The Economic Advisory Council (EAC) on Sunday gave approval to borrow $42 million from World Bank for the poverty eradication programme announced of PTI government.

The meeting, held at Bani Gala, was chaired by PM Imran and attended by Finance Minister Asad Umar and other ministers and senior government officials, a press release stated.

Sources added that Rs5 billion will be release from the national development fund for the Naya Pakistan Housing Scheme.

A formal announcement on these decisions will be made on December 29 as part of the government's 100-day plan.