NFC meeting in Quetta today

QUETTA - The two-day meeting of National Finance Commission (NFC) is beginning in the provincial capital on Monday, which will be presided over by Federal Minister for Finance Shaukat Tarin. Chief Minister Sindh Syed Qaim Ali Shah, Finance Minister Punjab Tanveer Ashraf Kaira, Finance Minister NWFP Muhammad Hamayun Khan and other officials concerned of the federal and provincial governments have already reached Quetta for attending the all-important meeting. During the discussions, recommendations for the vertical and horizontal distribution of resources will be tabled, after which the commission is expected to ascertain the total resource availability along with the federal and provincial shares of the divisible pool. On his arrival at Quetta Airport, Shaukat Tarin said the next NFC Award would be settled through consensus, adding that the volume of receipts would be finalised before settling the distribution formula. Chief Minister Sindh Syed Qaim Ali Shah said distribution of resources amongst the provinces should not be based upon the sole criteria of population rather it should be on multiple basis, adding that Sindh, Balochistan and NWFP had always demanded for changing the distribution criterion of resources. He said area, backwardness and revenue collection should also be included as measures for resources allocation. Balochistans Finance Minister Mir Asim Kurd Gailoo said Balochistan wanted inclusion of area, backwardness and scattered population for the NFC Award. He warned if the NFC formula was not changed, development in Balochistan would not be possible. Responding to a question, he said Balochistan would not backtrack from the demanding the total amount of Rs 300 billion under the head of revenues from gas. Official sources say the high-powered committee formed for revision of matters relating to gas would submit the report in the meeting.

ePaper - Nawaiwaqt