Most of the money will be spent on paying back foreign loans.

Global lender voices reservations over a proposed SBP amendment bill.

The objective IMF mentions is keeping the budget deficit equal to 4.8% of the country’s GDP or Rs1.398 trillion.

Will conditionally withdraw their cases against Moscow.

Joint Economic Council to settle issues including payments for power import.

ECC also approves release of 60,000 metric tons of wheat for internally displaced persons.

Reveals that deficit for FY15 could be Rs2.3t or 7.8% of GDP.

The body also lifted bans on import of live animals; CNG cylinders and kits for OEM companies.

Both countries had agreed to announce trade concessions on March 31.

ECNEC approved a Rs5.2 billion project to strengthen the Balochistan Constabulary.