The federal government has scheduled the 11th National Finance Commission (NFC) meeting for December 4, 2025, to negotiate a new formula for distributing national resources among Pakistan’s provinces. The meeting will be chaired by Finance Minister Muhammad Aurangzeb and will include the finance ministers of all four provinces, along with other NFC members.

The commission will review a three-point agenda, beginning with detailed presentations from both the federation and the provinces outlining their current fiscal positions. These presentations are expected to provide a clear picture of revenue streams, expenditure requirements, and developmental needs, forming the basis for upcoming negotiations on resource allocation.

Officials indicate that the meeting will also finalize the schedule for subsequent sessions that will culminate in the next NFC Award. This award is a vital tool for determining how federal revenues are shared among the provinces, impacting developmental projects, infrastructure funding, and social welfare initiatives nationwide.

The NFC plays a critical role in Pakistan’s fiscal federalism, ensuring equitable distribution of resources and addressing regional disparities. It is expected that discussions will focus on balancing provincial needs with national priorities while incorporating transparency and efficiency in the allocation process.

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Observers note that the meeting comes at a crucial time as provinces face increasing budgetary pressures due to inflation and rising public expenditure. The outcomes of the 11th NFC meeting will be closely watched by policymakers, economists, and provincial administrations, as they will influence governance, development planning, and fiscal stability across the country.

The government aims for a consensus-based approach to ensure that the new resource-sharing formula reflects the country’s changing economic landscape and promotes balanced regional development.