Circulars/Notifications - Banking Surveillance Department  
 BSD Circular Letter No. 06 of 2011
April 14, 2011

The Presidents/ Chief Executives,
All Banks/ DFIs

Dear Sirs/ Madams,

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


Please refer to BSD Circular Letter No. 04 dated March 18, 2011 on the subject.

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 and Address 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: +92 (021) 35644872-7 Fax: +92 (021) 35694573
E-mail: [email protected]

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.
Category ‘B’ – eligible to conduct audit of Banks/ DFIs having total assets (net of contra items) up to Rs. 50 billion or number of branches up to 99.



A copy of the updated Panel of Auditors is enclosed as Annexure-A. All other instructions on the subject will remain unchanged.

Please acknowledge receipt.

Encl: Updated Panel of Auditors (Annexure - A)

 


Yours faithfully,


Sd/-
(LUBNA FAROOQ MALIK)
DIRECTOR

       
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