<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The President of the Islamic Republic of Pakistan has
formally constituted the 11th National Finance Commission (NFC), in accordance
with Clause (1) of Article 160 of the Constitution, to review and recommend the
distribution of financial resources between the Federation and the provinces.
The new NFC has been constituted with immediate effect, superseding the
previous commission formed under Notification No. S.R.O. 635(1)/2020 dated July
21, 2020, which now stands dissolved.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Asian Development Bank (ADB) announced on Friday that it
has approved a substantial $800 million loan and guarantee programme for
Pakistan, aimed at strengthening the country&rsqu...
