QUETTA: Farmanullah has excused from accepting the responsibility to become a member of National Finance commission.
Kaiser Bangali has been nominated as a new member of National Finance Commission (NFC).
According to finance minister of Balochistan Mir Shoaib Nosherwani the National Finance Commission (NFC) was formed by the president Asif Zardari two days ago.
Farmanullah was appointed as an expert member from Balochistan.
However, he has turned down the given responsibility and now Kaiser Bangali will be performing as an expert from Balochistan for the Commission.
The National Finance Commission will consist of nine members.
Each provincial Finance Minister will be the member of the commission along with one finance expert from his respective province.
The commission aims to recommend taxes distribution as well as grant in aid for each province.
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The National Finance Commission (NFC) is responsible for guaranteeing a just and balanced distribution of financial resources among the federation and provinces, a key factor in maintaining fiscal stability and fostering economic development in Pakistan.
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Its decisions are obligatory for both federal and provincial governments and play a decisive role in shaping the nation’s financial policies.
