
FIRST JUSTIFIED NFC AWARD ANNOUNCEMENT IN PAKISTAN'S HISTORY
The first justified NFC Award announcement in the history of Pakistan was made on Friday, December 11, 2009 at Chief Minster's house Lahore. All the four Chief Ministers of Pakistan and the Federal Finance Minister Shoukat Tareen held a press conference after signing the NFC Award in their final sixth three days meeting in Lahore. The NFC Award Commission was constituted by the President Asif Ali Zardari and the Prime Minister Syed Yousuf Raza Gilani. This commission on Friday finally was reached to derive two formulas unanimously; one based on the population and second was based on the provincial resources. The Federal Government and the province of Punjab sacrificed in this NFC award and bore financial loss for the other small provinces especially for Balochistan. The NFC Commission announced to distribute 56 percent of the total divisible pool's taxes income to all the four provinces on the basis of two formulas based on population and resources separately. In the previous NFC award announced in the regime of President Pervez Musharraf, the federal government was distributing 45 percent among the provinces. The present NFC Commission raised 11 percent this amount from 45 percent to 56 percent which is highly appreciated by the people of Pakistan. According to the formula based on population and other resources the distribution of shares in percentage among the provinces is derived as the share of population would be 82 percent, poverty 10.3, revenue generation 5 and the density of population is 2.7 percent. Another formula was derived for the distribution of these resources among the provinces. This formula describes the distribution in percentage as the largest and biggest province of Punjab would be entitled to deliver 51.79 percent, Sindh 24.55, NWFP (Pakhtoonkhwah) 14.62 and Balochistan is entitled to get 9.09 percent of the monetary funds from the federal or central government. All the politicians, intellectuals and other people from general public have appreciated this announcement of seventh NFC Award. The present government of Pakistan Peoples Party is entitled to get the credit on the successful unanimous announcement of this NFC Award. The political, social and journalistic forces should give the chance to government to complete the five years of tenure with their open and broad minds to the Pakistan Peoples Party government so that we should not be able to think that only a military dictator can complete five years tenure.
Written by
Masood Ahmed Bazmi
M.A Economics, Religious Scholar of Quran, Hadith and Tafseer
House No.2107/59, Budhal Shah Colony, Nawabshah Sindh Pakistan
Cell Phone: 0092 300 3220795
On December 13, 2009, Sunday
The first justified NFC Award announcement in the history of Pakistan was made on Friday, December 11, 2009 at Chief Minster's house Lahore. All the four Chief Ministers of Pakistan and the Federal Finance Minister Shoukat Tareen held a press conference after signing the NFC Award in their final sixth three days meeting in Lahore. The NFC Award Commission was constituted by the President Asif Ali Zardari and the Prime Minister Syed Yousuf Raza Gilani. This commission on Friday finally was reached to derive two formulas unanimously; one based on the population and second was based on the provincial resources. The Federal Government and the province of Punjab sacrificed in this NFC award and bore financial loss for the other small provinces especially for Balochistan. The NFC Commission announced to distribute 56 percent of the total divisible pool's taxes income to all the four provinces on the basis of two formulas based on population and resources separately. In the previous NFC award announced in the regime of President Pervez Musharraf, the federal government was distributing 45 percent among the provinces. The present NFC Commission raised 11 percent this amount from 45 percent to 56 percent which is highly appreciated by the people of Pakistan. According to the formula based on population and other resources the distribution of shares in percentage among the provinces is derived as the share of population would be 82 percent, poverty 10.3, revenue generation 5 and the density of population is 2.7 percent. Another formula was derived for the distribution of these resources among the provinces. This formula describes the distribution in percentage as the largest and biggest province of Punjab would be entitled to deliver 51.79 percent, Sindh 24.55, NWFP (Pakhtoonkhwah) 14.62 and Balochistan is entitled to get 9.09 percent of the monetary funds from the federal or central government. All the politicians, intellectuals and other people from general public have appreciated this announcement of seventh NFC Award. The present government of Pakistan Peoples Party is entitled to get the credit on the successful unanimous announcement of this NFC Award. The political, social and journalistic forces should give the chance to government to complete the five years of tenure with their open and broad minds to the Pakistan Peoples Party government so that we should not be able to think that only a military dictator can complete five years tenure.
Written by
Masood Ahmed Bazmi
M.A Economics, Religious Scholar of Quran, Hadith and Tafseer
House No.2107/59, Budhal Shah Colony, Nawabshah Sindh Pakistan
Cell Phone: 0092 300 3220795
On December 13, 2009, Sunday




