National Finance Commision Awards - NFC

History of distribution of revenue between center and the Provinces in the subcontinent date back to date of India Act 1935. Pakistan came to existence on 14th august 1947.After the creation first award was announced in 1952 popularly known as Raiment award.


The Provincial Finance Commission is an apex body working under the jurisdiction of provincial government headed by its Provincial Minister of Finance. It has a special mandate to ascertain the share of available resources between provincial and local government.