LONDON: With global defence expenditure is set to increase again in 2018 to its highest level since the end of the Cold War, Pakistan’s defence spending to reach $11.1billion in 2017, according to the annual Jane’s Defence Budgets Report released by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.
According to the Jane’s report, defence spending will grow for the fifth consecutive year, reaching $1.67 trillion in 2018 and overtaking the previous post-Cold War record of $1.63 trillion seen in 2010.
Defence spending will increase by 3.3 percent in 2018 – the fastest rate of growth for …read more
Source: 24×7 News
