BUSINESSDAWN
Cabinet committee denies gas utilities exemption from international accounting standards
The Cabinet Committee on state-owned enterprises rejected a request by Sui Southern and Sui Northern gas utilities for exemption from IFRS-14 and IFRS-9 accounting standards. The Finance Minister directed further deliberations to address concerns about transparency and compliance under the SOEs Act 2023 and IMF requirements.
Mentioned
Cabinet Committee on state-owned enterprisesorganizationMuhammad AurangzebpersonSui SouthernorganizationSui NorthernorganizationInternational Financial Reporting Standards (IFRS-14 and IFRS-9)topicPetroleum DivisionorganizationCentral Monitoring Unit (CMU)organizationSOEs Act 2023topicInternational Monetary Fund (IMF)organization
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