The Chief Ministers of four provinces signed the historic 7th National Finance Commission Award (NFC) on Wednesday.

The ceremony was witnessed by Syed Yusuf Raza Gilani and members of his cabinet.

The Award was inked by the finance ministers of the four provinces in the presence of Punjab Chief Minster Shahbaz Sharif, Sindh Chief Minister Qaim Ali Shah, NWFP Chief Minister Ameer Haider Hoti and Balochistan Chief Minister Aslam Raisani and Finance Minister Shaukat Tarin.

Under the NFC Award provinces will get 56 percent share of the federal revenues and 44 share has been allocated for the centre.