Daily Times July 7, 2021 The State Bank of Pakistan (SBP) on Tuesday announced the implementation of the International Financial Reporting Standards 9 (IFRS 9) from January 01, 2022. In a statement, the SBP said that through Circular # 04, dated October 23, 2019, wherein the effective date of IFRS 9 implementation and its transition requirements were advised. However, keeping in view of Covid-19 impact and banking industry representations, it has been decided to implement the IFRS 9 from January 01, 2022 instead of its earlier implementation date of January 01, 2021. The central bank said tha...