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Making the NFC work

The recent demands from multilateral institutions such as the IMF and the World Bank to revisit the National Finance Commission (NFC) Award have ignited a fresh debate on resource distribution…

Attacking the NFC – again

The attacks on the 7th National Finance Commission Award continue relentlessly, even though all the technical arguments forwarded by apologists of centralization for reversing it have been soundly rebutted. Desperation,…

The FCA conundrum

Power regulator Nepra’s recent approval of a Rs 7.1308/unit tariff hike under Fuel Adjustment Charges (FCA) has sent shockwaves across consumer sections in the country. The Feb-23rd hearing on the…

SIFC: where vision meets action

The unveiling of SIFC (Special Investment Facilitation Council) marks the Government of Pakistan’s comprehensive ‘Economic Revival Plan’ in response to the economic challenges faced by the country. The SIFC was…

The NFC debate

Once again there is debate surrounding the National Finance Commission (NFC) Award, driven by short-term fiscal concerns and external pressures. It is important to acknowledge the pivotal role the NFC…

NFC and fiscal equity

Initiated by the centre and fiercely contested by the provinces, the reallocation of the NFC comes under debate each time the annual budget is due or when a new federal…

An accountant’s approach to NFC?

A lot has been written recently about the need to revisit and reduce the share of the provinces in the 7th National Finance Commission Award, but sadly most of it…

NFC: call for fiscal reforms

In an analysis of the 7th NFC Award (‘Fiscal realities: A case for NFC reform’, March 20), published on these pages, I showed that provincial governments collect a small fraction…

Why the NFC matters

The ongoing economic downturn in Pakistan necessitates a search for fiscal solutions. While the central government must explore avenues to achieve fiscal stability, it should refrain from retracting the National…

Attacks on the NFC Award

There have recently been some attacks on the 7th NFC award relating to the distribution of federal tax revenues between the federal and provincial governments. This process of distribution is…