The Ministry of Finance has issued a notification for the formation of the 11th National Finance Commission (NFC) Award, appointing Finance Minister Muhammad Aurangzeb as chairman of the commission.

The notification was approved by President of Pakistan, Asif Ali Zardari.

According to the notification, the 11th NFC Award will follow the 7th Award, with fresh representation from the provinces.

All four provincial finance ministers have been included as members of the commission along with technocrats from each province.

From Punjab, former bureaucrat Nasir Mahmood Khosa has been nominated, while Asad Saeed will represent Sindh.

The technocrat members also include Farmanullah from Balochistan and Musharraf Rasool from Khyber Pakhtunkhwa.

The finance ministry confirmed that the commission constituted in July 2020 has now been dissolved.

According to the notification, the finance ministry will provide secretariat support to the commission.

The NFC will present its recommendations and proposals regarding the distribution of financial resources between the federation and the provinces.