Financial statements from Pakistan

Schmidt & Schmidt offers financial statements from Pakistan in electronic form and their translations into English.

According to current law, companies registered in Pakistan are required to file annual financial statements.

The submission of annual reporting in Pakistan is regulated by the Companies Act 2017 and other regulations.

International Financial Reporting Standards (IFRS) remain in force in Pakistan. They are used by large public companies, financial institutions, firms whose securities are sold on the stock exchange. Also, IFRS standards can be used by small and medium-sized businesses.

Companies are required to submit annual financial statements to the Securities and Exchange Commission. In addition, companies selling their shares publish financial statements through the stock exchange. Together with large public companies, they publish their financial statements in special publications and on Internet resources.
Annual financial statements must be submitted within four months after the end of the financial year.

Along with financial reports, companies submit annual reports to the registration bodies of the Securities and Exchange Commission containing information about the management, address, official representatives and the annual meeting of shareholders.

Full annual financial statement includes:

• Balance sheet
• Profit and loss report
• Notes

You can access the accounting documentation of companies selling their securities on the exchange through the Pakistan Stock Exchange website.

In addition, on special Internet resources, you can get copies of financial reports, which, according to the law, are published by the companies themselves.

For search you need a full company name in Urdu or English, as well as a registration number.

Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise. Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.

Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts. Financial statements are provided in accordance with the Pakistani legislation and legal requirements on personal data protection.

On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.