The Head Offices/Principal Offices of all
Authorized Dealers in Foreign Exchange

Dear Sirs,

We have to advise that Mr. Azhar Kureshi has assumed charge as Director, Exchange Policy Department, State Bank of Pakistan, Karachi with effect from March 30, 2004 (A.N.). His specimen signature is appended.

The specimen signature of Mr. M.R. Mehkari Ex-Director, Exchange Policy Department may please be treated as cancelled. All correspondence in respect of issues relating to Exchange Policy Department may, therefore, be addressed accordingly.

Specimen signature of
Mr. Azhar Kureshi ____________________________________
Director/EPD

STATE BANK OF PAKISTAN,
EXCHANGE POLICY DEPARTMENT,
(ADMINISTRATIVE SECTION),
KARACHI.