Pakistan News

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  • Sound bytes: 'No big-ticket item on NFC agenda this time’

    Since it took power in 2013, the coalition government led by Chief Minister Dr Abdul Malik Baloch mentioned in its budgets that it will negotiate hard for a substantial increase in Balochistan’s share in the federal tax revenue under the National Finance Commission (NFC) when negotiations for the 8th award begin...

    He is the only member of the new commission who, as a representative of Sindh, was also part of the five-month-long NFC...

  • Formation of 9th NFC completed

    An official announcement of the finance ministry said Mr Ahsan will represent Punjab in the NFC...

    It was a major demand from the other three provinces to nominate the private member so that to convene the second meeting of the NFC...

  • Constitutional requirement being flouted by delaying NFC Award, says Murad

    HYDERABAD: Sindh Chief Minister Syed Murad Ali Shah has said that the federal government was flouting a constitutional requirement by delaying the overdue National Finance Commission (NFC) Award...

    The chief minister noted that the new NFC Award was to be announced in 2015 but fulfilment of the constitution requirement had already been delayed by two years...

  • Next NFC award

    AFTER some delays, the ninth NFC commission has finally been constituted to decide the eighth NFC award, and will be holding its first meeting within days...

    The last NFC award made history by devolving the majority of resources from the federal divisible pool to the provinces, whose share increased from 47...

  • PPP demands equal NFC share for S. Punjab

    LAHORE: The PPP has demanded equal share for the south Punjab in the NFC Award...

    He said it was unfair that the PML-N Punjab government had been spending most funds of the NFC Award on different projects like Metro Bus Service in Lahore and Rawalpindi while ignoring the south...

  • Govt not bound to give NFC award: minister

    ISLAMABAD: A federal minister dropped a bombshell on Tuesday when he told the Senate that the government was not constitutionally bound to give the National Finance Commission (NFC) award to the provinces and ruled out the possibility of a new award in the coming financial year...

    “The constitutional command is to constitute the NFC after intervals not exceeding five years and it does not make it mandatory for the centre to give the...

  • Sindh will oppose any extension in NFC award period, says CM

    Responding to the speculations in some circles about extension of one year in the period of present NFC award, the chief minister said that the Sindh government would oppose any such proposal if raised at the meeting convened by the federal finance minister on April 28 and emphasised the need to have new NFC award as per its schedule...

    Also read: Next NFC awardThe consultative meeting was attended by Sindh Finance Minister Syed Murad...

  • NFC award may be extended for one year

    ISLAMABAD: Amid tough divergent positions and demands for increased share out of common resources by the provinces, the federal government said on Tuesday the president could extend the 7th National Finance Commission (NFC) award for another year in the absence of a fresh consensus...

    At the first meeting of the 9th NFC, the provinces called for higher share from the divisible pool of resources while the centre made a pitch for...

  • Political economy of NFC

    THE eighth National Finance Commission (NFC) has been constituted and at least one preliminary meeting between the centre and provinces has been held...

    The NFC is designed to determine the envelope of fiscal transfers from the centre to the provinces from the federal divisible pool (vertical distribution), as well as the formula for distribution between the provinces (horizontal distribution)...

  • Tough task ahead for NFC

    Then there are issues related to straight transfers, which are not covered under the NFC...

    “Both the federal acts are against the spirit of the NFC award and unlawful...

  • Government constitutes 9th NFC

    ISLAMABAD: Finance Ministry on Friday notified 9th National Finance Commission (NFC) to work out a mechanism to distribute resources between federal government and the provinces for the next five years...

    The delay is attributed to nomination of technical members on the NFC by two provinces...

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