Asia

Pakistan makes 11 percent increase in defense budget

Pakistan's finance minister has announced an 11 per cent increase in the country's defense budget next year.

In his televised speech before parliament Friday, Ishaq Dar outlined Pakistan's budget for 2016-17. He praised the army for its success in eliminating militant hideouts in Pakistan's tribal regions, where the Taliban until recently maintained a strong presence, but said the country continued to face a militant threat.

Pakistan's economy has been hard hit by a drop in foreign investment due to the militant violence and poverty rates are high, but defense spending has risen steadily in recent years.