increase in the defence budget 2013-14, taking the total allocation to Rs627 billion as against the 2012-13 budget allocation of Rs545 billion, which was later raised to Rs570 billion.