KARACHI (APP) - Punjab Chief Minister Shahbaz Sharif said Monday that his government has constituted a committee for preparation of the National Finance Commission. Talking to media after a meeting with Sindh Chief Minister Syed Qaim Ali Shah at the CM House here, Shahbaz Sharif pointed out that Pakistan's prosperity, peace, tranquillity and development would be possible only when all the four provinces deal with their problems like a family on the basis of merit and justice. To a query on the Fata situation, the Punjab CM said it was very complex. He pointed out that the only way to uproot extremism and militancy warrants all the four federating units to sit together and chalk out a national strategy with the federal government in order to the steer the country out of this crisis. Shahbaz said in his meeting with Syed Qaim Ali Shah, there was an agreement on various issues including the Senate elections. He pointed out that the country was facing 5000MW power shortage and there was full agreement and no differences on the construction of Bhasha dam. He questioned those who ruled the country for 8 years with "danda" as to why they did not construct Bhasha dam. He said that full support should be given to the NWFP government so that peace could be restored in tribal areas. Our Monitoring Desk adds: Shahbaz Sharif held a meeting with Sindh Governor Dr Ishratul Ebad at Governor House in Karachi on Monday, reported a private TV channel. This was the first direct contact between PML-N and MQM after a period of about 10 years. It may be mentioned here that in the All Parties Conference held in London in 2006 under the chairmanship of Mian Nawaz Sharif, it had been decided through a unanimous resolution that no political party would maintain any contact with the MQM . After this resolution, today's contact between the two political parties was considered to be of very high importance. During the meeting, the Chief Minister Punjab and Governor Sindh said that reconciliation was the need of the hour to meet the present challenges and any confrontation would be catastrophic for the country. Sindh Senior Minister Pir Mazharul Huq, Khawaja Aasif, Ch. Jaffar Iqbal of PML-N and Food Minister Punjab Nadeem Kamran were also present on the occasion. Talking to media after the meeting, Shahbaz described the unity and reconciliation among all political parties as imperative to face the challenges confronting the country and said all political parties will have to move ahead together on major issues. He pointed out that internal security, economy, law and order, agriculture and industry all were facing grave challenges while globally the entire world was suffering from economic recession that could certainly have its impact on Pakistan as well. He said the whole nation will have to develop consensus on water storage and mineral resources had to be explored besides energy generation from coal which would help provide jobs to millions and overcome energy crisis. "We have to protect national interests", he said. When asked whether it was official contact with MQM , Shahbaz confirmed the same and pointed out that he is also the President of PML-N. When reminded that in the London APC a resolution was passed that no contact would be made with MQM , the Punjab Chief Minister said this was not an issue. "The issue is how to create unity, cohesion and reconciliation in the country because only a united Pakistani nation can encounter the current challenges", he argued. When questioned whether any telephonic contact was made with MQM chief Altaf Hussain, the CM said he told the Governor to convey his greetings to him. Regarding possibility of a meeting between Altaf Hussain and Nawaz Sharif, Shahbaz said everything is possible. He said the their number one priority was Pakistan and added that opponent political parties of the past were now in the coalition government. On the occasion Governor Ishratul Ebad said he was thankful to Shahbaz and his delegation for their visit. He pointed out that Shahbaz visited Sindh in connection with wheat requirement and donated wheat to the province besides allowing its movement from Punjab. When asked whether Shahbaz Sharif invited him to visit Punjab, the Governor confirmed that the CM had extended an invitation.