Fbs pakistan

The SAP-ERP based system is being run at more than 500 sites across the country at federal, provincial and district level.

Free forex bonuses

Financial Accounting & Budgeting System, fbs pakistan.

They include self-accounting entities like pak PWD, pakistan mint, geological survey of pakistan and directorate of postal accounts. The district accounts offices(daos) and other district level offices, and provincial line departments are linked through wide area network(WAN) to servers at accountant general office and the finance department of the respective province. All provincial servers are linked through WAN to the federal server lying at the office of the accountant general pakistan revenues(AGPR) in islamabad, thereby creating a seam-less and integrated system capable of providing real-time information on financial transactions taking place on the system across the country at national and sub-national level. Among other things, the FABS is being used to process (a) monthly pay of more than 2.5 million government employees at federal, provincial and district levels (b) monthly pension of more than 0.5 million government employees (c) general provident fund payments of government employees (d) thousands of payment claims of government departments across the country on a daily basis (e) monthly and annual accounts of federal, provincial and district governments (f) budgets of federal and provincial governments. 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.

Financial accounting & budgeting system

Office of the controller general of accounts, government of pakistan

Reforming today for a better tomorrow

FABS represents one of the largest SAP-based public sector implementation of an integrated MIS in the world. The budgets and financial reports of federal, provincial and district tiers of the government are processed through the FABS. Monthly salaries, GP fund payments and pensions of nearly 3 million public sector employees and thousands of daily contingent payments and receipts of government entities are also processed.

News flash

Anticipatory pension payment- new pension payment introduced for pensioners.

Another flagship initiative by the government of pakistan has been initiated for its valued pensioners - the anticipatory pension. The anticipatory pension will commence once the employee reaches 60 years of age, the retiree will get 65% of basic pay for one year as anticipatory pension even if the pension case is not submitted. However, upon submission of the retirement case, the anticipatory pension will be adjusted. The pensioners will have the benefit of accessing pension funds directly from their ATM under direct credit scheme and will receive a monthly pension slip on the registered email address for their reference and record keeping. For more information, please visit your nearest accounts office.

Dashboard for finance division has been developed & deployed

FABS has developed and activated a comprehensive dashboard for the secretary finance division. The dashboard yields daily, cumulative of month and cumulative of the year information on government’s expenditures, tax and non-tax receipts, domestic debt and external debt transactions, as well as the daily cash balances from the state bank of pakistan (SBP).
The dashboard is fed information from SAP and non-SAP sources through interfaces and linkages with institutions like federal board of revenue, central directorate of national savings (CDNS), economic affairs division, and self-accounting entities (pak PWD, NHA, mofa etc.), SBP/NBP. The real-time expenditure data of centralized accounting entities is captured through the SAP-based IFMIS.
The dashboard will help government in better financial planning and management with a timelier picture of its budget utilization, deficit and financing information.

Automated deduction of sales tax on services implemented in sindh & balochistan

FABS directorate in consultation with revenue authorities and ags of balochistan and sindh developed SAP based program for mandatory deduction of sales tax on services for payments processed by ags/ daos in sindh and baluchistan. Through this program SAP system automatically syncs its data with PRAL’s data and collects information of vendor status and then calculates the applicable amount of tax to be deducted. This system prevents valuable government receipt from being miscalculated or misclassified. The system was launched in sindh during october 2018 and in balochistan during march 2019. S.R.B has recognized the efforts made by FABS for making this system successful and reported 80% increase in tax collection for period october 2018 to june 2019.

Dashboard for ministry of climate change has been implemented

FABS in coordination with UNDP, has developed a dashboard for ministry of climate change which yields cost-center-wise information on ministry-wise and function-wise expenditure of federal government on climate-change related areas under the categories of mitigation, adaptation and support.

FABS contributes to increased revenues through automated deduction of sales tax

Solution for automated deduction of sales tax through the system activated across all the ags/daos with potential for substantively improving withholding sales tax collection through accounting offices. The FABS system accesses FBR database through optical fiber link on a daily basis to verify the status of sales tax registration of vendors/suppliers. The system ensures that the correct amount of sales tax at applicable rates is withheld from the bills processed at ags\daos the next day.

