2025-06-25 | BPRD Circular Letter No. 14

State Bank of Pakistan Panel of Auditors Maintained Under Section 35(1) of the Banking Companies Ordinance, 1962

This document lists the State Bank of Pakistan's official Panel of Auditors categorized into groups A, B, and C as of June 25, 2025. These categorizations define the eligibility of chartered accountant firms to perform audits for banks and Development Finance Institutions (DFIs) based on specific asset and branch count thresholds. Category A firms are authorized to audit all banks and DFIs, while categories B and C are restricted to institutions with asset values and branch networks below 100 billion/160 branches and 15 billion/30 branches, respectively.

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Annexure to BPRD Circular Letter No. 14 June 25, 2025

Page 1 of 7

State Bank of Pakistan’s Panel of Auditors Maintained Under Section 35 (1) of Banking Companies Ordinance, 1962

Category ‘A’

A1: A.F. Ferguson & Co., State Life Building No. 1/C, I.I. Chundrigar Road, Karachi. Tel: +92 (021) 32426711-15, Fax: +92 (021) 32415007, Web: www.affco.com.pk

A2: Baker Tilly Mehmood Idrees Qamar, 4th Floor, Central Hotel Building, Civil Lines, Mereweather Road, Karachi. Tel: +92 (021) 35644872-77, Fax: +92 (021) 35694573, Email: mim@bakertillymiq.com, Web: www.bakertillymiq.com

A3: BDO Ebrahim & Co., 2nd Floor, Block ‘C’ Lakson Square, Building No. 1, Sarwar Shaheed Road, Karachi. Tel: +92 (021) 35683030, Fax: +92 (021) 35684239, Email: info@bdo.com.pk, Web: www.bdo.com.pk

A4: Crowe Hussain Chaudhury & Co., 7th Floor, GulMohar Trade Centre (GTC), 8F, Main Market, Gulberg II, Lahore. Tel: +92 (042) 35759223-5, Email: crowe@crowe.pk, Web: www.crowe.pk

A5: EY Ford Rhodes, 6th Floor, Progressive Plaza, Beaumont Road, Karachi. Tel: +92 (021) 111-113-937, Fax: +92 (021) 35681965, E. mail: ey.khi@pk.ey.com, Web: www.ey.com

A6: Grant Thornton Anjum Rahman, 1st & 3rd Floor, Modern Motors House, Beaumont Road, Karachi. Tel: +92 (021) 35672951-56, Fax: +92 (021) 35688834, Email: iafzal@gtpak.com, Web: www.gtpak.com

A7: Ilyas Saeed & Co., A-4, Sea Breeze Homes, Shershah Block, New Garden Town, Lahore. Tel: +92 (042) 35861852, 35868849, Fax: +92 (042) 35856145, Email: info@ilyassaeed.com, Web: www.ilyassaeed.com

A8: KPMG Taseer Hadi & Co., 1st Floor, Sheikh Sultan Trust Building No. 2, Beaumont Road, Karachi. Tel: +92 (021) 35685847, Fax: +92 (021) 35685095, Email: pk-fmkarachi@kpmg.com, Web: www.kpmg.com.pk

A9: Kreston Hyder Bhimji & Co., Suite No. 1601, 16th Floor, Kashif Centre, Main Shahrah-e-Faisal, Karachi. Tel: +92 (021) 35640050-52, Fax: +92 (021) 35640053, Email: smtanvir@krestonhbco.com, Web: www.krestonhb.com

A10: Muniff Ziauddin & Co., F/17/3, Business Executive Centre, Block No. 8, Clifton, Karachi. Tel: +92 (021) 35375127-28, 35872283, Fax: +92 (021) 35820325, Email: info@mzco.com.pk, Web: www.mzco.com.pk

A11: Naveed Zafar Ashfaq Jaffery & Co., 1st Floor, Modern Motors House, Beaumont Road, Karachi. Tel: +92 (021) 111-774-422, 35671909, Fax: (021) 5210626, Email: khi@nzaj.com.pk, Web: www.nzaj.com.pk

A12: Rahman Sarfaraz Rahim Iqbal Rafiq, Rahman Sarfaraz House, 54-P, Gulberg II, Lahore. Tel: +92 (042) 35875965-67, Fax: +92 (042) 35758621, Email: rsrirlhr@gmail.com, Web: www.rsrir.com

A13: Riaz Ahmad & Co., 10-B, Saint Mary Park, Main Boulevard, Gulberg III, Lahore. Tel: +92 (042) 35718137-39, Fax: +92 (042) 35718136, Email: racolhr@racopk.com, Web: www.racopk.com

A14: RSM Avais Hyder Liaquat Nauman, Suite No. 407, Progressive Plaza, Beaumont Road, Karachi. Tel: +92 (021) 35655975-76, Fax: +92 (021) 35655977, Email: lahore@rsmpakistan.pk, Web: www.rsm.global/pakistan

A15: UHY Hassan Naeem & Co., 193-A, Shah Jamal, Lahore. Tel: +92 (042) 35403550-51, 35403588, Fax: +92 (042) 35403599, Email: info@uhy-hnco.com, Web: www.uhy-hnco.com

