NIBAF Pakistan conducted a one-day intensive training session on August 22, 2025, aimed at equipping commercial bank officers with advanced knowledge on reporting enhancements and compliance requirements under IFRS-9. The training focused on improving the accuracy, transparency, and standardization of financial reporting across Pakistan’s banking sector, ensuring alignment with international best practices.
The session, held at NIBAF’s Islamabad campus, was led by Mr. Hassam ul Haque, Deputy Director of the Financial Sector Development Department at the State Bank of Pakistan. Mr. Haque brought in-depth expertise in financial reporting standards, risk management, and regulatory compliance, providing participants with practical insights into the latest developments in IFRS-9 implementation.
IFRS-9, which governs the accounting for financial instruments, emphasizes forward-looking provisioning and effective risk classification. As banking operations increasingly become complex, adherence to these standards is critical for maintaining financial stability, ensuring transparent reporting, and meeting the expectations of regulators, investors, and stakeholders.
The training addressed the recent enhancements in reporting chart of account returns, designed to improve the accuracy of risk assessment and financial statement disclosures. Officers were trained on structured methodologies to classify assets, calculate expected credit losses, and implement model-based reporting in compliance with SBP guidelines. Emphasis was placed on the practical application of IFRS-9, ensuring participants could integrate the reporting requirements seamlessly into their institutions’ internal systems and reporting frameworks.
Participants engaged in interactive sessions covering real-world case studies, simulations, and problem-solving exercises to reinforce their understanding of the standards. The workshop also highlighted the role of automated reporting tools, data validation techniques, and reconciliation processes in strengthening the quality of financial reporting. By the end of the session, participants were equipped with actionable knowledge to enhance internal controls, improve risk management, and ensure regulatory compliance across their respective banks.
This training underscores NIBAF Pakistan’s commitment to capacity building and professional development within the country’s banking sector. By aligning local financial institutions with international accounting standards, the initiative contributes to greater investor confidence, improved credit evaluation practices, and enhanced stability in the financial system.
Mr. Haque stressed the importance of continuous learning and proactive adaptation to evolving regulatory standards. He highlighted that accurate and transparent reporting under IFRS-9 not only ensures compliance but also strengthens the resilience of banks in managing credit risk and maintaining sustainable financial growth.
The event attracted officers from various commercial banks, providing a platform for knowledge sharing, peer-to-peer learning, and collaboration on best practices in financial reporting. NIBAF Pakistan continues to play a pivotal role in professionalizing banking operations and enhancing the overall governance framework within the country’s financial sector.
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