FABS online salary slip solution users exceed 1.3 million

More than 1.3 million government employees are receiving their salary slips through email every month. The measure is expected to contribute towards curbing the increasing cost incurred on the purchase of paper stationery and the repair and maintenance of printers at government offices.

System based tracking of pension cases launched at AGPR

Pension case tracking system has been developed for the pension cases processed at AGPR islamabad. The pensioners can view the status of their cases online which would facilitate the pensioners thereby marking a major improvement in terms of service delivery, transparency and accessibility. The same facility will also be developed for all the accounting offices across the country.

AGPR goes live with loan and advances module

A solution has been successfully implemented for AGPR islamabad under which processing of house building, motor car, motor cycle and cycle advances for government employees under ambit of the AGPR main office in islamabad, has been automated. The solution ensures that the employees get the advances according to the order in which they have applied for the same. It also tracks repayment of advances and makes sure that next advance is only allowed to an employee once he has paid back the required number of instalments of the previous advance as per the applicable rules. Furthermore, rules are enforced by the system through which an employee is barred from getting a particular advance more than twice during the length of her/his service. Activation of the solution has already led to filtering out of hundreds of applications for advances that were against the rules, thereby improving service delivery to the deserving applicants, as well as saving the exchequer from undue burden of advances to those employees who have not repaid due instalments on previous advances. The solution is planned to be replicated in all AGPR-suboffices in respective provinces.

FABS implements organizational management(OM) module in KP

The OM module has been successfully implemented in khyber pukhtunkhwa province. Data cleaning work is already under way to enable roll-out of OM module in balochistan. The module shall subsequently be replicated in all provinces as well as at the federal government level. FABS is also working on developing OM module-based dashboards which will provide regular update on sanctioned, vacant and filled posts in various government departments, districts across the respective provinces, at the click of a button, thereby enabling better rationalization of human resource across the federal and provincial governments.

About FABS

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. The district accounts offices(daos) and other district level offices, and provincial line departments are linked through wide area network(WAN) to servers at accountant general office and the finance department of the respective province. All provincial servers are linked through WAN to the federal server lying at the office of the accountant general pakistan revenues(AGPR) in islamabad, thereby creating a seam-less and integrated system capable of providing real-time information on financial transactions taking place on the system across the country at national and sub-national level. Among other things, the FABS is being used to process (a) monthly pay of more than 2.5 million government employees at federal, provincial and district levels (b) monthly pension of more than 0.5 million government employees (c) general provident fund payments of government employees (d) thousands of payment claims of government departments across the country on a daily basis (e) monthly and annual accounts of federal, provincial and district governments (f) budgets of federal and provincial governments.

New services are being initiated which aim to utilize the system for providing useful information to decision-makers in the government through dashboard reports. Horizontal expansion of the system is also being undertaken through interfaces with relevant government entities to capture comprehensive information related to receipts, expenditures, domestic debt and external debt transactions of the government.

FABS ensures proper functioning of the SAP-based financial accounting, budgeting, pre-audit, payroll, GPF and pension processing system of federal and sub-national governments through:

Technical support to SAP end-users in accounting and budgeting offices and line departments/ministries

Development of new SAP-based solutions for better public financial management

Ensuring proper functioning of the SAP hardware and networking infrastructure across the country

FABS comprises of the following teams under their respective team leads:

Human resource team (HR team)

Financial team (FI team)

BASIS team

LAN/WAN team

ABAP team

Information security team

Fbs pakistan

If you are interested to work as the forex trader with the FBS, the online broker platform, you are right here. FBS is the best online FX broker in the world, approximately operating in 190 countries, and now available in pakistan as well.
FBS is the simple and most convenient forex trading platform to make its steadfast services of currency pairs, cfds, stocks and metals. Its one of the most favorite forex trading platform of pakistani traders who can also use its services also with its dedicated website.
Traders can start forex trading with the FBS by depositing just $10. You can do forex trading easily in pakistan with the FBS platform because digitalpaisa.Pk has become the official partner with FBS and facilitating a large number of traders to make convenient, safe and transparent trading. If you are trading with FBS from pakistan you can have the services of the digitalpaisa.Pk in order to convert, deposit and withdraw your payments instantly by using the local platforms including jazz cash, easypaisa, UBL omini, bank transfers and many others.
Digital paisa also lets the forex traders to deposit and withdraw webmoney, skrill, perfect money, neteller, epay. Forex traders in pakistan can use the digital paisa (the trusted online e-currency exchanger)to immediately buy/sell FBS credit.
For more information related to FBS deposit and exchange in pakistan with digitalpaisa.Pk, you can open up livechat and can also contact the customer care available on the website.

