First Time in History, Govt Cuts Rs. 35 Billion From Provinces
Pakistan's federal administration has collected almost Rs. 35 billion from the four provinces by deducting the amount from their shares under the National Finance Commission (NFC) award, marking the first such deduction under Article 164 of the Constitution since the…
Pakistan's federal administration has collected almost Rs. 35 billion from the four provinces by deducting the amount from their shares under the National Finance Commission (NFC) award, marking the first such deduction under Article 164 of the Constitution since the country's creation.
Article outline
- What happened
- Background
- The bottom line
Key points
- The deductions follow an agreement reached between the federal administration and all four provinces before the presentation of the 2026-27 federal budget.
- 34.839 billion from the provinces as grants during the first two months of the current fiscal year.
- The latest collection represents part of the financial backing committed by the provinces under the agreement.
- Obtain the latest business news, market insights, and economic updates wherever you prefer.
Federal administration received Rs. 34.839 billion from the provinces as grants during the first two months of the current fiscal year. The amount has been recorded as non-tax revenue in the government's accounts. Just 10% FY27 Development Budget Spent. Provinces Agreed to Provide Rs. 1.035 Trillion.
Meanwhile, the deductions follow an agreement reached between the federal administration and all four provinces before the presentation of the 2026-27 federal budget. Under the arrangement, the provinces agreed to provide Rs. 1.035 trillion from their NFC shares during the fiscal year to support the federal administration meet its financial obligations under the International Monetary Fund's $7 billion loan program.
For context, the latest collection represents part of the financial backing committed by the provinces under the agreement. Stay Connected with ProPakistani.
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In short, first Time in History, Govt Cuts Rs. 35 Billion From Provinces is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
