Federal Government Forms 11th National Finance Commission Islamabad – The federal government has officially announced the formation of the 11th National Finance Commission (NFC), a key body responsible for shaping fiscal federalism and ensuring fair financial allocations across Pakistan. According to a notification from the Ministry of Finance, Federal Minister for Finance Muhammad Aurangzeb has […]
IMF Pushes Pakistan to Revise NFC Award Formula ISLAMABAD — The International Monetary Fund (IMF) has asked Pakistan to review its National Finance Commission (NFC) Award in a bid to strengthen fiscal discipline, according to official sources. The proposed changes could reduce the provinces’ current share of 57.5 percent from the divisible pool. If the […]
“Provincial government has invested in Lahore with its resources and not by the federal government,” Ahsan Iqbal said. “The federal government didn’t spend funds on it,” the minister said. He said the provinces receive resources according to their population under the National Finance Commission (NFC). “The provincial government gets resources in proportion to the population […]
Pakistan and the IMF have commenced policy-level talks for the disbursement of a $1 billion loan tranche under the ongoing loan package. The officials held a lengthy session of talks with the IMF team to cut the electricity tariff by 1.5 to two rupees per unit, according to sources. “Final decision to slash basic tariff […]
According to the report, the provinces will receive Rs 10,350 billion by fiscal year 2026-27 under the National Finance Commission (NFC) Award. The plan indicates an increase in provincial shares, with Rs 8,921 billion allocated for the next fiscal year 2025-26, and Rs 10,350 billion by 2026-27. The current fiscal year will transfer 39.4% of […]
