National finance commission awards in Pakistan a historical perspective by Iftikhar Ahmad.

Cover of: National finance commission awards in Pakistan | Iftikhar Ahmad.

Published by Pakistan Institute of Development Economics in Islamabad .

Written in English

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Edition Notes

Book details

StatementIftikhar Ahmed, Usman Mustafa, Mahmood Khalid.
SeriesPIDE workiing papers -- 2007 : 33
ContributionsMustafa, Usman., Khalid, Mahmood., Pakistan Institute of Development Economics.
The Physical Object
Pagination22 p. :
Number of Pages22
ID Numbers
Open LibraryOL17012090M
LC Control Number2008311967

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"National Finance Commission Awards in Pakistan: A Historical Perspective," Finance Working PapersEast Asian Bureau of Economic Research. Ahmad, Iftikhar & Mustafa, Usman & Khalid, Mahmood, "National Finance Commission Awards in Pakistan: A Historical Perspective," MPRA PaperUniversity Library of Munich, Germany.

their collection [Pakistan ()]. The Award The National Finance Commission was set up under article of the constitution. The divisible pool consisted of collection from income tax, sales tax, excise duty and export duty.

However 30 percent of sales tax was distributed in accordance with its collection in each province. National Finance Commission Awards in Pakistan: A.

Downloadable. This study explores the evolution of fiscal resource distribution in Pakistan. Pakistan is a federation comprising four provinces, federallyadministered areas, and the Islamabad Capital Territory. Being a central type of government, most of the revenues are collected by the centre and then redistributed vertically between the federal and the provincial governments, and.

The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since Constituted under the Article 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 imbalances.

Later, the award was renamed as the National Finance Commission. The NFC award includes the distribution of taxes collected by the federal government which form a divisible pool. National Finance Commission: Article of the constitution of Pakistan says that after every five years the president shall constitute a National Finance National Finance Commission will review the formula for the distribution of funds, taxes and other monetary assets among the Center and the Provinces and among the four federating units of Pakistan namely, Punjab, Sindh.

NATIONAL FINANCE COMMISSION NATIONAL FINANCE COMMISSION (NFC) is a constitutional body constituted under Article of the Costitution of the Islamic Republic of Pakistan, The Order of the President in the light of the recommendations made by the NFC is known as NFC Award.

National Finance Commission.—(1) Within six months of the commencing day and thereafter at intervals not exceeding five years, the President shall constitute a National Finance Commission consisting of the Minister of Finance of the Federal Government, the Ministers of Finance of the Provincial Governments, and such other persons as may be appointed by the.

Constitutional Provision - Constitution Article(1)Within six months of the commencing day and thereafter at intervals not exceeding five years, the President shall constitute a National Finance commission consisting of the Minister of Finance of the Federal Government, the Ministers of Finance of the Provincial Governments, and such other persons as may be appointed by the President.

Punjab will get Rstr under the NFC award as against its share of Rstr during the current financial year, reflecting an increase of Rsbn. Sindh will have a share of Rsbn as.

The National Finance Commission is a series of planned award that the federal government of Pakistan gives to the provinces.

This series for the distribution economic award was started in The National Finance Commission is described and structured in the constitution of Pakistan under the article The National Finance Commission. Competition Commission of Pakistan(CCP) 72 Securities and Exchange Commission of Pakistan 86 Joint Investment Companies in Pakistan Infrastructure Project Development Facility (IPDF) M.

Provincial Finance O. Regulations Wing P. Auditor General of Pakistan Central Directorate of National Savings(CDNS) National Finance Commission also agreed to hold the next meeting, before end of April,which would focus on FATA and the taxation aspects of ease of doing business.

Chapter 1 Understanding Pakistan s Structural 1 Transformation: Chapter 4 The Nature and Direction of 42 i.l Structural Transformation 3 Agrarian Change The National Finance Commission Award The Basic Democracies of the s Local Government in the s (and s): Urban Pakistan. National finance commission Article of conatitution of pakistan in urdu National Finance Commission.

each Award of National Finance Commission shall not. Study material for CSS, PCS, NTS, PTS aspirants, serious candidates Avoid Negativity Be positive:). What is NFC award 1. What is NFC Award?The NFC award, National Finance Commission award, is the distribution of financial resources among theprovinces of Pakistan by the federal government on annual are pooled and distributed: Certain types of taxes collected in each province are pooled, thenredistributed according to the NFC formula.

National Finance Commission Awards in Pakistan: A Historical Perspective. GWADAR, Dec 30 The Seventh National Finance Commission Award was signed here on Wednesday by the finance ministers of the four provinces and the federal government.

