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FD notifies policy amendment: SOEs’ reporting brought in line with IFRS
ISLAMABAD: The government has amended the State-Owned Enterprises (Ownership and Management) Policy, 2023 to bring financial reporting of state-owned enterprises (SOEs) in line with International Financial Reporting Standards (IFRS), while retaining the State Bank of Pakistan’s (SBP) statutory reporting framework for entities under its regulation. The Finance Division, through a notification issued on Friday approved amendments to paragraph 31 of the SOEs (Ownership and Management) Policy, 2023 under the State-Owned Enterprises (Governance and Operations) Act, 2023. Under the amended policy, “...
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