Govt finally calls inaugural National Finance Commission session on Dec 4
Govt finally calls inaugural National Finance Commission session on Dec 4 • Aurangzeb-led commission to chart strategy, form sub-groups for new award • Provinces, Centre to give 10-minute briefings on fiscal positions • Terms of reference cover distribution of five key federal tax categories • Commission to debate cost-sharing for provincial, national, transnational projects • PM expected to engage with leadership of key allies before formal sitting ISLAMABAD: After yet another rescheduling, the federal government has convened the inaugural meeting of the 11th National Finance Commission (NFC) on Dec 4 to set the housekeeping framework for subsequent technical, financial and legal discussions on horizontal and vertical resource sharing among the federating units. According to notices sent to the provinces, the first NFC meeting, to be presided over by Federal Finance Minister Muhammad Aurangzeb, will take up three agenda items. It will begin with general discussions on “stra...