Circulars/Notifications - Banking Supervision Department  
 BSD Circular Letter No. 2 of 2006
February 06, 2006  

The Presidents / Chief Executives
All Banks / DFIs

Dear Sirs/Madam,

 

PANEL OF AUDITORS – UNDER SECTION 35(1) OF
BANKING COMPANIES ORDINANCE, 1962


Please refer to the Panel of Auditors circulated vide BSD Circular Letter No.01 dated January 18, 2006.

It has been decided to include the following Chartered Accountancy Firm in the Panel of Auditors of State Bank of Pakistan with immediate effect:

Name of the Firm
Category of the Panel
M/s Mehmood Idrees Masood & Co.
Chartered Accountants
103-104,Amber Estate Building, Main Shahrah-e-Faisal, Karachi
Ph: 021-4535712-13
Fax: 021-4546291
Category ‘C’ – eligible to conduct audit of Banks/DFIs having total assets (net of contra items) below Rs.5 billion or number of branches below 10.

Furthermore, M/s. R.H & Co., Chartered Accountants placed in category “C” of the State Bank’s Panel of Auditors has been removed from the Panel with immediate effect. A copy of the revised panel is enclosed.

Other instructions on the subject shall, however, remain unchanged.

Please acknowledge receipt.

 


Yours faithfully,


(JAMEEL AHMAD)
Director

       
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