Which body is responsible for the National Finance Commission Award in Pakistan?
A
Supreme Court
B
Council of Common Interests
C
National Finance Commission
D
Senate
Correct Answer: Option C — National Finance Commission
Explanation:
The National Finance Commission determines the formula for distributing financial resources between the federal government and the provinces...
The National Finance Commission determines the formula for distributing financial resources between the federal government and the provinces under the NFC Award, a key fiscal federalism mechanism.