FBS deposit process at digital paisa

Enter your FBS account number

Enter the amount in PKR

Select your payment method

Your payable amount will be automattically displayed along with fees

After submission of order payment details will be shared in post reply section

Forex trading in pakistan – is forex trading legal?

Forex brokers in pakistan – is forex trading legal?

The forex traders in pakistan are doing remarkably well in forex trading. Online “forex trading in pakistan” has become very popular among the young traders with higher risk capacity. That is the reason that many forex brokers have now registered and started providing forex trading to pakistan traders. Another reason for the popularity of forex trading is the success rate of pakistan investors. It is a well-known fact in the financial industry that forex traders from pakistan do well compared to any other country. The serious trading attitude and excellent analytical skills of pakistan forex traders bring them more success. A successful forex trader in pakistan also helps earn foreign currencies for the country as most of the profits are paid in USD $.

Interestingly, a large number of investors are making more profit from the forex market than equity markets in pakistan. The key to succeeding in forex trading lies in interpreting the currency price actions. The currency price (EUR/USD) keeps changing along with global financial news and political developments. The forex traders must monitor the events that affect currency valuation and economic data releases from different central banks affecting the currency price. One thing is clear, many pakistan forex traders have multiplied their investments of $100 into thousands of dollars, and they earn tens of thousand US dollars every month. So, forex trading is undoubtedly something that can not be ignored by serious traders.
But the new entrants to the forex market in pakistan face difficulties in understanding the terminology, options, platforms, so here’s a quick explanation to help you understand forex trading.

Open free demo account

Forex brokers in pakistan

Few forex brokers are offering exclusive forex trading services in pakistan. FBS pakistan is one such financial company having a dedicated website for pakistan forex traders. Additionally, the site offers its content in the urdu language, which help traders to understand forex trading in urdu. Pakistan forex traders have the freedom the choose from several brokers available in the industry. However, you must check the broker’s reputation, funding methods, and regulations before trading with them.

Best forex brokers in pakistan 2020

The following forex brokers are preferred in pakistan. These brokers have more than ten years of well-established trust in the market. If you are looking for the best forex brokers in pakistan in 2020, this list of brokers may help. You can also do research online to find the best forex broker in pakistan.

Arabic language support

Low spread and leverages to suit your trading style

Copy trading through zulutrade

MT4 and MT5 trading platform

Islamic account – yes

A minimum deposit of $1

Maximum leverage 1:1000

Five different accounts types

ECN account – low spreads

Bonus deposit – yes

Islamic account – yes

MT4 platform

$100 minimum deposit

Web and MT4

VIP account

37 international awards

Free market analysis

Islamic account – yes

Fixed spreads – fairly low

Minimum deposit of $1

Leverage of up to 1:3000

Five different types of accounts

Low spread

MT4 & MT5 trading platform

Islamic account – yes

Frequently asked questions on forex trading in pakistan

Who’s trading forex in pakistan?

Many traders are currently trading forex in pakistan. Not only that, most of them are trading forex successfully to make money. Forex trading is also known as foreign exchange trading. Forex market is the world’s biggest financial market with a turnover of trillions of dollars every day. According to estimations, there’s an average turnover above US$6 trillion dollars every single day.

People from different backgrounds are trading forex, from large companies to part-time small traders operating from their home. In pakistan, it has got accessible to many traders from remote areas with the proliferation of the internet. Now, many traders trade from the comfort of their home and make some additional income. Forex trading in karachi and islamabad has become quite popular among today’s smart traders. Hence, online trading brokers are opening their regional offices to cater to forex traders in pakistan. When we talk about forex trading – maximum traders are from karachi and islamabad. Karachi being the capital and financial hub, forex trading in karachi has become an attraction among traders.

