9th NFC Award meeting held with Finance Minister Asad Umar in chair

ISLAMABAD – A meeting of the 9th National Finance Commission Award withFinance Minister Asad Umer in the chair is in progress in Lahore.

The meeting will discuss the resource distribution formula between theCenter and the federating units.

Amongst others, the provincial finance ministers are also attending themeeting.

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The last NFC award was signed in December 2009 in which greater share wasgiven to the provinces from the federal divisible pool.