The four provinces have made no headway on horizontal distribution of resources under the 7th National Finance Commission (NFC) Award here on Thursday, however formula for vertical sharing between ...

"The 7th NFC Award introduced multiple criteria for horizontal distribution among the provinces. There is a possibility that the share of one or more criteria can change in the next award," he adds.

However, the award was inconclusive and agreed to continue the formula of 7th NFC till the announcement of 9th NFC award in July 2015, which will complete its tenure in June 2020.

The 7th award marked a fundamental shift to make resource distribution more equitable and progressive, says a study conducted in 2019 titled “NFC Award: Devising Formula for Horizontal ...

The 7th NFC award formula given 82 percent weightage to population, poverty 10.3 percent, revenue 5 percent (2.5 percent revenue generation, 2.5 percent Revenue collection) and area 2.7 percent share.

The 7th NFC award has expired six years ago and is being extended on an ad-hoc basis. The NFC has decided to set up a sub-group on horizontal distribution of resources headed by Baluchistan ...

The 7th NFC Award (2009) was the first to adopt a multi-factor formula, reducing the population's weight from 100 percent to 82 percent and incorporating factors like poverty levels, revenue ...

Under the 7th NFC Award, the share of provinces in vertical distribution was increased from 49 percent to 56pc during 2010-11 and 57.5pc during the remaining years of the award.

The 2010’s 7th NFC award that expired in 2015 is being extended every year by the president of Pakistan due to a lack of consensus on the 8th award. Under the 7th NFC award, the Centre gets 42.5 ...

“Since the 7th NFC Award, FBR taxes have remained stagnant in the range of 9% of the GDP, whereas provincial taxes have increased from 0.3% to over 1% of the GDP,” she had pointed out.