Is forex trading legal in pakistan?

“is forex trading legal”, is one of the frequently asked questions by the traders in pakistan. Every trader wants to know about the legal aspect of forex trading. “is forex trading legal?” the answer is – yes, it is legal to trade forex in pakistan.” however, you must take care of your tax liabilities. Several forex trading companies have offices in karachi and operate while complying with pakistan regulators. Since the government’s rules keep changing, you should consult a local financial advisor for detailed advice on the legal aspects of trading forex in pakistan. The forex brokers accepting pakistan traders are hotforex, FBS, and IQ option. Sign up with any of these brokers to start trading forex in pakistan.

Is forex trading halal in pakistan?

Yes, forex trading is halal in pakistan, forex brokers are offering islamic forex trading account to pakistan traders. These are special forex trading accounts that do not charge any interest or ribba and comply with islamic principles. It is also known as swap-free forex accounts. You can ask your account manager or support team to offer you a halal forex account or islamic forex account.

What causes currency movements?

As you know that the values of currencies keep changing, so the exchange rates vary. The changes in those rates are determined by thousands of traders buying currencies with other currencies. It determines what each currency is worth in relation to the other.

Currency prices can sometimes change very fast in response to news and global events. Forex traders look at some essential factors like – political and economic stability, monetary policy, currency intervention, major political events, and natural disasters. Forex traders in pakistan take advantage of these factors, and trade currencies to make money.

Forex trading pakistan – how does forex trading work?

While trading forex, you buy in pairs like EURUSD. The trader predicts how the exchange rate between the two currencies will change. So, if the trader believes that the EURO (EURO) will strengthen against the USD (US dollar), then they buy EURO, which means they are also ditching their dollars. If they are right then the value of their currency increases and they can sell it for a profit. If their decision was wrong, then they lose.

For example, the EUR/USD rate shows the number of dollars one euro can buy. If a trader believes the euro will increase in value against the dollar, then they use dollars to buy euros. If the exchange rate rises, then they can sell the euros back for a profit. One of the reasons forex trading is so popular with hobbyist investors is that the markets are open pretty much 24 hours a day, following the different countries’ time zones.

Will I make any money?

That’s a tricky question now! Forex trading is highly risky. It’s so risky that many experts believe that there is a significant possibility for amateur traders to lose their capital. It is tough for individual traders to understand and determine the direction of the currency market with his limited understanding and knowledge of the forex market. The idea that an individual can reliably predict the movements of currencies is quite rare. Hence, individual traders need proper education and training in the forex market.

There are many trading platforms and guides and books and investment tutorials available to help new traders learn. The brokers in pakistan also provide webinars and one to one training to their clients. The brokers in pakistan who care for their clients to learn, provide free demo trading account to get some hands-on practice without risking any real money. If you are not sure of your knowledge level and trading skills, you must practice a lot in the demo trading account. You can learn forex trading with a free demo trading account with FBS and make use of their useful training resources.

Hence, would-be traders must understand the risks involved in forex trading. It’s essential that would-be traders should not invest money they can’t afford to lose.

What next? Can I start trading forex in pakistan?

By now, you must have understood that forex trading is full of risk and a complex area to master. But it is not impossible to learn and make a profit from trading. Hence you must get extensive training and acquire some hands-on experience in a demo account. Interestingly, many traders from pakistan are good at forex trading because of their analytical skills.

You must discuss with your online broker and financial advisers to understand the degrees of risk. The individual traders usually get to know more by trading in demo accounts and getting more and more studies. Before undertaking any online trading, it’s a good idea to spend time reading more and talking to other investors.

Conclusion

Finally, forex trading in pakistan is not a get rich quickly type of thing. You can not get rich overnight by trading forex. If you trade with the right knowledge and discipline and stay profitable, you will become rich by trading forex. Don’t just jump in and start trading, rather jump in and start learning first. After you learn, you must trade forex in a demo account for a few months. Then, you may switch to a real forex trading account if you feel confident of trading with real money.

You should start trading in a real account with real money only after getting enough experience in the demo account.

