Pakistan (PK)

Jurisdiction Overview

189 *Are annual accounts submitted to a public authority? Not applicable
 Data Date: 2016


The Global Forum reported that "All companies are further required to file annual accounts with the SECP except for private companies with capital of less than PKR 7.5 million (EUR 63470) (s. 242 Companies Ordinance). A listed company shall also send its balance sheet and profit and loss account to the stock exchange (s.233 Companies Ordinance) [...]. The SECP has further directed all public companies to maintain web-sites and provide mandatory information to shareholders through the website." SECP is the Security and Exchange Commission of Pakistan (GF 2016: 48-49; [TJN-s-note]). "However, despite SECP's supervisory and enforcement measures the compliance rate with the obligation to file annual financial statements remains relatively low at 56%." (Ibid: 49).


GF 2016: 48