What are the exemptions limit of audit in Pakistan?

In Pakistan, the exemptions limit for audit is defined by the Companies Act, 2017. As of the latest regulations, small companies with a paid-up capital of less than PKR 10 million are generally exempt from mandatory audit requirements. Additionally, certain categories of entities, such as sole proprietorships and partnerships, may also be exempt depending on their size and revenue thresholds. It’s important for businesses to verify current limits and regulations, as these can be subject to change.