ISLAMABAD/PESHAWAR: Khyber Pakhtunkhwa has received Rs799.359 billion under the additional 1% war-on-terror share from 2010-11 to September 2026, according to official documents. The funds are provided to compensate the province for economic, infrastructure and other financial losses linked to terrorism and the security challenges faced by the province. KP receives additional 1% share Under the…
Centre Seeks Rs1.7 Trillion Cut in Provincial NFC Share, Says KP Finance Adviser ISLAMABAD – Khyber Pakhtunkhwa Finance Adviser Muzammil Aslam has claimed that the federal government is seeking a reduction of Rs1.7 trillion in the provinces’ share under the National Finance Commission (NFC) Award, while also urging provincial governments to increase tax collection and…
In a major policy shift, Pakistan’s provinces have agreed to share the financial burden of oil subsidies under the National Finance Commission (NFC) formula, as the federal government intensifies efforts to manage the ongoing fuel and economic crisis. The decision was finalized during a high-level meeting chaired by President Asif Ali Zardari, with Prime Minister…
Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has proposed significant reforms to the National Finance Commission (NFC) Award, calling for a modern formula that ensures fair and sustainable resource distribution among provinces. Speaking at the Pakistan Governance Forum 2026 in Islamabad, Iqbal emphasized the need to redesign the NFC formula to promote…
