ISLAMABAD: The first meeting of the ninth National Finance Commission (NFC) will be held today in Islamabad.
The first meeting of the commission is expected to discuss the financial position of the centre and the federating units and their income and expenditure trends.
The meeting is expected to the agenda for negotiations on the distribution of divisible tax pool funds among provinces and centre for the next five years.
The last PML-N government has urged the province to set a seven per cent resources from the divisible pool for expenses incurred on security. However, the provinces then resisted the centre demand.
The ninth NFC has been facing a deadlock over the centre’s demand since July 2015. Because of resistance from the provinces, the previous PML-N government had thought it better to delay discussions on the new award until after the 2018 general elections.
The commission was reconstituted recently by the Pakistan Tehreek-i-Insaf (PTI) government for working out a new award.
The last award was signed in December 2009 and has been effective since 2010-11. The award is often described as historic as it was agreed upon after a lapse of 20 years and drastically increased the combined provincial share from the pool that, under the constitution, could not be revised down.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription
