Dear Sir/ Madam,

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

This refers to BSD Circular Letter No. 03, dated February 16, 2012 on the cited subject.

It has been decided to include the following Chartered Accountancy firm in Category “C” of the Panel of Auditors of State Bank of Pakistan with immediate effect::

Name of the Firm	Category of the Panel
S. M. Suhail & Co. Chartered Accountants, Suite No. 1001-1014, 10th Floor, Uni Centre I.I. Chundrigar Road, Karachi.74200 Tel: 021-32414057, 32414163, 32414419 Fax: 021-32416288. Email: sms@smsco.pk , www.smsco.pk	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.

2. A copy of the updated Panel of Auditors is enclosed.
Please acknowledge receipt.

Encl: As Above