Presidents/ Chief Executives,

All Banks/DFIs /MFBs/ECs

Dear Sirs/Madams,

Panel of Auditors Maintained Under Section 35(1) of Banking Companies Ordinance, 1962

1. Please refer to BPRD Circular Letter No. 02 of 2018 dated March 14, 2018 on the captioned subject.
2. It is informed that “S. M. Masood & Co., Chartered Accountants’, listed in the Category ‘C’ of SBP’s Panel of Auditors, has been delisted from the panel, under the provision of section 35(1) of BCO, 1962 and the clause 2.12 of ‘Framework on External Audit for Financial Institutions’ of 2015.
3. A copy of the updated Panel of Auditors is attached at Annexure.