Listed Companies: Sec 74 of Companies Act, 2017 "Quarterly financial statements of listed companies"
Reform ID		F437
Description		Listed companies are obligated to prepare quarterly financial statements 30 days of the close of 1st and 3rd quarters and 60 days of the 2nd quarter. However, it was proposed that quarterly reporting be discontinued and the companies be required to submit financial statements bi-annually instead. Whereas Quarterly Reporting be retained only for high-risk companies based on auditor’s modified opinion or material uncertainty.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Federal - Entire Pakistan
Sector		All Sectors
Start Date
Target Deadline
Date Enacted
Implementation Status		In Progress
Progress		25%
CCORR Direction		Simplify
Cost Savings PKR (Mil.)
Evidence