A meeting of the National Finance Commission (NFC) has been ‘scheduled’ for December 4 to discuss the implementation of IMF conditions and new financial award.
As per sources, IMF proposals for the changes to the NFC Award will be discussed. To consult on this matter, the federal government has invited the provinces to the upcoming meeting on December 4.
Federal Finance Minister Muhammad Aurangzeb, along with the finance ministers of all four provinces, will attend the session, according to the official notification.
The IMF is expected to be on board regarding the proposals for the new National Finance Award. Sources noted that if multiple sessions are required to finalize the new award, the process could take approximately six to eight months.
