Centre, KP seem to be on ‘same page’ on NFC tweaks

• First meeting of 11th NFC scheduled for Friday • PTI’s Muzammil Aslam says KP will seek disincentivising population, propose prosperity and forestation as criteria for resource distribution • KP minister rues imbalance in Centre’s approach to smaller provinces NATHIA GALI: For a change, the federal government led by the PML-N and the Khyber Pakhtunkhwa government headed by the PTI seem to be in agreement … Continue reading Centre, KP seem to be on ‘same page’ on NFC tweaks

Centre, provinces agree to deliver Rs600bn surplus

ISLAMABAD: As part of efforts to regain some of the fiscal space lost under the 7th National Finance Commission to provinces almost 15 years ago, the federal government has signed agreements with the four provinces to deliver a cumulative fiscal surplus of at least Rs600 billion and refrain from creating further debt in operations of key commodities like fertiliser, wheat and other eatables until the … Continue reading Centre, provinces agree to deliver Rs600bn surplus