Association has 45 members and of these, 18 have already adopted IFRS-9 revealing that 27 members have yet to adopt it. Needless to mention that SECP had deferred the application of IFRS-9 vide SRO 1827 (I)/2022 Notification Dated September 29, 2022 and mandated for its adoption in the financial reporting of June 30, 2024. For capacity building of the members, SECP organized a seminar on February 22, 2022 conducted by Mr. Muhammad Khattab Baig, Partner, A.F. Ferguson & Co., Chartered Accountants, Mr. Muhammad Rehan, Senior Director, EY Ford Rhodes, Chartered Accountants and Mr. Shehzad Hussain, Senior Manager, A.F. Ferguson & Co., Chartered Accountants. Now the number of IFRS-9 compliant members has risen to 22.
Association, being alive to the current situation and preparedness of the members for its adoption, organized a physical and virtual interactive session on IFRS-9 and ECL calculation on 02-03-2023 and the following speakers / trainers delivered lectures supported by comprehensive working Sheets on EXCEL:
1.Mr. Fahad Fahim – Head Enterprise Risk Management, Pak Brunei Investment Co. Ltd.
2.Mr. Muhammad Adnan Shakeel – CFO/Company Secretary Sindh Modaraba
3.Mr. Danyal Ahmed – Senior Manager Enterprise Risk Management, Pak Brunei Investment Co. Ltd.

Mr. Mahfuz-ur Rehman Pasha, Chairman of the Association in his opening remarks

Mr. Muhammad Adnan Shakeel, CFO & CS, Sindh Modaraba presenting the lectures

Mr. Fahad Fahim, ACCA, Head, Middle Office & Operational Risk, Pak Brunei Investment Company Limited presentation

Mr. Danyal Ahmed, Sr. Manager, Enterprise Risk Management, Pak Brunei Investment Co. Ltd.

Participants view

Participants view

Participants view

Group photo

Group photo of staff with Mr. Mahfuz-ur Rehman Pasha, Chairman & his Advisor, Mr. Muhammad Samiullah
The session was recorded and has been placed on the website of Association and you may access to the recorded session through LINK given below:
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