President Asif Ali Zardari on Friday constituted the 11th National Finance Commission (NFC) to announce a new award for the sharing of federal divisible resources between the Centre and the provinces.

According to a notification from the Finance Division, the president constituted the commission with Finance Minister Muhammad Aurangzeb as the chairman and the four provincial finance ministers as its members.

The commission also includes former bureaucrat Nasir Mahmood Khosa as a member representing the Punjab government, economist and researcher Asad Sayeed as a member representing the Sindh government, former bureaucrat Dr Musharraf Rasool Cyan as a member representing the Khyber Pakhtunkhwa government and Farmanullah as a member representing the Balochistan........

© Dawn Business