The World Bank has recommended that Pakistan revise the National Finance Commission (NFC) Award formula to improve fiscal federalism, strengthen revenue collection and ensure a more equitable distribution of resources among the provinces. The recommendations were presented in the World Bank’s report, Strengthening Fiscal Federalism in Pakistan, launched by lead economist Tobias Haque and Country […]
fiscal federalism
KP aide calls federal funds figures misleading
PESHAWAR: Special Assistant to the Chief Minister for Information and Public Relations, Shafi Jan, on Sunday claimed that federal government figures on transfers to provinces were misleading, as major financial dues of Khyber Pakhtunkhwa (KP) remain unpaid. He said the federal government owes KP nearly Rs4 trillion, including delayed royalties on hydropower and unaccounted windfall […]