A lot of Pakistan’s defence budget may get redirected in the post-Covid era, but army isn’t going to let go. It now eyes revocation of a constitutional amendment.
Arbitrage fund managers are bracing for lower returns after govt raised taxes on equity derivatives. Arbitrage funds gained traction in India last yr as foreign investors exited equities.
Defence Acquisition Council likely to take up P-8I procurement, cleared in 2019, in third week this month. Proposed joint production of GE F414-INS6 engine also on agenda.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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