The Presidents/Chief Executives,
IMPLEMENTATION OF INTERNATIONAL FINANCIAL
REPORTING STANDARD 9 (IFRS 9)
Please refer to Para 2 of the BPRD Circular No. 04 dated October 23, 2019 on the captioned subject.
2. Keeping in view the prevalent COVID-19 (Corona Virus Disease 2019) pandemic situation, it has been decided to extend the timeline of the following tasks related to IFRS 9 implementation:
||Preparation of IFRS 9 compatible pro forma Financial Statements for year-ended 2019
||Aug 31, 2020
||Parallel Run of IFRS 9
||Periods beginning July 1, 2020
3. All other instructions on the subject shall, however, remain unchanged.
Please acknowledge receipt.