NFC panels to ponder over new formula

ISLAMABAD:The National Finance Commission (NFC) on Thursday formed more than half-a-dozen committees to determine a new formula for the distribution of financial resources among the Centre and the four federating units, including a working group to address concerns over the mandate of the 10th NFC.

In its maiden meeting, the NFC members underscored the need for limiting discussions within the Constitutional parameters, as the forum faces the uphill task of finalising the next award after a gap almost 11 years.

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