Who Actually Controls Pakistan's Money? | World Bank Analysis | Junaid Iqbal & Tobias Haque

Fiscal federalism can sound like a technical subject. But at its core, it is about some of Pakistan’s most important public finance questions: Who collects the money? Who gets the money? Who is responsible for delivering services? In this special episode of Pakistan & Counting, we speak with Tobias Haque, Lead Country Economist at the World Bank for Pakistan, about the World Bank’s latest report on fiscal federalism in Pakistan. The conversation covers the NFC, the 18th Amendment, the 7th NFC Award, federal-provincial fiscal imbalances, weak revenue collection, tax fragmentation, local government gaps, and why reforming the system matters for Pakistan’s economic stability and service delivery. Because the real challenge is not just dividing public money. It is making sure that money leads to better outcomes for citizens. Read the report here: https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099060626042014186 Please note: this podcast was recorded prior to the Budget 2026-27 announcement. #Pakistan #WorldBank #FiscalFederalism #NFC #PublicFinance #PakistanEconomy #ServiceDelivery #PakistanAndCounting #fypシ Follow Pakistan & Counting on: X: https://x.com/PakAndCounting FB: https://www.facebook.com/PakistanAndCounting IG: https://www.instagram.com/pakistanandcounting/ Tiktok: https://www.tiktok.com/@pakistanandcounting?_t=8rbVjlJIYOw&_r=1 LI: https://www.linkedin.com/company/pakistan-and-counting/