7th NFC Award was signed in:

The 7th National Finance Commission (NFC) Award was signed in 2010. The 7th National Finance Commission (NFC) Award was signed on December 30, 2009. It became effective on July 1, 2010. Explanation The 7th NFC Award was signed by President Asif Ali Zardari. The award was a landmark because it resolved a deadlock that had prevented the National Finance Commissions from announcing awards. The award introduced a multiple indicator criteria (MIC) for distributing revenue, instead of using population as the sole criteria. The award distributed revenue based on performance, with Punjab receiving the largest share, followed by Sindh, Khyber Pakhtunkhwa, and Balochistan. The Federal and Provincial Finance Ministers monitor the implementation of the award every two years. They report their findings to both the Parliament and the Provincial Assemblies.