RegAlert

Rule · SECP · 12 Jan 2026

SRO 25(I)/2026 – IFRS 9 ECL Exemption Extension

credit

The Securities and Exchange Commission of Pakistan, in partial modification of S.R.O. 1784(I)/2024 dated November 4, 2024, exempts companies holding financial assets due or ultimately due from the Government of Pakistan in respect of circular debt from applying the Expected Credit Losses method under IFRS 9 for financial years ending on or before December 31, 2026. During the exemption period, such companies must follow the relevant requirements of IAS 39 for those financial assets.

PakistanSecurities and Exchange Commission of Pakistan

Government of Pakistan
Securities and Exchange Commission of Pakistan -.-.-.-

Islamabad, the 6 th January, 2026

NOTIFICATION

S.R.O.25(I)/2026.- In exercise of powers conferred by section 510 read with subsection (3) of section 225 of the Companies Act, 2017 (Act No. XIX), the Securities and Exchange Commission of Pakistan, in partial modification of its previous S.R.O. 1784(I)/2024, dated November 4, 2024, 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 the 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.

[File No. SMD/PRDD/Comp/(4)/2021]

( Bilal Rasul )
Secretary to the Commission

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Regulation No. 1784(I)/2024 dated2024-11-04Not in RegAlertRegulation No. 1784(I)/2024 dated 2024-11-04 — Not in RegAlertSRO 25(I)/2026 – IFRS 9 ECLExemption Extension2026-01-12 · this documentSRO 25(I)/2026 – IFRS 9 ECL Exemption Extension (2026-01-12)
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Amends
  • Regulation No. 1784(I)/2024 dated 2024-11-04Not in RegAlert

    “in partial modification of its previous S.R.O. 1784(I)/2024, dated November 4, 2024”

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