10th National Finance Commission Award Improving Lives of Citizen and Strengthening the Federation

Webinar Date : June 08, 2020 at 08:00-10:00
Webinar Moderator: Dr. Nadeem ul Haq (Vice Chancellor PIDE)
Webinar Panelists : Dr. Nasir lqbal (Associate Professor, PIDE), Noor UI Haq Baloch (Finance Secretary, Balochistan, BCPP), Amer Zafar Durrani (President, Reenergia), Ali Khizr (Group Head, Business Recorder), Hasaan Khawar (KPK SEED Team Leader), Jawad Majid (Member Advisory Board, CGSS)

The National Finance Commission (NFC) is a resource-sharing mechanism between the federal government and federating units. It was constituted under Article 160(1) of the 1973 Constitution. It is mandatory to constitute and hold the NFC meeting every five consecutive years. The purpose of the award is to: (1) Review the collection of revenues by the Centre from provinces. (2) Redistribute vertically between the federal and the provincial governments, as well as horizontally among the provinces. (3) Smooth and equitable fiscal transfers from Centre to provinces that may lead to the development and prosperity of all federating units.