LAHORE The talks on the longstanding 7th National Finance Commission (NFC) Award remained inconclusive during the second day of the meeting as all the four provinces failed to reach a consensus on the horizontal distribution of resources here on Thursday. Well-placed sources revealed that the deadlock on the horizontal distribution still persisted in the talks, as the provinces had yet to reach a consensus. However, the vertical distribution of resources has been finalised and all the stakeholders had agreed on this point. According to the sources, the Federal government has agreed to provide 56 per cent to 58 per cent to the provinces against their demand of 60 per cent share in the vertical distribution of resources for the 7th NFC Award. On the other hand, the provinces have failed to reach a consensus on the horizontal distribution of resources during the second day of 6th meeting of the National Finance Commission. The authorities called Press conferences twice in a day but later postponed, as there was no consensus on the horizontal distribution of resources among the province. Finance Minister Shaukat Tarin was scheduled to address a Press conference but it was later postponed. Meanwhile, Chief Ministers of the four provinces had to hold a joint Press conference ,however, they put it off, as the provinces were yet to reach a consensus on the horizontal distribution. On Thursday night, PML-N leader Ishaq Dar flanked by Punjab Finance Minister appeared before the media and said that all the stakeholders have agreed on the vertical distribution of resources. 'The vertical distribution of resources has been finalised as this a big achievement, Ishaq Dar said told reporters while addressing a news conference here at Chief Ministers Secretariat. 'There is a major progress on the horizontal distribution of resources of the 7th NFC Award as well. It is based on professional approach and ground realities rather than political solution alone, Senator Ishaq Dar maintained. Responding to a question, Ishaq Dar said that inverse population density, backwardness, poverty and revenue collection and generation are under consideration to finalise the 7th NFC Award. He further said that they were trying to provide an out-of-box solution for Balochistan province and hopefully, the final decision would be good news for all. Punjab Finance Minister Tanvir Ashraf Kaira said the 6th NFC meeting would continue on Friday (today). According to the sources, two provinces have yet to reach a consensus on two points of multiple-criteria formula for horizontal distribution-poverty and revenue generation/collection. The sources said that the Punjab and Sindh provinces were yet to reach a consensus on these two points. 'Both the provinces would iron out their differences on poverty and revenue generation/collection, which are part of the multiple-criteria formula that also include population and inverse population density, the sources added. 'Hopefully, they will come up with a consensus decision. An incremental approach has been adopted to finalise the award, the sources maintained. The sources also said that a consensus had been developed on other two criteria including population and inverse population density.