Pakistani Defense Market Expected to Spend US $48.5 Billion on Defense During the Forecast Period, 2020-2024 - ResearchAndMarkets.com
Pakistan is expected to spend US$48.5 billion on defense over 2020-2024 to manage internal instability and bolster its defense capabilities with respect to India.
- Pakistan is expected to spend US$48.5 billion on defense over 2020-2024 to manage internal instability and bolster its defense capabilities with respect to India.
- The country's military hardware upgrade strategies are expected to increase the average capital allocation to 37.8% over the forecast period.
- HLS expenditure, valued at US$1.0 billion in 2019, grew from US$0.9 billion in 2015, at a CAGR of 2.68%.
- This report offers detailed analysis of Pakistani defense industry with market size forecasts covering the next five years.