Government To Announce A Unanimous, Equitable NFC Soon: Dar

ISLAMABAD, (UrduPoint / Pakistan Point News - 28th Nov, 2016 ) : Minister for Finance, Senator Mohammad Ishaq Dar said on Monday reiterated thqt the government's resolve to announce a unanimous and equitable 9th National Finance Commission (NFC) award soon.

Dar stated this while talking to media after holding a meeting as a Chairman regarding the 9th NFC award here at Ministry of Finance. Members of the NFC Dr.Ayeha Ghous, Saleem H Mandiviwala, Prof.Muhammad Ibrahim and Qaiser Bengali were also present on the occasion.

The Finance Minister disclosed that there was also a proposal under consideration of the Federal government to establish National Security Fund (NSF) in which 3 per cent revenues would be pooled in the fund for war against terrorism.

Ishaq Dar said that for the 9th NFC award four groups were formed who have submitted their reports and presented useful inputs and suggestions to be discussed in the third week of next month (December).

He added that during the meeting in the light of groups report a roadmap for future macroeconomic stability at federal and provincial level would also be discussed with focus on the provinces. He said that Federal government had also taken steps for increasing revenues for the benefit of the country.

The Finance Minister appreciated the provinces for their effort in the mobilization of resources in their respective provinces. Speaking on the occasion, Dr.Ayesha Ghous who is also Finance Minister for Punjab said that the direction has been set for the 9th NFC award.

Saleem H Mindviwala, Prof Ibrahim and Qaiser Bengali expressed the hope that 9th NFC award would be announced soon and expressed their satisfactions over the progress regarding announcement of the award.