A key meeting of the National Finance Commission (NFC) has been scheduled for December 4 to review proposed changes to the NFC Award and assess progress on commitments made under the International Monetary Fund (IMF) programme.
According to sources, the federal government has invited all provinces to participate in the discussion on the IMF-backed proposals for a new financial award.
Federal Finance Minister Muhammad Aurangzeb and the finance ministers of all four provinces will attend the session, as confirmed by an official notification. The IMF is expected to be aligned with the proposals under consideration for the upcoming National Finance Award. Sources added that if further deliberations are required, the finalisation process could extend over the next six to eight months.
The first scheduled NFC meeting was earlier postponed at the request of provincial governments due to widespread flooding.
Separately, the IMF on Thursday highlighted that corruption continues to be a major obstacle to Pakistan’s economic growth and public trust. In its latest Governance and Corruption Diagnostic Assessment (GCDA), the Fund called on the Special Investment Facilitation Council (SIFC) to enhance transparency and publish its first annual report without delay.
The report stressed that corruption poses significant risks to economic stability and urged the government to strengthen governance mechanisms and swiftly implement a comprehensive reform agenda.
It further recommended that the SIFC establish clear operational protocols and publicly disclose all investment deals facilitated by the body—along with details of any tax, policy, regulatory, or legislative concessions granted, their justification, and their monetary value.