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Additional IFRS 9 deferral in Pakistan

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14 Nov 2019

In February 2019, the Securities and Exchange Commission (SECP) in Pakistan deferred the mandatory application of IFRS 9 'Financial Instruments' for all companies to reporting periods/years ending on or after 30 June 2019. The SECP has now deferred mandatory IFRS 9 application for non-banking finance companies to 2020.

Voluntary early adoption remain possible. For more information, please see the announcement on the SECP website.

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