The National Finance Commission (NFC) Award in Pakistan is mandated under Article 160 of the Constitution to distribute financial revenues between:
APublic and Private Corporations
BThe Center (Federal Government) and the Provinces
CDefense and Civil Expenditure
DEducation and Health sectors
Explanation
The NFC Award allocates tax revenues collected by the federal government between the federal center and provincial governments.
Exam Relevance
- Topic: Pakistan Economy
- Subtopic: Federal Finance

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