Dear Sirs/ Madam,

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

Please refer to BSD Circular Letter No. 11 dated June 21, 2010.

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 UHY-Hassan Naeem & Co. Chartered Accountants, 193-A, Shah Jamal, Lahore. Phone: +92 (42) 37599938 +92 (42) 37599948 +92 (42) 37599640 Fax: +92 (42) 37599740 E-mail: [email protected] Website: www.uhy-hnco.com	Category ‘C’ – eligible to conduct audit of Banks/ DFIs having total assets (net of contra items) below Rs. 5 billion or less than 10 branches.

A copy of the revised panel is enclosed as Annex-A. All other instructions of the circular remain unchanged.

Please acknowledge receipt.

Encl: As Above