ISLAMABAD (Reuters) -Pakistan’s federal budget for fiscal year 2025-26 is expected to cut spending to 17.57 trillion rupees ($62.30 billion) from 18.9 trillion rupees in the previous year, a source said ahead of the announcement on Tuesday.
But it is expected to raise defence spending to 2.55 trillion rupees ($9.04 billion) from 2.1 trillion rupees in the previous year, the source said, following a military conflict with old foe India last month.
($1 = 282.0000 Pakistani rupees)
(Reporting by Asif Shahzad and Islamabad newsroom; Writing by Charlotte Greenfield; Editing by YP Rajesh)
