Pakistan has become 20th biggest military spender in 2018 according to SIPRI

Pakistan is now the 's 20th biggest military spender in the world with an expenditure of $11.4 billion by Stockholm International Peace Research Institute (Sipri) report.

 

According to a report by the Sweden-based institute, military spending in 2018 made up four per cent of Pakistan's gross domestic product (GDP) since 2004.

 

 The report said that Since 2009, Pakistan's military spending has increased every year. The report further said that between 2009 and 2018 the spending increased by 73pc and between 2017-18, the military expenditure was 11pc.

 

Top Military Spenders in World

 

The United States comes on top in military spender which spent $649bn on its forces last followed by China (around $250bn), Saudi Arabia (around $67.6bn), India ($66.5bn) and France ($63.8bn). These five countries spend 60pc of the global military expenditures.

 

According to the report, India's military spending, which rose by 3.1pc between 2017-18, was "largely motivated by tensions and rivalry with Pakistan and China".

 

Despite the increase from last year, India's military burden was the lowest since the 1960s and made up for 2.4pc of its GDP.

 

Source: Dawn news


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