NFC Award, Revenue-sharing to be included

LAHORE, Pakistan news The four provinces have agreed to include revenue-sharing in the National Financial Committee Award, said sources at the meeting of the chief ministers at Lahore Thursday.

It was the second and the last day of the meeting. The provinces initially had problems related to the hydel power project and revenue generation. In order to address these problems, the four chief ministers reached Lahore. They talked to the Federal Minister of Finance, Shaukat Tareen for two and a half hours, during which they agreed to incorporate the multiple formula of revenue generation in the award.

The Finance Minister of Punjab, Tanvir Ashraf Kaira said that according to the formula, Punjab will now get more resources than before.