Skip to main content

President Zardari approves change in 11th NFC members after Balochistan revises nomination

President Asif Ali Zardari on Saturday approved a change in the constitution of the 11th National Finance Commission (NFC) after Balochistan revised its nomination, a statement by the president’s secretariat said.

The 11th NFC was constituted on August 22 to prepare a new award for sharing federal divisible resources between the Centre and the provinces.

Chaired by Finance Minister Muhammad Aurangzeb, the NFC includes four provincial finance ministers and four non-statutory members, one from each province.

Its inaugural session, however, was postponed on the request of the Sindh government “due to the impending flood situation”.

As per the statement released today, the change became necessary after the “Government of Balochistan revised its nomination, recommending Mahfooz Ali Khan as its non ex-officio member in the 11th NFC”.

The statement added that the president has given the nod to this nomination, superseding the earlier approval.

The terms of reference set under clause 2 of Article 160 require the 11th NFC to distribute between the federation and provinces the net proceeds of five major tax categories as explained in clause 3 of Article 160.

These include: taxes on income (including corporation tax but excluding salaries paid out of the Federal Consolidated Fund); taxes on the sale and purchase of imported, exported, produced, manufactured, or consumed goods; export duties on cotton and other duties as specified by the president; excise duties; and any other taxes specified by the president.

The notification for the 11th NFC also mandates recommendations on grants-in-aid by the federal government to the provinces, and on the exercise of borrowing powers by both tiers of government.

The new NFC is further tasked with considering sharing of expenditures incurred, or to be incurred, by the federation in respect of matters falling within the provinces’ domain; expenditures on trans-national issues; and financial responsibility for national projects to be shared by both the Centre and provinces.

This apparently indicates the Centre’s intention to push for provincial contributions toward natural calamities, horizontal health programmes, major dams, highways, and motorways. The federal government has also been advocating for an end to population-based incentives, replacing them with social sector performance, along with activation of local governments.

The NFC will also determine grants-in-aid from the Centre to the provinces, set borrowing powers and conditions for both, and assess resources required to meet expenditures of Azad Jammu and Kashmir, Gilgit-Baltistan, and the newly merged districts of Khyber Pakhtunkhwa (erstwhile Fata).



from The Dawn News - Home https://ift.tt/nxA7hzC
Labels:

Comments

Post a Comment

Popular posts from this blog

Ministers rubbish notion that proposed retirement age extension to favour ‘one particular institution’

Information Minister Attaullah Tarar on Tuesday rubbished the notion that a proposed extension in the retirement age was to favour “one particular institution”, adding that the move would be implemented across the board if approved. The rebuttal comes in the wake of media reports claiming that the government was mulling changes to the Constitution to fix the tenure of the chief justice . Currently, judges of the Supreme Court, including the chief justice, retire after attaining the age of superannuation, i.e. 65 years, as stipulated in Article 179 of the Constitution. While giving his opinion recently on the reports of the constitutional amendment, Law Minister Azam Nazeer Tarar had said he “will not vehemently turn down the proposals related to the tenure of the chief justice”. Addressing the issue during a press conference in Islamabad today along since Finance Minister Muhammad Aurangzeb and the law minister, Attaullah said the extension in the retirement age was “a proposal to a...
Post a Comment
Read more

The Republican primary race for president in 2024

The Republican primary race for president in 2024 is already shaping up to be a competitive one. There are a number of high-profile candidates who have already announced their intention to run, and more are expected to join the field in the coming months. The frontrunner for the nomination is former President Donald Trump. Trump has been teasing a 2024 run for months, and he has a large and loyal following among Republican voters. However, he is also a polarizing figure, and his candidacy could alienate some moderate Republicans. Another potential contender for the nomination is Florida Governor Ron DeSantis. DeSantis has been praised by many conservatives for his handling of the COVID-19 pandemic and his opposition to vaccine mandates. He is also seen as a rising star in the Republican Party. Other potential candidates include former Vice President Mike Pence, former Ambassador Nikki Haley, and Senator Tim Scott. Pence is a more traditional Republican who could appeal to moderate vote...
1 comment
Read more

In pictures: Grief in Gaza and the loss of a child

In the photo, the woman cradles a child in her arms, balanced on her knee. It is an image that resonates, as ancient as human history. But in a grim inversion of the familiar, we see that the child she holds close is a corpse, wrapped in a shroud. It is a quiet moment of intense grief. The woman wears a headscarf and her head is bowed. We cannot see who she is nor can we learn anything about the child — not even if it is a boy or girl. Palestinian woman Inas Abu Maamar, 36, embraces the body of her 5-year-old niece Saly, who was killed in an Israeli strike, at Nasser hospital in Khan Younis in the southern Gaza Strip, October 17, 2023. The child is one of many who have lost their lives on both sides in the Israel-Hamas war. Most have names we will never know, whose deaths will spark a lifetime of grief for family members we will never meet. In the 21st century, an average of almost 20 children a day have been killed or maimed in wars around the world, according to Unicef. Reuter...
Post a Comment
Read more