PSQCA, CGA Sign MoU to Implement Financial Accounting and Budgeting System

PAKISTAN

The Pakistan Standards & Quality Control Authority (PSQCA) and the Controller General of Accounts (CGA) have signed a Memorandum of Understanding (MoU) for the implementation of the Financial Accounting and Budgeting System (FABS). The move is being described as a major step toward institutional transparency, digital governance, and financial reform.

The signing ceremony was held at the Ministry of Science and Technology (MoST) in Islamabad and was chaired by the Federal Secretary, Mr. Shahid Iqbal Baloch. The MoU was signed by Ms. Sayeda Zia Batool, Director General PSQCA, on behalf of the authority, and Mr. Abdul Basit Jasra, Director General (Management Information Systems), on behalf of the Controller General of Accounts.

According to an official communication, the agreement reflects the Ministry’s strong commitment to modernizing governance systems and strengthening institutional accountability.

The integration of FABS within PSQCA will enable automation of payroll and pension systems, adoption of the National Chart of Accounts, standardized financial reporting, and real-time monitoring of expenditures. Through technical collaboration with CGA’s Directorate General (MIS), SAP experts will support the implementation, while structured capacity-building initiatives will equip PSQCA officials to independently manage and sustain the system.

The Federal Secretary stated that digitization is not merely a technological shift but a governance reform that enhances public trust and institutional credibility. He emphasized that such forward-looking collaborations demonstrate MoST’s resolve to align its organizations with the Government of Pakistan’s broader vision of “Digital Pakistan” and transparent service delivery.

The Director General PSQCA noted that the reform will eliminate manual processes, reduce discretion, enhance audit readiness, and ensure full compliance with national financial standards. The partnership marks a decisive step toward real-time accountability and improved financial integrity within PSQCA.

The Ministry of Science and Technology views this agreement as part of a broader reform agenda and aims to extend similar digital financial integrations across other attached organizations under MoST, ensuring a unified, transparent, and technology-driven administrative framework.

This MoU stands as another milestone for MoST, reinforcing its role not only as a promoter of scientific advancement but also as a model of modern governance and institutional excellence. – ER News Desk

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