ISLAMABAD: President Dr Arif Alvi has constituted the tenth NationalFinance Commission (NFC) to ensure just distribution of resources betweenthe Centre and the four federating units.
The president has constituted the NFC under Article 160(1) of theConstitution of the Islamic Republic of Pakistan.
The Finance Division has notified the new 10-member Commission. FinanceAdvisor Hafeez Sheikh will be the chairman of NFC which will comprise thefour provincial finance ministers.
Under the constitution, the president has to announce a new NFC after everyfive years.
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President Dr Arif Alvi last year reconstituted the ninth National FinanceCommission (NFC).
The NFC Award is a constitutional obligation. It is clearly indicated inthe Article 160 of the “Constitution of Islamic Republic of Pakistan, 1973”that it has been made mandatory for the government to compose NFC Award atan interval extending not more than five years for the amicable resourcedistribution among the federation and its respective units.
