National Finance Commission | Pakistan

• Aurangzeb-led commission to chart strategy, form sub-groups for new award • Provinces, Centre to give 10-minute briefings on fiscal positions • Terms of reference cover distribution of five key federal tax categories • Commission to debate cost-sharing for provincial, national, transnational projects • PM expected to engage with leadership of key allies before formal sitting ISLAMABAD: After yet another rescheduling, the federal government has convened the inaugural meeting of the 11th National Finance Commission (NFC) on Dec 4 to set the housekeeping framework for subsequent technical, financial and legal discussions on horizontal and vertical resource sharing among the federating units. According to notices sent to the provinces, the first NFC meeting, to be presided over by Federal Finance Minister Muhammad Aurangzeb, will take up three agenda items. It will begin with general discussions on “strategy for deliberations on the 11th NFC award, including proposed formation of sub-groups for deliberations on...

• Move comes amid downward revision in growth forecast to 3.5pc for current fiscal • Calls from IMF, armed forces, others to re-balance transfer of resources to provinces go unheeded • Centre ‘backs off’ from changes to award after deal with PPP ISLAMABAD: The inaugural session of the National Finance Commission (NFC), constituted three months ago, is not in sight, as the proposed date of Nov 18 has also been postponed amid a downward revision in the economic growth forecast by up to 0.7 per cent to 3.5pc for the current fiscal year. Informed sources said told Dawn that Prime Minister Shehbaz Sharif wanted to set the ball rolling at the political level on key Centre-provincial matters before opening the debate for financial rearrangements at the technically-constitutional forum of NFC. The 11th NFC was constituted on Aug 22 to give a fresh award for the sharing of federal divisible resources among the Centre and the provinces. The first meeting was originally called for Aug 27 and then delayed to Aug 29 for u...

ISLAMABAD: President Asif Ali Zardari has officially constituted the 11th National Finance Commission (NFC) under the Constitution’s Article 160, ARY News reported. The commission will play a crucial role in shaping fiscal federalism and ensuring equitable financial allocations across the federation. According to the notification on the 11th National Finance Commission issued by the Ministry […]

President Asif Ali Zardari on Friday constituted the 11th National Finance Commission (NFC) to announce a new award for the sharing of federal divisible resources between the Centre and the provinces. According to a notification from the Finance Division, the president constituted the commission with Finance Minister Muhammad Aurangzeb as the chairman and the four provincial finance ministers as its members. The commission also includes former bureaucrat Nasir Mahmood Khosa as a member representing the Punjab government, economist and researcher Asad Sayeed as a member representing the Sindh government, former bureaucrat Dr Musharraf Rasool Cyan as a member representing the Khyber Pakhtunkhwa government and Farmanullah as a member representing the Balochistan government. The commission will make recommendations to the president on the distribution between the federation and the provinces of the ““net proceeds of the taxes mentioned in clause (3) of Article 160 of the Constitution”, it read. The taxes are taxe...