3 days ago
- Business
- Business Recorder
PM Shehbaz forms committee to review NFC award
Prime Minister Shehbaz Sharif announced on Tuesday the formation of a committee to review the 2010 National Finance Commission (NFC) Award.
Addressing a jirga on the security situation in Khyber Pakhtunkhwa (KP), the prime minister said that the first meeting in this regard is scheduled for August.
'As mentioned by Chief Minister Khyber Pakhtunkhwa in his address, I believe now is the time to review the 2010 NFC Award,' the prime minister said, adding that he was constituting a committee to take up the matter.
Issues of Balochistan to be resolved amicably: PM Shehbaz
He said the first clause of the NFC Award mentions the allocation of funds for the war on terror in KP – a move he described as the 'right decision' that played a key role in combating terrorism in the province.
He added that, under this arrangement, KP has so far received Rs700 billion in federal transfers.
More to follow.
