Free tools Windows power users keep installed
One-click scans. No signup required.
Pakistan’s Cabinet Committee on State-Owned Enterprises approved an amendment to the 2023 State-Owned Enterprises (SOEs) Ownership and Management Policy on 14 September 2026. The Finance Division listed it on 2 October as an amendment “for IFRS Implementation by the SOEs.” It sets two reporting routes: standards notified by the Securities and Exchange Commission of Pakistan (SECP) generally, and the State Bank of Pakistan’s (SBP) statutory framework for SOEs it regulates. The change sits within a wider SOE reform agenda, but available official documents do not establish that this particular amendment was itself an IMF condition.
What Pakistan changed in its SOE policy
The amendment addresses how applicable financial reporting standards for state-owned enterprises are identified for IFRS implementation and monitoring. The Government of Pakistan says the standards are those notified by SECP, including modifications or exemptions SECP makes available to companies generally. It also preserves a separate rule for SOEs regulated by SBP: the statutory financial reporting framework prescribed by SBP prevails.
The Finance Division’s Central Monitoring Unit lists the document as “Amendment in the State-Owned Enterprises (SOEs) Ownership and Management Policy, 2023 for IFRS Implementation by the SOEs,” dated 2 October 2026. The Cabinet Committee’s approval was reported on 14 September 2026. Finance Division listing Cabinet Committee announcement
Which reporting rules apply?
| SOE category | Reporting framework described by the government |
|---|---|
| SOEs not regulated by SBP | Financial reporting standards notified by SECP, including modifications or exemptions SECP allows for companies generally. Government summary |
| SOEs regulated by SBP | The statutory financial reporting framework prescribed by SBP prevails. The Government of Pakistan’s press release states: “The amendment also provides that, in the case of SOEs regulated by the State Bank of Pakistan, the statutory financial reporting framework prescribed by SBP shall prevail.” Government press release |
This is not a statement that every SOE must follow identical IFRS rules. The applicable regulator and its rules matter, including SECP’s generally available modifications or exemptions and SBP’s statutory framework for the SOEs it regulates.
#1 Best Overall
How the change relates to the IMF’s SOE reform benchmark
The IMF’s April 2026 Pakistan review described a structural benchmark to amend laws of additional statutory SOEs so they align with the SOE Act and the 2023 framework. The report gave an end-August 2026 date and listed the benchmark as “In progress” at the time of that review. IMF April 2026 review
An earlier IMF review, published in November 2025, described the wider objective as bringing all SOEs into line with the 2023 legal framework and strengthening sovereign wealth fund governance and accountability. It recorded the benchmark as in progress, with an end-March 2026 date at that time. The dates and status therefore need to be tied to the specific review rather than treated as a single unchanged deadline. IMF November 2025 review
Rank #2
- Ideal for Gifting
- Ideal for a bookworm
- Compact for travelling
Those benchmarks concern broader legal alignment. The available documents do not say that this specific IFRS reporting amendment was itself the IMF benchmark or expressly required by the IMF. It is more accurate to describe the amendment as part of Pakistan’s broader SOE reform agenda.
Why the 2023 policy matters
Pakistan’s 2023 SOE policy was prepared under section 4(1) of the SOE Governance and Operations Act, 2023. It frames the federal government’s role as an informed and active shareholder, calls for clearer shareholding responsibilities, and emphasizes managing fiscal risks effectively. It also sets out ownership rationale, governance responsibilities, monitoring through the Central Monitoring Unit, public-service obligations and reporting expectations. Pakistan’s 2023 SOE policy
The Tool Desk
Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →The policy’s broader ownership approach distinguishes strategic or essential enterprises that may be retained from non-strategic and non-essential enterprises that may be transformed. The listed options include restructuring, management contracts, joint ventures, public-private partnerships, stock-exchange listing and outsourcing. These are elements of the wider ownership framework, not provisions established as part of this IFRS amendment. Pakistan’s 2023 SOE policy
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What is not yet clear from the accessible documents
The Ministry-linked amendment is a one-page scanned PDF whose accessible copy has no extractable text. The government’s published summary supports the reporting rules described above, but the accessible material does not establish additional operative clauses, a commencement date or transition arrangements. Those details should not be assumed from the listing date or approval date.
Quick Recap
Best Value
- It can be a gift option
- Comes with secure packaging
- Helpful in various ways
Rank #4
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
