Both countries sign agreements, vow to work closely in completing projects

Money will be used to install smart meters, privatise Discos, scale back subsidies

$400m will be disbursed immediately while remaining will be released as govt installs smart electricity metres

Govt settles trade claims dispute, clears decks for Russian president’s maiden visit

To loan at least $326m of the total project cost of $796m

Out of Rs150.6 billion, only Rs71.3 billion spent during July-Sept

Chairman replaced by a ‘cool-headed decision-maker’

Govt incurs Rs416-billion expense to service domestic and foreign debt

The National Highway Authority (NHA) is to complete the project on turn-key basis

Negotiating with traders in attempt to bring them into tax net