ISLAMABAD: Prime Minister Yousuf Raza Gilani has announced that the decision on the 7th NFC award has been made and that the Chief Ministers will sign the document in Lahore later today.
Negotiations held on Friday succeeded in resolving a continuing deadlock still persisted as far as horizontal distribution was concerned.
The agreement for the vertical distribution of resources had been reached at the end of the previous day’s (Thursday’s) meeting between the provinces. Former finance Minister Ishaq Dar had attributed progress in the meeting to political involvement.
For the past two decades distribution of national resources had been carried out under a single point population based formula. The new award, however, will employ multiple criteria, including inverse population density and poverty
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