The federal government is preparing to establish the 11th National Finance Commission (NFC) to propose a new national financial award for the distribution of resources among federating units. According to sources, the commission will present its recommendations after the federal budget of FY2025-26. Sources further said, the Ministry of Finance has sent letters to provincial finance ministers seeking nominations for technocrat members. Asad Saeed is expected to represent Sindh, while Kaiser Bengali will be the technocrat member from Balochistan. The commission’s formation will be finalized once names are received from Punjab and Khyber Pakhtunkhwa.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

PDM all set for Inflation March: Fazlur Rehman

On Tuesday, Pakistan Democratic Movement (PDM) chief Maulana Fazlur Rehman said that…

Gillani regains senate’s seat from Islamabad

Syed Yousuf Raza Gillani, the joint candidate of the ruling coalition, regained…

Russia has no plans of retreating from Ukraine: Putin

Moscow: On Dec 22, President Vladimir Putin declared that Russia had a…