ADOPTION STATUS OF IFRS/IAS IN PAKISTAN AS ON JANUARY 2012 IAS #

IAS 1 IAS 2 IAS 7 IAS 8 IAS 10 IAS 11 IAS 12 IAS 16 IAS 17 IAS 18 IAS 19 IAS 20 IAS 21 IAS 23 IAS 24 IAS 26 IAS 27 IAS 28 IAS 29 IAS 31 IAS 32 IAS 33 IAS 34 IAS 36

TITLE
Presentation of Financial Statements Inventories Statement of Cash Flows Accounting Policies, Changes in Accounting Estimates and Errors Events after the Reporting Period Construction Contracts Income Taxes Property, Plant and Equipment Leases Revenue Employee Benefits Accounting for Government Grants and Disclosure of Government Assistance The Effects of Changes in Foreign Exchange Rates Borrowing Costs Related Party Disclosures Accounting and Benefit Plans Consolidated Statements Reporting and by Retirement Financial

REMARKS

Separate

Investments in Associates Financial Reporting Economies in Hyperinflationary

Interests in Joint Ventures Financial Instruments: Presentation Earnings Per Share Interim Financial Reporting Impairment of Assets Disclosure and

IAS/ IFRS #
IAS 37 IAS 38 IAS 39

TITLE
Provisions, Contingent Contingent Assets Intangible Assets Financial Instruments: Measurement Investment Property Recognition Liabilities and

REMARKS

and Implementation of this standard has been held in abeyance by State Bank of Pakistan for Banks and DFIs Implementation of this standard has been held in abeyance by State Bank of Pakistan for Banks and DFIs

IAS 40

IAS 41 IFRS-1

Agriculture First-time Adoption of International Financial Under consideration of the relevant Committee of the Reporting Standards Institute.

IFRS-2 IFRS-3 IFRS-4 IFRS-5

Share-based Payment Business Combinations (This IFRS supersedes IAS-22) Insurance Contracts Non-Current Assets Held Discontinued Operations supersedes IAS-35) for Sale and (This IFRS of Mineral

IFRS-6 IFRS-7

Exploration for and Evaluation Resources Financial Instruments : Disclosures

(This IFRS supersedes IAS 30 and Disclosure requirements of IAS 32) IFRS-8 Operating Segments (This IFRS supersedes IAS 14) IFRS-9 Financial Instruments Under consideration of the relevant Committee of the Institute. This IFRS will be effective for the annual periods beginning on or after 1 January 2015

IFRS-10

Under consideration of the relevant Committee of the Institute. This IFRS will be effective for the annual (This IFRS will supersede SIC-12 reporting periods beginning on or after 1 January 2013 Consolidation Special Purpose Entities) Consolidated Financial Statements Under consideration of the relevant Committee of the Institute. This IFRS will be effective for the annual (This IFRS will replace IAS 31 Interests in reporting periods beginning on or after 1 January 2013 Joint Ventures and will supersede SIC13 Jointly Controlled Entities Non-Monetary Contributions by Venturers) Disclosure of Interests in Other Entities Under consideration of the relevant Committee of the Institute. This IFRS will be effective for the annual reporting periods beginning on or after 1 January 2013 Joint Arrangements Fair Value Measurement Under consideration of the relevant Committee of the Institute. This IFRS will be effective for the reporting periods beginning on or after 1 January 2013

IFRS-11

IFRS-12

IFRS-13