Revisiting the 7th NFC Award: Federal Reservations, Fiscal Stress, and the Future of Pakistan's Fiscal Federalism

Key Points

• The aim is to reassess the impact of federal reservations and fiscal stress on Pakistan's fiscal federalism.
• Analysis of legal frameworks regarding fiscal policy in Pakistan
• Review of historical NFC awards and their implications
• Evaluation of current fiscal challenges faced by the government
• Identification of key issues in fiscal arrangements
• Highlighting the role of federal reservations in funding disparities
• Recommendations for future fiscal policy adjustments