This refers to BPRD Circular Letter No. 07 of 2015, dated March 04, 2015 on the captioned subject.

2. It has been decided to upgrade the category of the following Chartered Accountancy firm in the Panel of Auditors of State Bank of Pakistan with immediate effect.

Name of the Firm	Previous Category	Upgraded Category
Baker Tilly Mehmood Idrees Qamar - Chartered Accountants, 4th Floor, Central Hotel Building, Civil Lines, Mereweather Road, Karachi Tel # 021-35644872-7, Fax # 021- 35694573 [email protected]	Category ‘B’ – eligible to conduct audit of Banks/ DFIs having total assets (net of contra items) upto Rs. 100 billion or number of branches upto 160.	Category ‘A’ – eligible to conduct audit of all Banks/ DFIs

3. A copy of the updated Panel of Auditors is enclosed.

Please acknowledge receipt.

Encl: As Above