The Securities and Exchange Commission of Pakistan has issued Notification Ref: S.R.O. 434 (I)/2018. dated 9th April, 2018 Through the aforementioned Notification, SECP has directed that the following International Financial Reporting Standard (IFRS) and any further revisions thereof, issued by the International Accounting Standards Board, shall be followed for the preparation of financial statements by all classes of companies that are required by the Act to follow for Annual reporting periods beginning on or after January 1, 2019.

Please click below to view the original Notification.

Notification – IFRS 16