Tag: foreign military financing
2 articles
Pakistan's Defence Woes Stem from Debt Trap
Pakistan's defence woes are rooted in a crippling debt trap, with a whopping $28.91 billion owed in interest payments, leaving a meager $10.77 billion for defence procurement. This cash crunch forces the country to rely on external financing and supplier credit, limiting its defence capabilities.
US Arms Sales Bills Advance, Taiwan Support Gains Momentum
The House Foreign Affairs Committee just shot down a bill that would have streamlined US arms sales, with Democrats warning that the Trump administration can't be trusted with billions more dollars in taxpayer funds without a solid plan in place. The surprise 23-23 tie vote dealt a blow to efforts to simplify the foreign military financing process.