State Bank of Pakistan

Panel of Auditors Maintained Under Section 35 (1) of BCO, 1962

September 30, 2014

6503

Presidents/ Chief Executives,

All Banks/ DFIs/MFBs

Dear Sir/Madam,

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

This refers to BPRD Circular Letter No. 23, dated June 30, 2014 on the cited subject.
It is informed that name and category of the Chartered Accountants firm “Manzoor Aslam Sehgal Saleem Shahid”, has been changed on the Panel of Auditors of State Bank of Pakistan, as below:

Previous Name & Category	Changed Name & Category
Manzoor Aslam Sehgal Saleem Shahid, Chartered Accountants ( Category "C")	IECnet S.K.S.S.S, Chartered Accountants, (Category "B")
Auditing Firms in Category “C” are eligible to conduct audit of Banks/ DFIs having total assets (net of contra items) below Rs. 5 billion or number of branches below 10.	Auditing Firms in Category “B” are 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 updated Panel of Auditors is enclosed.

Please acknowledge receipt.

Enclosed:

Yours sincerely,

Shaukat Zaman
Director