Presidents/ Chief Executives,
All Banks/ DFIs/MFBs

Dear Sir/ Madam,

PANEL OF AUDITORS MAINTAINED UNDER SECTION 35 (1) OF BCO, 1962

This refers to BSD Circular Letter No. 07 dated June 18, 2012 on the cited 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 and Address of the Firm	Previous Category	Upgraded Category
Nasir Javaid Maqsood Imran Chartered Accountants 904, 9th Floor, Q.M. House, Plot No.11/2, Ellander Road, Opp. Shaheen Complex, off I.I. Chundrigar Road, Karachi)	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.

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

Encl: As Above

Copy forwarded for information to:

Nasir Javaid Maqsood Imran-Chartered Accountants.