LAHORE: The 9th National Finance Commission has agreed to make efforts to finalise the NFC Award by December 31 this year. A meeting of the commission chaired by Finance. State Minister for finance, Rana Muhammad Afzal told Senate that a meeting to finalize new National Finance Commission (NFC) award is scheduled on Marc 1.

He disclosed that earlier three meetings were held but participants could not reach at consensus. The Minister said that federal government was fully committed to finalizing the NFC award as [ ]. The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since   President of Pakistan Dr Arif Alvi has finalised the 10th National Finance Commission on Tuesday, according to an official notification issued.

National Finance Commission award was announced by the caretaker government at a time when the nation was entirely absorbed in the elections. It could not, therefore, be understood why the caretakers were in such a hurry to announce it, particularly when it had no obligation, or political compulsion to announce.

ISLAMABAD: In a major development, the federal government has decided to revisit the National Finance Commission (NFC) award and 18th Amendment, a private TV channel reported on Sunday. 1. NFC awardFrom Wikipedia, the free encyclopediaThe NFC Award or National Finance Commission Award, is the distribution of financial resourcesamong the provinces of Pakistan by the federal government on annual basis.

Certain types of taxescollected in each province are pooled, then redistributed according to the NFC formula. ISLAMABAD – The 10th National Finance Commission (NFC) is all set to establish the spread of viral infections as completely the center’s prerogative, The Dependent has reliably learnt.

National Finance Commission Awards in Pakistan: A Historical Perspective. Abstract: This study explores the evolution of fiscal resource distribution in Pakistan.

Pakistan is a federation comprising four provinces, federallyadministered areas, and the Islamabad Capital Territory. Population is the sole distribution criteria, adopted in.

Since independence () seven revenue sharing awards have been announced in Pakistan. Raisman Award being the first inlater followed by, and Award. Two NFC were appointed in andbut no award was announced due to lack of consensus among the members of the commission. ISLAMABAD: Negotiations for the 8th National Finance Commission Award began on Tuesday on a dissenting note, with Islamabad and the four provinces unable to come to.

The Deadlock in National Finance Commission Award. Pakistan’s federal democracy is evolving; the 18th constitutional amendment, the passing of the 7 th NFC Award and local government elections are some recent positive developments. However, while local government framework and the ensuing elections are fraught with problems, the NFC Award too is not backed by strong evidence.

National Finance Commission award: a way forward Arshad Ali * Introduction The present civilian government, emphasizing on collaboration and consultation, is seeking to rebuild the country‟s political, economic and social institutions.

Needless to say, numerous concerns have in this regard been pointed out by politicians and analysts alike. On Ap a private TV news channel aired the breaking news that the federal government has decided to revisit the 7th National Finance Commission (NFC) Award and the 18th Amendment.

In the. Haji Muhammad who was a stalwart of Awami National Party also served as finance minister in ANP government and remained senator for a long period.

He also played significant role in formulation of National Finance Commission Award as a member of National Finance Commission. F.P. Report ISLAMABAD: The Senate, in a session on Monday, rejected a motion to present a bill proposing a constitutional amendment to the National Finance Commission Award, which earmarks a certain portion of resources for provinces.

The bill was proposed by Senator Barrister Mohammad Ali Saif, which gained 17 votes in favour while 25 against [ ]. The 7th National Finance Commission (NFC) Award was signed unanimously and formally after 19 years here at historic ceremony in Gwadar.

The federal Finance minister signed the Award after it was signed by Finance Ministers of four Provinces and unofficial members of commission, followed by felicitations exchanged with each other among the four.

While 18th Amendment and the 7th NFC (National Finance Commission) Award stand as important milestones in the terms of significant transfer of power and resources from the centre to the provinces, yet the next phase of transfer from the provinces to local governments has remained a weak link in the ultimate implementation of the said amendment.

The previous 7th NFC Award was signed and then promulgated on by the President of Pakistan in As per the provisions of Article of the Constitution the Award was to be valid for five years from to 'The share of the Provinces in each Award of National Finance Commission shall not be less than the share given to the.

The prime minister said though, after the new National Finance Commission Award, the development of Karachi was the provincial responsibility, the federal government had allocated Rs45 billion for.

KARACHI: Sindh government spokesperson Murtaza Wahab on Saturday objected to the Centre's slashing of the province's National Finance Commission award in .External links modified (February ) Hello fellow Wikipedians, I have just modified 5 external links on National Finance Commission take a moment to review my you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information.

I made the following changes. Minister for Finance, Revenue and Economic Affairs, Asad Umer on Tuesday told the Senate that the newly elected government would be taking steps to complete the process of the National Finance Commission Awards (NFC).

Senator Raza Rabbani said Senate in the past regularly raised the issue of National Finance Commission award. While speaking at the floor of the Senate .

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