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First meeting of 9th National Finance Commission to be held on 28th April 2015

Islamabad, April 24, 2015 (PPI-OT): The Finance Division here on Friday issued notification regarding constitution of the 9th National Finance Commission (NFC).

The First meeting of the 9th National Finance Commission (NFC) would be held on 28th of April 2015 at 3.00 P.M at Islamabad. Federal Minister for Finance, Senator Mohammad Ishaq Dar would chair the meeting.

The 9th NFC comprises of the following, namely:-

Minister for Finance – Chairman

Government of Pakistan

Minister for Finance – Member

Government of Punjab

Minister for Finance – Member

Government of Sindh

Minister for Finance – Member

Government of Khyber Pakhtunkhwa

Minister for Finance – Member

Government of Balochistan

Dr. Aisha Ghaus Pasha – Member

Government of Punjab

Mr. Saleem Mandviwala – Member

Government of Sindh

Mr. Muhammad Ibrahim Khan – Member

Government of Khyber Pakhtunkhwa

Mr. Kaiser Bengali – Member

Government of Balochistan

Federal Finance Secretary- Official Expert

The Terms of Reference for the 9th NFC are as under:

Distribution between the Federation and the Provinces of the net proceeds of the following taxes:

Taxes on income, including corporation tax, but not including taxes on income consisting of remuneration paid out of the Federal Consolidated Fund.

Taxes on the sales and purchases of goods imported, exported, produced, manufactured or consumed.

Export duties on cotton, and such other export duties as may be specified by the President.

Such duties of excise as may be specified by the President, and

Such other taxes as may be specified by the President.

Making of grants-in-aid by the Federal Government to the Provincial Governments.

Exercise by the Federal Government and the Provincial Governments of the borrowing powers conferred by the Constitution, and

Assessment and Allocation of resources to meet expenditures related to Azad Government of the States of Jammu and Kashmir, Gilgit-Baltistan, FATA, Natural disasters and terrorism etc.

Any other matter relating to finance referred to the Commission by the President.

The Finance Division shall, as per the Rules of Business, 1973, provide the Secretariat support to the Commission.

The National Finance Commission notified vide Gazette of Pakistan Extraordinary SRO 676 (I)/2010, dated 21st July, 2010 and SRO 773(I)/2011, dated 18th August, 2011, shall stand dissolved with immediate effect.

For more information, contact:
Director General (Media)
Nadeem Haider Kiani
Ministry of Finance
Government of Pakistan
Room # 514, Block-‘Q’, Finance Division,
Pak. Sectt. Islamabad
Tel: +92-51-9211707, +92-51-9208281, +92-51-9206382
Fax: +92-51-9210877
Email: so_coord1@finance.gov.pk

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