The National Finance Commission (NFC) is one of the most critical pillars of a federal financial system. It ensures fair distribution of financial resources between the federal government and provincial governments, allowing for economic balance and long-term growth. Without the National Finance Commission, financial disparities among regions would continue to grow, resulting in uneven development and weakening the national economy. This article will provide an in-depth understanding of what the National Finance Commission is, how it works, why it is important, and what lessons individuals can learn from its financial principles. What is the National Finance Commission? The National Finance Commission is a constitutional body that decides how revenues collected by the federal government are shared with the provinces. Its main purpose is to maintain balance in financial allocation, reduce regional disparities, and strengthen federalism. For example, in Pakistan, the National Finance C...