Question

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Future of IFRS in pakistan.

Answer 1

Answer:

Pakistan recently adopted the following IFRS Standards: The implementation of IAS 39 was deferred for banks and financial institutions by SBP till further notice. Pakistan adopted IFRS 9 with an effective date of 1 July 2018 through SECP SRO 1007 (l)/2017, dated 4 October 2017 but has deferred it until 30 June 2019.

Explanation:

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