New Delhi, June 23 (IANS) Pakistan’s own poverty line of 8,484 Pakistani rupee (PKR) as monthly income leaves about 70 million people or 28.9 per cent of the population below the threshold, the highest rate in 11 years and far higher than 21.9 per cent of previous survey (2018-19), a new report has said.The Afghanistan-based news agency Khaama Press said the official line of PKR 8,484, calculated by the cost‑of‑basic‑needs allocates $3.50 a day, far below the World Bank’s $4.20-a-day l…
Latest Military Spending News & Updates
Washington, April 9 (IANS) The move by India to expand its domestic defence manufacturing could strengthen economic growth, the International Monetary Fund said, noting that higher military spending can lift output when it supports local industry.“Defence buildups can boost economic activity in the short term—lifting consumption and investment,” the IMF said in its latest analysis of global defence trends.The report comes as defence spending rises worldwide amid growing geopolitical tensio…
United Nations, Dec 30 (IANS) Warning that the world is surrounded by “chaos and uncertainty”, Secretary-General Antonio Guterres, in his New Year message that was also issued in a Hindi version for the first time, appealed for prioritising development aid over military spending.“On this new year, let’s resolve to get our priorities straight.”, he said. “A safer world begins by investing more in fighting poverty and less in fighting wars”.”Peace must prevail,” he declared.As the In…
Tokyo, Dec 28 (IANS) The Japanese government has recently approved a draft budget for fiscal 2026, with defence spending set at about 9.04 trillion yen (about 58 billion US dollars), marking a new record high and sparking public concern.An editorial published on Saturday (local time) by Japan’s Shimbun Akahata noted that the country’s defence budget stood at 5.4 trillion yen in fiscal 2022 and has surged by 3.6 trillion yen in just four years, reports Xinhua news agency.The newspaper said the la…