How to deposit or withdraw from FBS account in pakistan

FBS is a broker and CFD including MT4 and MT5 trading website that works almost in every country including pakistan so you can trade on FBS while living in pakistan. FBS company first established in 2009 and now it is one of the best broker websites in the world to trade different assets. Millions of user’s worldwide daily trades on this broker website so if you are interested then you can join now.

FBS broker is regulated with CYSEC and IFSC and as a starter, you can open their demo account to start learning about trading. Mine suggestion for you is to first practice on a demo account and once you master everything then you should deposit real money there. FBS team members put up all their assets in a separate bank account to save all their investors’ money.

The following are the deposit methods available on their platform:

VISA

SKRILL

NETELLER

Perfect money (recommended)

If you are looking for the best e-wallet to deposit /withdraw your money while living in pakistan then you should read this post. Visa cards usually do not work in pakistan so you need an alternative solution to deposit/withdraw your money from forex broker websites. Skrill and neteller have a lot of issues like verification and strong policies which create hurdles for users to deposit/withdraw money easily. If you are using skrill or nettler then your money is at risk because your account can be blocked and skrill did the same with me and charge me 150$ fine.

Perfect money (recommended)

Perfect money is an alternative best solution for you to deposit/money into FBS because you do not any kind of verification to use the perfect money account. Also, their fees are lower than skrill and almost all exchangers worldwide support perfect money platform. I am using the perfect money account for the last three years and I have not found any single issue with their platform. Almost all online exchangers support the perfect money system because their policies are not as strict.

How to deposit or withdraw from perfect money in pakistan

You can use kukichanger to instantly buy/sell perfect money dollars in pakistan which is a trusted e currency exchange in pakistan. For any kind of information related to e currency, you can open up livechat available on our website.

FBS forex pakistan

FBS pakistan is a popular forex broker in pakistan. They have proved themselves as a truly global forex broker. FBS pakistan has a dedicated website for pakistan forex traders. As a special offer for pakistan forex traders, they offer a no deposit bonus of $50 to start with. FBS complies with the standards set by IFSC and accepts traders from all over the world including pakistan. You can trade with confidence in a safe and transparent trading environment with FBS pakistan.

FBS offers MT4 and MT5 forex trading platforms with built-in indicators. All these professional analysis tools and indicators are accessible to FBS forex traders on multiple devices and on the web browsers. FBS pakistan also supports the traders with market alerts, forex news, daily, and weekly analysis. While trading with FBS forex you can trade forex pairs, commodity CFD and cryptocurrency CFD with the most competitive spread. The fund deposit and withdrawals to and from FBS account are quite simple and quick. These all features make FBS forex broker the preferred forex broker in pakistan.

FBS forex trading with $100 bonus

FBS regulations and compliance

FBS is a legitimate broker with registered address as no.1 orchid garden street, belmopan, belize, C.A.

It complies with the international financial services commission (IFSC) with license number IFSC/60/230/TS/18. Although FBS claims to have clients from over 190 countries, it has not obtained a license in the majority of the countries. However, IFSC protects clients internationally and gives decision in a professional and neutral way.

FBS doesn’t accept traders from japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran. If you are not from these countries, you can trade with FBS without any issue.

FBS review - FBS forex broker pakistan

How to deposit into FBS forex trading account?

FBS accept multiple fund deposit and withdrawal methods, which include credit card, debit card, skrill, and neteller. However, some customers complaint about transaction failure while depositing with credit and debit cards. Such transaction failures may happen due to restrictions from the bank on international transactions. But no need to worry. There are alternate safe and secure payment methods available with FBS forex pakistan. You can sign up for a skrill or neteller account, and get it verified by submitting your identification documents. After that, you can fund your skrill or neteller wallet. And deposit and withdraw funds from your skrill or neteller wallet.

Is FBS forex legal in pakistan?

Yes, forex trading with FBS is legal in pakistan. There are thousands of traders from pakistan using FBS trading platform for forex trading. FBS offers MT4 and MT5 platform to traders in pakistan. You are free to choose from several account types including swap free islamic account.

Why to choose FBS pakistan? The specialties of FBS pakistan as a forex broker.

Pros and cons.

MT4 and MT5 platform on robust servers.

A dedicated website with support in urdu.

