S.R.O. 764(I)/2001, Islamabad, the 5th November, 2001:- In exercise of the powers conferred by sub-section(1) of section 246 of the Companies Ordinance, 1984(XLVII of 1984), the Securities and Exchange Commission of Pakistan is pleased to direct that all listed companies shall within one month of the close of every quarter of their year of account, prepare and transmit to the members and the stock exchange(s) on which their shares are listed, a profit and loss account for, and balance sheet as at the end of that quarter, whether audited or otherwise. Simultaneously with the transmission of the quarterly profit and loss account and balance sheet to the members and the stock exchange(s), they shall file with the registrar and the Commission three copies thereof. These directions shall take effect from financial statements covering periods ending on or after 31st December, 2001.

2.     Sub-sections(1) and(2) of section 241 ibid as well as IAS 34 notified vide SRO No. 33(I)/2000, dated 27.1.2000 shall also apply to the quarterly accounts.