Business & Finance Print edition: 2026-01-24

SECP clarifies requirements of IFRS-9 on financial assets of cos

Published January 24, 2026 Updated January 24, 2026 04:57am

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has clarified requirements of IFRS-9 (Financial Instruments) on financial assets of companies.

The SECP has issued an S.R.O.25(I)/2026 here on Friday.

According to the S.R.O.25(I)/2026, the SECP is hereby pleased to notify that, in respect of companies holding financial assets, due or ultimately due from the Government of Pakistan in respect of circular debt, the requirements contained in “IFRS-9 (Financial Instruments) with respect to application of Expected Credit Losses Method” shall not be applicable on such financial assets for financial years ending on or before December 31, 2026.

—Provided that such companies shall follow relevant requirements of IAS 39 Financial Instruments: Recognition and Measurement, in respect of above referred financial assets during the exemption period, the notification added.

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