ISLAMABAD, Feb. 6 -- The first meeting of the reconstituted 9th National Finance Commission (NFC) with was held in Islamabad on Wednesday.

Finance Minister Asad Umer presided over the meeting.

The meeting formed six sub groups to put forward proposals for FATA affairs, ease of doing business, macro economic issues and horizontal and vertical distribution of resources.

The meeting emphasized for complete data sharing amongst the federal and provincial governments.

During the meeting, the Federal Finance Secretary gave detailed presentation to the participants on fiscal position of the country while the provincial representatives gave presentations on the financial position of their provinces.

The meeting reviewed recommendations for b...