• Move comes amid downward revision in growth forecast to 3.5pc for current fiscal
• Calls from IMF, armed forces, others to re-balance transfer of resources to provinces go unheeded
• Centre ‘backs off’ from changes to award after deal with PPP
ISLAMABAD: The inaugural session of the National Finance Commission (NFC), constituted three months ago, is not in sight, as the proposed date of Nov 18 has also been postponed amid a downward revision in the economic growth forecast by up to 0.7 per cent to 3.5pc for the current fiscal year.
Informed sources said told Dawn that Prime Minister Shehbaz Sharif wanted to set the ball rolling at the political level on key Centre-provincial matters before opening the debate for financial rearrangements at the technically-constitutional forum of NFC.
The 11th NFC was constituted on Aug 22 to give a fresh award for the sharing of federal divisible resources among the Centre and the provinces.
The first meeting was originally called for Aug 27 and then delayed to Aug
Continue Reading on Dawn
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.