FABS is the most organized SAP public sector implementation of an incorporated MIS (Management information system) in the world that offers the digital financing facilities for the nation. FABS basically facilitate the budgets and financial reports of federal, provincial and district level for the sake of Government of Pakistan. They organize Monthly Govt Employees salaries, GP Fund payments and the pensions of nearly public sector employees. They also organize the thousands of daily detail payments and receipts of Government related transactions that are processed very speedy and offered in digital format on the FABS website (www.fabs.gov.pk). The MIS/FABS office of the DG is working under the General of Accounts (CGA) Controller of Pakistan, that is organizing the for smooth functioning of the SAP-based Financial Accounting & Budgeting System(FABS) all over the Paksitan. The whole system is Integrated Financial Management Information System(IFMIS) if fully operated at government offices at federal, provincial and all provincial district at their own end with centralized management body of FABS.
FABS best online system is started by Government of Pakistan with the help of World Bank-funded Project to Improve Financial Reporting & Auditing (PIFRA). PIFRA was implemented at federal, provincial and district levels of the government in 3 major phases between 1996 to the year 2014.
The real reason of FABS involves the New Accounting Model (NAM), and a SAP-ERP-based Information Technology stage the enhace the security and technology for providing the best services to the Nation. Latest online Accounting Model (NAM) was presented in year 2000, through endorsement by the Auditor General of Pakistan, to enhance the conventional government bookkeeping framework by getting a move towards altered money premise of bookkeeping, twofold passage accounting, duty bookkeeping, settled resource bookkeeping and another multi-dimensional Chart of Accounts.
The basic function of FABS was to help create opportune, pertinent, precise, solid and extensive money related reports for the chiefs to empower viable responsibility and better monetary administration. Targets of FABS incorporate powerful budgetary administration, money related control, money estimating, drift investigations, financial organization and obligation administration. The new SAP-ERP based framework is being keep running at more than 500 destinations the nation over at government, common and area level.
They incorporate self-bookkeeping elements like Pakistan Public Works Department, Pakistan Mint, Geological Survey of Pakistan and Directorate of Postal Accounts. The District Accounts Offices (DAO’S) and other region level workplaces, and common line offices are connected through Wide Area Network(WAN) to servers at Accountant General office and the Finance Department of the particular region.
Every single commonplace server are connected through WAN to the government server lying at the workplace of the Accountant General Pakistan Revenues (AGPR) in Islamabad, in this manner making a crease less and incorporated framework fit for giving constant data on monetary exchanges occurring on the framework the nation over at national and sub-national level.
More over to other things, the FABS is being utilized to process (a) regularly scheduled pay of more than 2.5 million government workers at elected, commonplace and area levels (b) month to month benefits of more than 0.5 million government representatives (c) General Provident Fund installments of government representatives (d) a large number of installment cases of government divisions the nation over every day (e) month to month and yearly records of elected, commonplace and locale governments (f) spending plans of elected and commonplace governments. New administrations are being started which expect to use the framework for giving valuable data to chiefs in the legislature through dashboard reports. Level extension of the framework is additionally being attempted through interfaces with applicable government elements to catch exhaustive data identified with receipts, uses, residential obligation and outer obligation exchanges of the legislature. You can get more information about FABs Pakistani on official website www.fabs.gov.pk of FABS online.
Major Services Provided by FABS Pakistan
FABS Bill Tracking System
FABS Bills Summary Report
FABS Budget Execution Report
FABS GoP Dashboards
FABS Vendor Information
FABS DDO Reconciliation Statement
FABS Heat Maps