nfc stands for in pakistan The NFC award is meant to distribute financial resources between the federal government (vertical distribution), and the provinces (horizontal distribution).
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The NFC award is meant to distribute financial resources between the federal government (vertical distribution), and the provinces (horizontal distribution).
The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalance.Article 160 of the Constitution of Islamic Republic of Pakistan authorizes the President of Pakistan to approve distribution of revenues between the federation and the provinces through an Order . The NFC award is meant to distribute financial resources between the federal government (vertical distribution), and the provinces (horizontal distribution).
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nfc government of pakistan
The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. [1] Constituted under the Article 160 of the Constitution , the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities .
Article 160 of the Constitution of Islamic Republic of Pakistan authorizes the President of Pakistan to approve distribution of revenues between the federation and the provinces through an Order (the NFC Award), on the recommendation of the National Finance Commission (NFC). ISLAMABAD: Amid a fresh political debate on constitutional and financial powers of the federation and its units, the government on Tuesday constituted the 10th National Finance Commission. Every few years, the debate crops up. But what is the NFC? According to Article 160 of the Constitution, the NFC Award is the allocation of revenues between the federation and the provinces. Provinces Demand More Share in NFC Award in 10th National Finance Commission Meeting. Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the inaugural meeting of the 10th.
While the central government must explore avenues to achieve fiscal stability, it should refrain from retracting the National Finance Commission (NFC) Award, ensuring .
Pakistan has introduced seven National Finance Commission (NFC) awards for the distribution of revenue between the center and provinces since 1975. The NFC Award, distinct from prestigious accolades like the Nobel Prize, specifically denotes the National Finance Commission Award—a financial distribution framework in Pakistan. In the intricate web of Pakistan’s federal structure, the 7th/ last NFC award stands as a cornerstone of fiscal justice – granting equitable distribution of resources among the federating units by providing each province a fair share of financial resources for equitable distribution of resources.
The NFC award is meant to distribute financial resources between the federal government (vertical distribution), and the provinces (horizontal distribution).The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. [1] Constituted under the Article 160 of the Constitution , the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities .Article 160 of the Constitution of Islamic Republic of Pakistan authorizes the President of Pakistan to approve distribution of revenues between the federation and the provinces through an Order (the NFC Award), on the recommendation of the National Finance Commission (NFC).
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ISLAMABAD: Amid a fresh political debate on constitutional and financial powers of the federation and its units, the government on Tuesday constituted the 10th National Finance Commission.
Every few years, the debate crops up. But what is the NFC? According to Article 160 of the Constitution, the NFC Award is the allocation of revenues between the federation and the provinces.
Provinces Demand More Share in NFC Award in 10th National Finance Commission Meeting. Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the inaugural meeting of the 10th.
While the central government must explore avenues to achieve fiscal stability, it should refrain from retracting the National Finance Commission (NFC) Award, ensuring . Pakistan has introduced seven National Finance Commission (NFC) awards for the distribution of revenue between the center and provinces since 1975. The NFC Award, distinct from prestigious accolades like the Nobel Prize, specifically denotes the National Finance Commission Award—a financial distribution framework in Pakistan.
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