President Zardari approves Balochistan’s new NFC nominee

Balochistan—(Special Correspondent/Web Desk)—President Asif Ali Zardari has approved a change to the 11th National Finance Commission (NFC). This happened after the province of Balochistan chose a new person to represent them.

The NFC’s job is to decide how money from taxes is shared between Pakistan’s federal government and its four provinces. It was first formed in August.

The group is led by the Federal Finance Minister. It also includes the finance ministers from each province and four other expert members.

The first meeting was delayed because Sindh’s government was preparing for possible floods.

Balochistan’s new pick for their expert member is named Mahfooz Ali Khan. The President agreed to this new choice, replacing the earlier one.

The Commission must follow rules set by the country’s constitution. They will focus on dividing the money from five major types of national taxes.

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These taxes include income tax, sales tax on goods, and certain excise duties.

The NFC will also suggest how the federal government can give financial aid to the provinces. Another task is to set rules on how each tier of government can borrow money.

Furthermore, the group will look into sharing costs for big national projects. This could include expenses for disasters, health programs, and building large dams or highways.

The federal government wants provinces to help pay for these shared national needs. It also suggests using performance, not just population, to decide some funding.

The Commission’s final job is to ensure enough resources are set aside for the regions of Azad Jammu, Kashmir, and Gilgit-Baltistan.