4th or 5th Schedule for ESE?

[VITAL]

“Medium-Sized Company” means a company that
(a) is not a listed company or a subsidiary of a listed company;
(b) has not filed, or is not in the process of filing, its financial
statements with the Securities and Exchange Commission of
Pakistan (SECP) or other regulatory organization for the purpose
of issuing any class of instruments in a public market;
(c) does not hold assets in a fiduciary capacity for a broad group of
outsiders, such as a bank, insurance company, securities
broker/dealer, pension fund, mutual fund or investment banking
entity;
(d) is not a public utility or similar company that provides an
essential public service;
(e) is not economically significant on the basis of criteria defined in
clause (iii); and
(f) is not a Small-Sized Company on the basis of criteria defined in
clause (vii).


1A. All Medium-Sized and Small-Sized companies as defined in this Schedule shall
follow the Accounting and Financial Reporting Standards for Medium-Sized Companies
and Small-Sized Companies,