Finance Minister writes to CMs for reconstitution of 9th NFC

ISLAMABAD: For the reconstitution of 9th National Finance Commission (NFC), Finance Minister Asad Umar, has written letters to chief ministers of all four provinces on Wednesday. 

After every five years, reconstituting the National Finance Award is a constitutional obligation, read the letter.

“The federal finance minister and the provincial finance ministers are the statutory members of the NFC. It is customary to include one non-statutory member from each province,” the letter added.

Once the provincial governments nominate their members for the commission, an official notification regarding constitution of the NFC will be released.

On the floor of the Senate last month. the federal finance minister informed the lawmakers that the National Finance Commission Award is a constitutional obligation. On the first day after assuming the public office, Umar directed the finance secretary to initiate the process for reconstitution of NF award.