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Final Pres

Final Pres

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Published by salman7797

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Categories:Types, Research
Published by: salman7797 on Feb 21, 2010
Copyright:Attribution Non-commercial

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02/20/2010

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NFCFCAWARDWARD
:
BY
S
 
lmanZafar
A
 
dulWahab
 
unaidSaleem
 
smanShakil
.
AhsanMirza
 
Ø
 
hatisanNFCaward?
,
The NFC award
 
National Finance Commission awar
,
is the
 
distribution of financial resources among the provinces of
.
Pakistan by the federal government on annual basis
,
Certain types of taxes collected in each province are pooled
.
and then redistributed according to the NFC formula
o
:
Taxes included in the pool are
(1) Income taxes,(2) General sales tax,(3) Wealth taxes,(4) Capital gains taxes,(5) Custom duties
.
 
Ø
 
hatisthebasisofdistributionof
 
undsamongprovincesinPakistan?
Four factors for the distribution of funds among provinces, which includes:PopulationBackwardnessRevenueInverse density population.
v
- -
The single point population based criterion replaced with
-
four point multiple criteria in the 7
th
.
award
v

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