A cornerstone of Pakistan’s fiscal federalism
The National Finance Commission (NFC) Award, a constitutional obligation under Article 160 of the Constitution of Pakistan, is the bedrock of fiscal federalism in the country. It serves as a vital mechanism for the vertical and horizontal distribution of financial resources between the federal government and its constituent provinces, and among the provinces themselves. The […]
A cornerstone of Pakistan’s fiscal federalism
The National Finance Commission (NFC) Award, a constitutional obligation under Article 160 of the Constitution of Pakistan, is the bedrock of fiscal federalism in the country. It serves as a vital mechanism for the vertical and horizontal distribution of financial resources between the federal government and its constituent provinces, and among the provinces themselves. The […]