Pakistan, Jan. 14 -- As Pakistan convenes its 11th National Finance Commission (NFC), experts warn that misleading narratives about revenue sharing are skewing public debate and distracting from structural fiscal challenges. Critics often argue that the federal government is cash-strapped because 57.5% of federal revenues are allocated to provinces.

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Analysis shows the federal government retains nearly 60% of total revenues, with a growing share collected outside the NFC's divisible pool through levies such as the petroleum surcharge. Experts caution that treating these non-shareable revenues as politically expedient weakens federal-provincial fiscal mechanisms, undermines transpare...