SPDC has prepared this report in the context of the recently constituted National Finance Commission on federal revenue sharing transfers to the provincial governments. Provincial governments in Pakistan have the principal responsibility for delivery of social services like education, health, water supply and sanitation, etc. which are largely financed by fiscal transfers from the federal government. The reports contains papers on the evolution of revenue sharing in Pakistan, comparison with international practice, evaluation of some recent changes, implication of some impending changes, the federal perspective and the respective provincial positions on revenue sharing