The International Monetary Fund (IMF) has called upon Pakistan to revisit the National Finance Commission (NFC) award with the provinces.
This demand came during the second day of talks between Pakistani officials and the IMF under the second review of the $3 billion standby arrangement (SBA).
Article 160 of the Constitution authorizes the president to approve the distribution of revenues between the federation and the provinces through order of the NFC Award.
The newly formed government informed the IMF delegation that the provincial shares could not be reduced without a constitutional amendment and made all the provinces agree to a new formula.
The 2010 NFC award had been agreed for five years but since then there has not been any consensus to revisit it.
