excise duty on sugar and tobacco were included in the devisable pool.
Musharraf government constitute NFC under Shoukat Aziz; finance minister but could not obtain the consensus, provinces asked for a diversified distribution criterion and more share of provinces in the devisable pool.
Table 4: Factors Formula Used for Horizontal Devisable Pool Distribution.
Grants and devisable transfers were based on the formula of GDP performance and tax generation.
If a remainder is given "to B or her estate" or "to B whether or not B survives the life tenant," B's remainder will be devisable
and inheritable as under current law.
(54) Furthermore, the ownership of the copyright in a work "may be transferred in whole or in part by any means of conveyance or by operation of law" and is inheritable and devisable
The Minister said increase in GST on petroleum products and changes in other taxes is imperative to meet various needs including release of funds to the provinces from devisable
Total income during the fiscal year have been estimated over 200 billion rupees which will be accommodated from devisable
Addressing a post budget press conference, he said now federal budget is less important after transferring of resources of provinces and now the provincial share from the federal devisable
pool has been increased from 50 percent to 57 percent.
That rule states that every centesimal year devisable
by 400 (1600, 2000, 2400, etc.) is a leap year.