KARACHI: Federal Finance Minister Shaukat Tarin has said that the NFC Award has reached the final stage and assured that the share of provinces will be increased beyond fifty percent in the vertical distribution of the National Finance Commission Award.
Addressing a press conference following the fifth meeting of the NFC board in Karachi, Tarin stressed that the federal government is committed to empowering the provinces.
When talks resume tomorrow, the horizontal distribution of funds among provinces will be discussed.
‘If we would take care of all the provinces, it will amount to taking care of their people,’ he said and added ‘if we would make the provinces stronger, it would mean strengthening the federation’.
He said that the NFC issue was never genuinely addressed and many issues were left unresolved when the award was given in haste by a non-representative government 19 years ago.
Some provinces, he pointed out, have described sales tax as a provincial right while one province had been asserting on gas development surcharge and yet another province demanded award on the basis of war against terrorism.—DawnNews/APP