• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
Saturday, August 13, 2022
INCPak
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
INCPak
No Result
View All Result

Govt Cuts Armed Forces Development Budget on IMF’s Demand

by Ali Gulrez
Jul 6, 2022
in Islamabad, National
0

The Federal Government has announced a huge budget cut for the Armed Forces Development Programme (AFDP) in order to meet a major condition of the International Monetary Fund (IMF) to revive its loan programme.

Armed Forces Development Budget, Armed Forces Development Programme, AFDP, Army Budget
Govt Cuts Armed Forces Development Budget on IMF’s Demand

According to the details, the Government has slashed budget the Armed Forces Development Programme (AFDP) by Rs. 72 billion or one-fifth of the allocation so it can achieve a primary budget surplus in the new fiscal year, which is one of the demands put forth by the IMF in order to restore the bailout programme.

One of the core conditions for the revival of the IMF bailout package is having a primary budget surplus of Rs. 153 billion or 0.2 percent of the national output and Finance Minister Miftah Ismail hopes that a staff-level deal will be made with the IMF before the end of this week.

According to the details, the Government had allocated a budget of Rs. 363 billion for the Armed Forces Development Programme in the Finance Bill 2022-23 tabled in the National Assembly on June 10. However, the budget has been reduced to Rs. 291 billion in the revised Finance Bill made public after its approval from the National Assembly.

The Armed Forces Development Budget (AFDP) has been cut by Rs. 72 billion or 20% on IMF’s demand to restore the bailout package, which is needed to revive the economy. However, it is pertinent to mention that AFDP is allocated separately from the regular Defence Budget.

Read more: Journalist Imran Riaz Khan Arrested From Islamabad Toll Plaza.

Follow INCPAK on Facebook / Twitter / Instagram for updates.

Tags: AFDPArmed Forces Development BudgetArmed Forces Development ProgrammeArmy Budget
ShareTweetSend

Related Posts

ARY News NOC, ARY NOC, ARY NEWS, ARY
Islamabad

Govt Cancels NOC of ARY News

Aug 13, 2022
Karachi Weather, Karachi Weather Update, Monsoon, Weather Update
National

Karachi Weather Update: PMD Predicts Heavy Rain on August 13 & 14

Aug 12, 2022
Punjab Business Timings, Punjab Market Timings
National

Punjab Lifts Restriction on Business Timings & Sunday Closure

Aug 10, 2022
ARY News, ARY News Shut Down, ARY News Suspended
Islamabad

ARY News Transmission Suspended Across Pakistan

Aug 8, 2022
Islamabad Traffic Plan, Islamabad Traffic Plan 9 Muharram, Islamabad Traffic Plan 8 August
Islamabad

Islamabad Traffic Plan For 9 Muharram (8 August 2022)

Aug 8, 2022
Islamabad Traffic Plan, Islamabad Traffic Plan 8 Muharram, Islamabad Traffic Plan 7 August 2022
Islamabad

Islamabad Traffic Plan For 8 Muharram (7 August 2022)

Aug 8, 2022
PTI Show Show, PTI Public Gathering, PTI Power Show Islamabad, Independence Day, 14 August
Islamabad

PTI Announces Power Show in Islamabad on August 14

Aug 6, 2022
Islamabad Bakeries Timings, Islamabad Bakeries
Islamabad

Islamabad Extends Business Timings For Bakeries

Aug 6, 2022
Weather Update, Monsoon Rains, Monsoon
Islamabad

Weather Update: PMD Predicts More Monsoon Rains in Pakistan From August 10-13

Aug 6, 2022
Load More
Next Post
Honda Car Towing Service, Honda Car Towing, Honda Pakistan

Honda Atlas Launches 24 Hours Car Towing and Recovery Service

Pakistan Railways Discount, Pakistan Railways Tickets, Train Discount, Train Tickets Discount

Pakistan Railways Announces Discount on Tickets For Eid-Ul-Azha

Gold Rate in Pakistan, Gold Rate Pakistan, Gold Price in Pakistan, Gold Price Pakistan, Gold Rate in Pakistan Today, Gold Price in Pakistan Today, Gold Rate, Gold Price

Gold Rate in Pakistan Today - 7 July 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

INCPak Discover YouTube Channel

INCPAK Discover

Latest

  • Govt Cancels NOC of ARY News
  • When is Honda Atlas Launching HR-V in Pakistan?
  • Car Sales in Pakistan Witness a Significant Drop in July 2022
  • Karachi Weather Update: PMD Predicts Heavy Rain on August 13 & 14
  • Pakistani Rupee Continues Recovery Against US Dollar
  • USD to PKR – Dollar Rate in Pakistan – 12 August 2022
  • Gold Rate in Pakistan Today – 12 August 2022
  • All New Toyota Yaris 2023 Revealed [Images]
  • Motorola Launches Moto Razr 2022 To Rival Samsung Galaxy Z Flip 4

Follow us on Twitter

INCPAK Twitter

Follow us on Instagram

Qries

USD to PKR Rates

Qries

INCPak Official logo

INCPak Official Logo

Trending

  • Petrol Prices in Pakistan
  • USD to PKR Rates
  • MTMIS – Online Vehicle Verification
  • Ehsaas Program
  • Punjab Rozgar Scheme
  • Naya Pakistan Housing Program
  • Mera Pakistan Mera Ghar Loan

Site Links

  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact

All rights reserved © 2022 INCPak - Independent News Coverage Pakistan - (Digital News Portal)

No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

All rights reserved © 2022 INCPak - Independent News Coverage Pakistan - (Digital News Portal)