The office of the Director General MIS/FABS, working under the Controller General of Accounts(CGA), is responsible for smooth functioning of the SAP-based Financial Accounting & Budgeting System(FABS), which is an Integrated Financial Management Information System(IFMIS) being run at government offices at federal, provincial and district level. FABS was initiated and established under Government of Pakistan and World Bank-funded Project to Improve Financial Reporting & Auditing(PIFRA). PIFRA was implemented at federal, provincial and district levels of the government in three phases between 1996-2014. After closure of PIFRA on 31.12.2014, its FABS component was mainstreamed into the o/o DG MIS/FABS on 01.01.2015. Essentially, FABS comprises of the New Accounting Model(NAM), and a SAP-ERP-based Information Technology platform. The New Accounting Model(NAM) was introduced in year 2000, through approval by the Auditor General of Pakistan, to improve the traditional government accounting system by bringing-in a shift towards modified cash-basis of accounting, double-entry book-keeping, commitment accounting, fixed asset accounting and a new multi-dimensional Chart of Accounts. A key objective of FABS (i.e. NAM, along with the SAP-based IT platform) was to help produce timely, relevant, accurate, reliable and comprehensive financial reports for the decision makers to enable effective accountability and better financial governance. Objectives of FABS include effective budgetary management, financial control, cash forecasting, trend analyses, fiscal administration and debt management. The SAP-ERP based system is being run at more than 500 sites across the country at federal, provincial and district level. They include self-accounting entities like Pak PWD, Pakistan Mint, Geological Survey of Pakistan and Directorate of Postal Accounts.