This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Pakistan defers application of IFRS 9

  • Pakistan Image

18 Feb 2019

The Securities and Exchange Commission (SECP) in Pakistan has deferred the mandatory application of IFRS 9 'Financial Instruments' for all companies required to prepare their financial statements in accordance with IFRS to reporting periods/years ending on or after 30 June 2019.

The SECP press release notes that "It is expected that the companies will benefit from the extension and will fully prepare themselves for transition to ensure complete compliance with IFRS 9 by the new effective date”. Voluntary early adoption remains possible.

Please see the press release on the SECP website for more information.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.