NFC shares may be frozen under budget pressure; critics say Centre ignores revenues kept outside divisible pool.
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• Budget delay exposes Centre-province fiscal deadlock
• NFC shares may be frozen under budget pressure
• Critics say Centre ignores revenues kept outside divisible pool
• Experts blame fiscal crisis on low tax collection, debt, federal spending
Centre, provinces struggle to reach consensus over fiscal space; KP says demand could push provinces into deficit.
The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Naveed Qamar criticises continued reliance on indirect taxes, petroleum levy; NDP consultants warn Pakistan remains on a "fragile…
Shift even a tenth of the Rs54tr domestic stock out of banks and into retail hands at a yield just 150 basis points cheaper, and…
Extra FBR revenue to stay with Centre; "strategic needs" may require Rs1.3-1.7tr.
Pakistan has absorbed much of the fiscal cost of devolution without fully realising its potential efficiency gains.
