Contents
Introduction 3
Historical prospective 4
Pre-independence revenue sharing formula 4
POST-INDEPENDENCE REVENUE SHARING (RAISMAN AWARD) 4
REVENUE SHARING UNDER ONE UNIT 5
National Finance Committee 5
National Finance Commission 1973 6
1st NFC award 1974 6
2nd NFC award (1979) 6
3rd NFC award 7
4th NFC award 7
The 5th NFC awards 8
Introduction
In the name of Allah who is the most merciful and beneficent, as we know better the Islamic republic of Pakistan is a low income federation country which comprising of four provinces(currently five provinces) that is federally administrating. Most of the government revenue is come through income tax and then it is distributing through NFC revenue sharing formula among the provinces then its redistributed from provincial government to local and from local to local.
The NFC awards in Pakistan established in 1970 which was called national finance committee, but when East Pakistan separated from West Pakistan in 1971 National finance commission established under article 160 in 1973 in the constitution of Pakistan, the NFC award is held after every five years by the president of Pakistan. For the equitable transfers between the federal and provincial governments.
The NFC awards are extending after every 5 years and the chairman of NFC awards is the president of Pakistan, and the member are the provincial finance ministers and some economists which are selected by the president of Pakistan and they are leading by the federal finance minister.
There are seven national finance commission-(NFC) awards have been distributed between the federal and provincial governments out of these seven...
... middle of paper ...
...s also like pervious NFC that had no consequences, and the members failed to give any recommendation because of the some demand of its members.
7th NFC award
The 7th NFC award of 2010 is constituted by the president of Islamic republic of Pakistan and it has brought some improvement and variation in recourse distribution criteria, and this NFC award the demand of Baluchistan, Sindh and KPK have been accepted.
For the first time the distribution criteria has been changed from the population in the history of NFC awards. And this formula includes underdevelopment, poverty and inverse population density which was demanded by Baluchistan, KPK and Sindh. And it was an advancement in NFC awards. The invers population density was demanded by Baluchistan but Punjab demanded that the population to be main criteria because Punjab population is highest.
He confirmed that the show was on hold until further notice. In 2013, he said former Arts of Multiculturalism Minister Winston “Gypsy” Peters had promised $5 million to cover the cost of prizes but he only received a cheque for $1.8 million. With arrears of $3.2 million, he said several service providers are yet to be paid while last year’s winner Raymond Ramnarine is still owed $200,000 out of his $1 million winning.
Pakistan is created in order to give the Muslims a place which they can call their own.
At this meeting were Captains, Secretaries and other representatives of a multiple London clubs playing their own version of football. The teams being represented at this meeting were Barnes, War Office, Crusaders, Forest (Leytonstone), No Names (Kilburn), Crystal Palace, Blackheath, Kensington School, Perceval House (Blackheath), Surbiton, Blackheath Proprietory School and Charterhouse.
“Parliament and the government of Canada are committed to the principle of making equalization payments to ensure that provincial governments have sufficient revenues to provide reasonably comparable levels of public services at reasonably comparable levels of taxation.”
Underlying mean of the health problems in our country, are poverty and poor education. Differences in socioeconomic status are seen for most conditions, diseases and sick factors in this country. The social distribution of health and social causes, which most effect health, must be understood and addressed. Total public and private health expenditure in Pakistan represents 2-3 %of the gross domestic product. (GDP). In 1990, less then 1% of GDP was allocated to public health care with private expenditure accounting for the rest. This is well below international standards because of the low levels of expending; it becomes critical to evaluate the impact of government policies of people’s health. In addition to direct provision of various governments influence health delivery in indirect ways through their policies towards medical education and regulations.
To conclude, in the present Canadians are seeing change in PSE funding policies begin to come from the provinces. Due to the fact that “when Ottawa went against the grain and launched the Millennium Scholarship programs, provincial feathers, especially Quebec’s, were immediately ruffled,” provinces such as Quebec and British Columbia, among others, were motivated to “set up their own research funding agencies with the view to [maximize] the likelihood of obtaining funds from Ottawa,” (Bakvis 216). As for the legitimacy of cooperative federalism in Canada today, it seems as though executive federalism itself is turning largely paternalistic – at least in the sense of PSE. More often than not, in PSE funding, the federal government has taken the initiative while “one set of executives – those from provincial governments – was largely absent,” (Bakvis 218).
Pakistan Standard Institution has certified according to 1961 ordinance. The institution hereby grants to Wahid Fan. Fans. (Hereinafter called "the License") this License is used as standard mark.
Syed Mansoor Hussain is a columnist in “Daily Times”, a Pakistani newspaper. He has practiced and taught medicine in the US. This article, “Proud to be a Punjabi” was published in the Daily Times on the fifth of February, 2014. In the article, the author has described the role and significance of Punjab in the history of Pakistan. In addition to this, he has tried to prove that Punjab is not responsible for everything bad happening in the other provinces. The author has described the role of Punjab before and after independence in the Pakistani politics. The author also says that whatever happens in other provinces, Punjab and Punjabis are held responsible for it. In the end, the author has highlighted a few cultural aspects of Punjab.
The whole Pakistan is divided into four province; Sindh, Punjab, Baluchistan and NWFP. The national language of Pakistan is Urdu but different languages are spoken in different provinces. Pakistan is the 6th most populous country having a total population of 179.2 million (The World Bank, 2012). Rural areas in Pakistan are densely populated compromising 63.8% of the total population (Trading Economics, 2010).
South Asia Partnership Pakistan (SAP-PK) initiated existence in 1987, only one year since the lifting of military rule from Pakistan. The military ideology had kept the development and advancement of Civil Society organizations. The smothering political and social environment intensely required that civil society organizations be established and fortified. Keeping this sensitive need in view, a group of intellectuals and social activists established the framework of SAP-PK. The target of the organization was to empower the poorest of Pakistan raise their voice for their rights. With energetic interest of International organizations, SAP-Pakistan devoted its efforts working on different projects, striving to carry through its organizational mission and purpose.
To shift Pakistan’s energy system into decentralized state we have to face the challenges and proper management for distribution of energy to the system. The main barriers for decentralized state are:
08. Based on the above analysis and reading provide at least ten suggestions for the improvement of monetary sector of Pakistan.
Pakistan has all the major ingredients necessary to become a developed nation; it has a geo-strategic location, a generous availability of natural resources and a large population in the working age. Despite having the potential to turn itself into a developed country, Pakistan has not been able to fulfill its potential.
In 1904, the Foundation Act for FIFA was signed in Paris by a team of representatives. These representatives came from Switzerland, Netherlands, Belgium, Spain, Denmark, Sweden, and France. Just two days after this signing, the first FIFA president was elected – Robert Guerin. Victor E. Schneider, and Carl Anton Wilhelm Hirschmann were made Vice Presidents, and Louis Muhkinghaus and Ludvig Sylow were made Secretary and Treasurer.
Pakistan is basically an agrarian country. The contribution of agricultural sector to national GDP is 21.4 percent and it provides employment to the 45 percent of the labour force of the country (year book 2013-2014,