NFC award
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NFC award i.e. National Finance Commission (NFC) award is the distribution of financial resources among the provinces of Pakistan by the federal government on annual basis.
Pakistan has seven NFC awards yet. The lack of consensus in the National Finance Commission had delayed the announcement of the seventh NFC Award. As a result, the sixth Award, which lapsed in the year 2002, was still being adhered to. Then after in a meeting between the president and the chief ministers, the four CMs empowered the president to take the final decision. Therefore, now the president has announced the seventh NFC Award through an ordinance. His fresh steps have revealed that the President believes in inter-provincial harmony. Since no consensus could be developed on a new NFC award and for that reason he had decided to offer more money to the provinces through a new resource distribution formula and decided to amend article 160 of the Constitution of the Islamic Republic of Pakistan to make the existing divisible pool more attractive for the federating units.
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