The Presidents/ Chief Executives,
All Banks/ DFIs

Dear Sirs/ Madam,

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

This refers to BSD Circular Letter No. 12 dated September 12, 2011

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

Name of the Firm	Category of the Panel
M/s Mudassar Ehtisham & Co. Chartered Accountants, 15-Birdwood Road, Lahore. Ph:042-37500503-4 Fax:042-37500506 www.mecoca.com Email:[email protected]	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.

A copy of the revised panel is enclosed. All other instructions on the subject shall, however, remain unchanged.

Please acknowledge receipt.