Pakistan is constantly buying fighter jets, drones, submarines and warships. While the economic condition of the country is bad. Pakistan’s GDP is about 236 billion dollars. This year there is a plan to spend more than $ 7 billion on defense alone. It seems that the financial crisis of the country is not affecting the army. That is, the Government of Pakistan may have shortage of money but not with the Pakistani Army.
Where does the army come from?
Pakistan’s rules to buy weapons are different. China gives more than 80% of weapons to Pakistan. China not only gives weapons, but also gives money to buy them. This money is given at low interest, on easy terms and for a long time. This means that Pakistan does not need immediate money to buy weapons. He only needs friends.
In addition, Pakistan’s army has its own major trading empire. The army does many functions like farming land, cement factories, investment councils and housing projects. In this way, the army does not depend on the budget of the government and earns money, spends and buys weapons.
Loan received from many countries of the world
Pakistan has taken loans from many countries. Since 1948, the US alone has given Pakistan a $ 40 billion economic and military assistance. If Canada, Britain and Europe are also mixed, the figure exceeds $ 55 billion.
Two days ago, IMF gave Pakistan a new $ 2.4 billion help. It has 1 billion dollars under EFF and $ 1.4 billion under RSF. The purpose of EFF is to stabilize Pakistan’s economy. It is part of the $ 7 billion package, which will last for 37 months. The purpose of RSF is to help in dealing with climate change.