Army chief Tuesday suspended the construction of a new multi-million dollar military headquarters in Islamabad because of the fallout from the global financial crisis, the military said. The move comes as nuclear-armed Pakistan, a key ally in the US-led "war on terror", seeks at least four billion dollars from the International Monetary Fund to stave of the threat of bankruptcy. "Being cognisant of the financial crunch being faced by Pakistan, COAS General Ashfaq Kayani has decided to suspend building of new GHQ at Islamabad," a military statement said. "The army shares the nation's quest for economic stability." The project to shift GHQ to Islamabad from its present location in the adjoining garrison city of Rawalpindi was set to cost 60 billion rupees (750 million dollars), a defence ministry official said.