What is the purpose of National Finance Commission?

The National Finance Commission (NFC) in Pakistan is an independent constitutional body that is responsible for determining the distribution of financial resources between the federal government and the provincial governments. The main purpose of the NFC is to ensure a fair and equitable distribution of financial resources among the federating units, taking into account their respective needs and responsibilities. This helps to promote fiscal harmony and balance in the country, and ensures that all regions receive their fair share of resources for development and welfare. Overall, the NFC plays a crucial role in promoting economic stability and unity within Pakistan.

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