The Next NFC Debate
Pakistan has spent years debating how national tax revenues should be divided between the federation and the provinces. But perhaps we have been asking the wrong question. The real issue is not who gets a larger share under the National Finance Commi
August 11, 2026 (MLN): Pakistan has spent years debating how national tax revenues should be divided between the federation and the provinces. But perhaps we have been asking the wrong question. The real issue is not who gets a larger share under the National Finance Commission (NFC) Award. The real issue is whether Pakistan's system of fiscal federalism is helping the country achieve stronger economic growth, healt...