US EditionPresident Zardari Gives Go-Ahead to Change in NFC Formation
President Zardari approved Mahfouz Ali Khan's nomination to finalize the 11th National Finance Commission's nine-member team tasked with resource distribution amid ongoing fiscal challenges.
- On Saturday, President Asif Ali Zardari authorized an amendment to the makeup of the 11th NFC after receiving an updated nomination from the Balochistan government.
- This update took place after the Government of Balochistan submitted a revised nomination, appointing Mahfooz Ali Khan as their non ex-officio representative on the commission, which received the president’s renewed approval.
- The 11th NFC, constituted last week and chaired by the finance minister, comprises nine members including provincial finance ministers and provincial nominees tasked with fiscal deliberations.
- The NFC must recommend to the president the distribution of tax proceeds, grants-in-aid, borrowing powers, and the sharing of financial responsibilities including for national and trans-provincial projects.
- These developments align with IMF demands to revise the distribution formula, possibly reducing the population weightage and promoting provincial revenue generation alongside federal fiscal consolidation.
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President okays change in 11th NFC constitution
President Asif Ali Zardari addresses the Professor Waris Mir Memorial Seminar held in Lahore on July 9, 2024. — PPIISLAMABAD: President Asif Ali Zardari on Saturday gave his nod to a change in the constitution of the 11th National Finance Commission .A statement issued by the President...
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Daily Lead PakistanPresident Zardari approves change in 11th NFC constitution
President supersedes earlier approval given last week.Zardari also signs Criminal Laws Bill 2025 today.Finance minister to chair NFC; nine total members confirmed.ISLAMABAD: President Asif Ali Zardari on Saturday approved a change in...
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Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution67% Right
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67% Right
L 17%
C 17%
R 67%
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