Pakistan IMF Review Talks Near Completion for Fifth Loan Tranche Release
Pakistan and the IMF are expected to conclude review talks this week, with discussions covering tax collection, energy reforms, circular debt and the NFC Award.
Govt Considers NFC-Based Financial Framework to Strengthen Gilgit-Baltistan Finances
The federal government is considering an NFC-based financial framework for Gilgit-Baltistan, while the GB Assembly has approved an AJK-style interim financial arrangement.
Higher Revenue Targets Boost Federal Transfers to Provinces to Record Rs8.63 Trillion
Pakistan provinces will receive a record Rs8.63 trillion from the divisible tax pool in FY2026-27 under the National Finance Commission Award.
World Bank Urges Pakistan to Reform NFC Award and Slash Federal Spending
World Bank Country Director Bolorma Amgaabazar calls for a new National Finance Commission Award to address Pakistan’s Rs2 trillion annual fiscal shortfall.
Finance Minister Muhammad Aurangzeb Pledges Federal Support to Khyber Pakhtunkhwa Over Fiscal Crisis
Federal Finance Minister Muhammad Aurangzeb assures KP Chief Minister Sohail Afridi of full support in resolving the province’s financial challenges and NFC fund delays.
NFC meeting delay expected as working groups fall behind on key recommendations
The next National Finance Commission meeting may be delayed as working groups struggle to finalize recommendations on fiscal distribution, debt, taxation, and merged districts, impacting federal and provincial planning.
Revenue Challenges in Pakistan Highlight Capacity Gaps Beyond NFC Allocations
Pakistan’s growing debt and revenue challenges are rooted in limited provincial tax generation, public sector inefficiencies, and underutilized resources, rather than the current NFC award formula.