The Government has taken the first major step toward revising the National Finance Commission (NFC) Award by summoning provincial representatives for a key meeting on November 18. According to official sources, this marks an important development in the process of updating the revenue-sharing formula between the federation and the provinces.
The Ministry of Finance extended the date for the initial session after requests from the provincial governments. The meeting was previously scheduled for November 10, 2025, but was postponed to allow more time for coordination. Sources say the new date will likely be final, as both federal and provincial officials are now prepared to move forward.
Officials revealed that the upcoming meeting could be a turning point in achieving progress on the 11th NFC Award. The International Monetary Fund (IMF) is also expected to support the commission’s new proposals, signaling potential alignment between domestic fiscal policies and international financial commitments.
If the process proceeds without delays, it could take around six to eight months to finalize the revised NFC Award. This timeline includes consultations, data assessments, and drafting of recommendations to ensure fairness in the distribution of financial resources.
So far, two provinces have confirmed participation in the November 18 meeting. The first session was postponed earlier due to floods and logistical challenges faced by some provinces. With improved conditions, officials expect better attendance and a more productive discussion this time.
The NFC Award determines how revenue is divided between the federal Government and provincial administrations. Any changes to it have a significant impact on national budgeting, development planning, and provincial autonomy.
In other related news also read Provinces Gain Boost as NFC Allocations Surge in New Fiscal Year
Experts believe that the Government’s renewed efforts to advance the NFC process demonstrate its commitment to strengthening fiscal coordination and promoting financial balance across all provinces.
