ISLAMABAD: Finance Minister Ishaq Dar on Saturday assured Chief of Army Staff (COAS) Gen Raheel Sharif of meeting all defence needs of the armed forces.
The finance minister met the COAS to discuss issues related to the defence budget for the upcoming fiscal year 2014-15.
During the meeting, a review was made regarding the defence needs of the armed forces of the country. Both the leaders agreed on raising the defence capabilities of the country’s armed forces with special focus on regional stability and security situation, and the growing challenges of terrorism and extremism.
Sources privy to the Finance Ministry said that during the sitting, both the leaders exchanged their views on various topics related to the upcoming budget with special focus on defence allocations. Assuring the COAS of providing all possible resources in the coming budget, the minister vowed to increase the capabilities of the armed forces.
According to the ISPR, the finance minister said that the present government accords topmost priority to national security and shall provide every possible assistance to the armed forces so that they could carry out their assigned mission of defending the motherland.
Another source informed the scribe that the defence budget was expected to be raised up to 20 percent, and was likely to exceed over Rs 700 billion.
The defence budget for the ongoing fiscal year was Rs 625 billion, whereas it was exempted from any deductions, when the government announced to deduct 30 percent of its expenditures from other ministries.
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