Agenda for the 8th NFC: Lessons from the 7th NFC Award, Post- 7th NFC Development and Emerging Issues

This policy paper reviews the fiscal implications of the 7^th NFC Award and outlines pressing issues for the 8^th Award. The 7^th NFC Award (2010) expanded provincial shares and resolved key fiscal issues, but its tenure ended in June 2015, requiring deliberations on the 8^th NFC Award. Emerging challenges, including the 18^th Constitutional Amendment’s devolved functions and the federal government’s commitments under the IMF programme, make the next Award critical for balancing fiscal sustainability with provincial autonomy.