NFC Meeting on December 4 to Deliberate IMF Terms and Latest Award – SUCH TV

A meeting of the National Finance Commission (NFC) has been scheduled for December 4 to discuss the implementation of IMF conditions and the new financial award.

According to sources, the meeting will focus on IMF proposals regarding changes to the NFC Award. To consult on the matter, the federal government has invited all provinces to attend the session.

Federal Finance Minister Muhammad Aurangzeb, along with the finance ministers of the four provinces, is expected to participate in the meeting.

The IMF is anticipated to support the proposals for the new National Finance Award. Sources indicated that if multiple sessions are required to finalize the award, the process could take six to eight months.

The first scheduled NFC meeting had earlier been postponed at the request of the provinces due to flood-related disruptions.

Separately, the International Monetary Fund (IMF) highlighted that corruption remains a persistent challenge in Pakistan, urging the Special Investment Facilitation Council (SIFC) to publish its first annual report.

In its Governance and Corruption Diagnostic Assessment (GCDA), the IMF stated that corruption poses serious risks to economic development and public trust.

The Fund called on the government to enhance transparency, strengthen governance structures, and immediately begin implementing a comprehensive reform agenda.

According to the report, the IMF has called on the SIFC to develop clear protocols for its operations and significantly improve transparency to ensure effective oversight and accountability.

It further recommended that the SIFC must publish its first annual report, detailing all investment deals it has facilitated, including any tax, policy, regulatory, or legislative concessions granted—along with the full rationale and the monetary value of each concession.