ISLAMABAD: The president of Pakistan Asif Ali Zardari has launched the 11th National Finance Commission (NFC) for all the provinces of Pakistan.
The ministry of finance has also flowed the notification in this regard.
There will be as many as nine members in the commission from all the provinces.
All the finance ministers of four provinces will be the members of NFC.
There will be one finance expert from each province.
Nasir khosa will be the the finance expert from Punjab. From Sindh, Assad Syed will be the expert member.
The expert member from KP will be Musharaf Rasul and from Balochistan, Farmanullah will be the expert of finance in the National Finance Commission.
The Terms of Reference (TORs) of the NFC have also been announced.
The NFC will recommend net taxes for all the provinces.
ALSO READ: Senate committees of finance and commerce visit Balochistan
Moreover, the National Finance Commission will also recommend in-grant aid for all the four provinces.
