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Does IAS 28 shall apply to the medium sized entity or this investment would be treated in accordance with section 16"investment" of Accounting & financial reporting standards for MSEs. Whereby the framework says that where an entity has a transaction that falls outside this standard it's suggested that the preparer luks for guidance within IFRS.

Where are you located? If your company falls under Small or Medium Size in Pakistan, then follow Institute of Chartered Accountants of Pakistan's reporting Standards for SMEs
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