Quick deposit and withdrawal processing while accepting deposits via money exchange companies.

Complies with IFSC vide license IFSC/60/230/TS/18;

No deposit BONUS of $50.

Free demo trading account with complete access to all features on the trading platform.

Excellent support and personalized account manager with local language support.

FBS is one of the trusted brokers for forex trading in pakistan. They provide forex CFD, commodity CFD and cryptocurrency CFD trading in one single account. You can also avail free bonus of $50 and start trading in real market conditions. FBS has got the best in the industry customer service. FBS offers quicker fund deposit and withdrawal processing for clients.

Binaryoptions4me@gmail.Com

+919999970928

Risk disclaimer: trading foreign exchange (“forex”), commodity futures, options and cfds on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange (“forex”), commodity futures, options, or cfds, you should carefully consider your monetary objectives, level of experience, and risk appetite. The possibility exists that you may sustain a loss of some or all of your deposited funds and therefore you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange, commodity futures, options, cfds and spreadbetting trading, and seek advice from an independent advisor if you have any doubts. Past returns are not indicative of future results.

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. The broker/dealer and the referring broker will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Fbs pakistan

FBS deposit process at digital paisa

Enter your FBS account number

Enter the amount in PKR

Select your payment method

Your payable amount will be automattically displayed along with fees

After submission of order payment details will be shared in post reply section

Financial accounting & budgeting system

Office of the controller general of accounts, government of pakistan

Reforming today for a better tomorrow

News flash

Anticipatory pension payment- new pension payment introduced for pensioners.

Dashboard for finance division has been developed & deployed

Automated deduction of sales tax on services implemented in sindh & balochistan

Dashboard for ministry of climate change has been implemented

FABS contributes to increased revenues through automated deduction of sales tax

FABS online salary slip solution users exceed 1.3 million

System based tracking of pension cases launched at AGPR

AGPR goes live with loan and advances module

FABS implements organizational management(OM) module in KP

About FABS

FABS ensures proper functioning of the SAP-based financial accounting, budgeting, pre-audit, payroll, GPF and pension processing system of federal and sub-national governments through:

Technical support to SAP end-users in accounting and budgeting offices and line departments/ministries

Development of new SAP-based solutions for better public financial management

Ensuring proper functioning of the SAP hardware and networking infrastructure across the country

FABS comprises of the following teams under their respective team leads:

Human resource team (HR team)

Financial team (FI team)

BASIS team

LAN/WAN team

ABAP team

Information security team

How to deposit or withdraw from FBS account in pakistan

The following are the deposit methods available on their platform:

VISA

SKRILL

NETELLER

Perfect money (recommended)

Perfect money (recommended)

How to deposit or withdraw from perfect money in pakistan

Forex trading in pakistan – is forex trading legal?

Forex brokers in pakistan – is forex trading legal?

Open free demo account

Forex brokers in pakistan

Best forex brokers in pakistan 2020

Arabic language support

Low spread and leverages to suit your trading style

Copy trading through zulutrade

MT4 and MT5 trading platform

Islamic account – yes

A minimum deposit of $1

Maximum leverage 1:1000

Five different accounts types

ECN account – low spreads

Bonus deposit – yes

Islamic account – yes

MT4 platform

$100 minimum deposit

Web and MT4

VIP account

37 international awards

Free market analysis

Islamic account – yes

Fixed spreads – fairly low

Minimum deposit of $1

Leverage of up to 1:3000

Five different types of accounts

Low spread

MT4 & MT5 trading platform

Islamic account – yes

Frequently asked questions on forex trading in pakistan

Who’s trading forex in pakistan?

Is forex trading legal in pakistan?

Is forex trading halal in pakistan?

What causes currency movements?

Forex trading pakistan – how does forex trading work?

Will I make any money?

Hence, would-be traders must understand the risks involved in forex trading. It’s essential that would-be traders should not invest money they can’t afford to lose.

What next? Can I start trading forex in pakistan?

Conclusion

You should start trading in a real account with real money only after getting enough experience in the demo account.

So, let's see, what we have: financial accounting & budgeting system office of the controller general of accounts, government of pakistan reforming today for a better tomorrow FABS represents one of the largest at fbs pakistan