NFC

E828278

The National Finance Commission (NFC) is a constitutional body in Pakistan responsible for periodically determining the distribution of financial resources between the federal government and the provinces.

All labels observed (1)

Label Occurrences
NFC canonical 2

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf constitutional body ⓘ
fiscal commission ⓘ
beneficiaryEntities Province of Balochistan ⓘ
Province of Khyber Pakhtunkhwa ⓘ
linked to: Khyber Pakhtunkhwa

Province of Punjab ⓘ
Province of Sindh ⓘ
federal government of Pakistan ⓘ
chairperson Federal Minister for Finance of Pakistan ⓘ
composition federal finance minister ⓘ
other members nominated by the President of Pakistan ⓘ
provincial finance ministers ⓘ
constitutionalArticle Article 160 of the Constitution of Pakistan ⓘ
constitutionalBasis Constitution of Pakistan ⓘ
country Pakistan ⓘ
establishedBy Constitution of Pakistan 1973 ⓘ
focus fiscal federalism in Pakistan ⓘ
intergovernmental fiscal transfers ⓘ
fullName National Finance Commission ⓘ
jurisdiction Government of Pakistan ⓘ
keyInstrument NFC Award ⓘ
languageOfWork English ⓘ
Urdu ⓘ
legalStatus permanent constitutional body ⓘ
levelOfGovernment federal ⓘ
locatedIn Islamabad ⓘ
meetingFrequencyRequirement at intervals not exceeding five years ⓘ
meets periodically ⓘ
primaryFunction vertical distribution of revenues between federation and provinces ⓘ
relatedConcept federal divisible pool ⓘ
provincial share in federal taxes ⓘ
revenue sharing formula ⓘ
relatedTo Finance Division (Ministry of Finance) Pakistan ⓘ
reportsTo President of Pakistan ⓘ
responsibility advise on borrowing powers of federal and provincial governments ⓘ
consider grants-in-aid to provincial governments ⓘ
consider measures to augment provincial revenues ⓘ
determine distribution of financial resources between federal government and provinces ⓘ
make recommendations on allocation of net proceeds of specified taxes ⓘ
recommend award of National Finance Commission Award (NFC Award) ⓘ
review and revise revenue sharing formula between federation and provinces ⓘ
secondaryFunction horizontal distribution of revenues among provinces ⓘ
shortName NFC ⓘ
subjectArea intergovernmental relations ⓘ
public finance ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

National Finance Commission (Pakistan) → shortName → NFC ⓘ
subject linked to: NFC