A16: Yousuf Adil, Cavish Court, A-35, Block 7 & 8, K.C.H.S.U. Shahrah-e-Faisal, Karachi. Tel: +92 (021) 34546494-97, Fax: +92 (021) 34541314, Email: zhmemon@yousufadil.com, Web: www.yousufadil.com

Category ‘B’

B1: Amin Mudassar & Co., 4th Floor, IEP Building, 97-B/D-1, Main Boulevard, Gulberg III, Lahore. Tel: +92 (042) 35717261-62, Fax: +92 (042) 35717263, Email: amclhr1@brain.net.pk

B2: H.A.M.D & Co., 302, Land Mark Plaza, Mohammed Bin Qasim Road, Off I.I Chundrigar Road, Karachi. Tel: +92 (021) 32630651, Email: dawson5152@gmail.com

B3: HLB Ijaz Tabussum & Co., 303, Sawan Road, G-10/1, Islamabad. Tel: +92 (051) 32354801-03, Fax: +92 (051) 32354800, Email: ia@hlbitc.com; admin@hlbitc.com, Web: www.hlbitc.com

B4: IECnet S.K.S.S.S., Suite No. 209, Parsa Tower, PECHS Block 6, Main Shahrah-e-Faisal, Karachi. Tel: +92 (021) 34150811-13, Fax: +92 (021) 34150814, Email: info@iecnet.com.pk, Web: www.iecnet.com.pk

B5: M.R.M.E & Co., 50/2, Lawrence Road, Lahore. Tel: +92 (042) 36370215, 35466618, Fax: +92 (042) 36363614, Email: info@mudassarehtisham.com, Web: www.mudassarehtisham.com

B6: Mushtaq & Co., 407, Commerce Centre, Maulana Hasrat Mohani Road, Karachi. Tel: +92 (021) 32638521-24, Email: mushtaqco@hmiml.com

B7: Nasir Javaid Maqsood Imran, Office No. 807, 8th Floor, Plot No. 11/2, Q.M. House, Ellander Road, Opp. Shaheen Complex, Off. I.I. Chundrigar Road, Karachi. Tel: +92 (021) 32212382-83, 32211515-16, Fax: +92 (021) 32211515, Email: khi@njmi.net, Website: www.njmi.net

B8: Parker Russell - A.J.S., 6-C, 2nd Floor, ST Plaza, Kohinoor Town, College Road, Faisalabad. Tel: +92 (021) 32621701-03, Fax: +92 (021) 32621701, Email: fsd@parkerrussellajs.com.pk, Web: www.parkerrussellajs.com.pk

B9: PKF F.R.A.N.T.S., 16/II, ‘N’ Lane, Commercial Avenue, Phase IV, D.H.A, Karachi. Tel: +92 (021) 35315275, Fax: +92 (021) 35315276, Email: karachi@pkf.com.pk, Website: www.pkf.com.pk

B10: Reanda Haroon Zakaria Aamir Salman Rizwan & Co., M1-M4 & 709-710, Progressive Plaza, Beaumont Road, Karachi. Tel: +92 (021) 35674741-44, Fax: +92 (021) 35674745, Email: info@hzco.com.pk, Web: www.hzco.com.pk

B11: Riaz Ahmad Saqib Gohar & Co., 5-Nasim, C.H.S. Major Nazir Bhatti Road, Off Shaheed-e-Millat Road, Karachi. Tel: +92 (021) 34945427, 34946112, Fax: +92 (021) 34932629, Email: gohar@rasgco.com, Web: www.rasgco.com

B12: ShineWing Hameed Chaudhri & Co., H.M. House No. 07, Bank Square, Off Shahrah-e-Quaid-e-Azam, Lahore. Tel: +92 (042) 37235084-87, Fax: +92 (042) 37235083, Email: lhr@hccpk.com, Website: www.hccpk.com

B13: Suriya Nauman Rehan & Co., House No. 02, Street No. 02, F-7/3, Islamabad. Tel: +92 (051) 32610931-32, Fax: +92 (051) 32610954, Email: nauman@nrcca.pk, Web: www.nrcca.pk

B14: Tariq Abdul Ghani Maqbool & Co., 173-W, Block-2, P.E.C.H.S, Karachi. Phone: +92 (021) 34322582-83, (021) 34322606-07, Fax: +92 (021) 34522492, Email: info@tagm.co, Website: www.tagm.co

B15: Zahid Jamil & Co., 1st Floor, Al-Jamil, 7-Madina Town Ext, Kohinoor Chowk, Off. Jaranwala Road, Faisalabad. Tel: +92 (041) 38725065-68, Fax: +92 (041) 38725070, Email: info@zahidjamilco.com, Web: www.zahidjamilco.com

Category ‘C’

C1: Fazal Mahmood & Co., 147 - Shadman I, Lahore. Tel: +92 (042) 37426771-73, Fax: +92 (042) 37426774, Email: info@fmc.com.pk, Web: www.fmc.com.pk

C2: Feroze Sharif Tariq & Co., 4-N/4, Block No. 06, P.E.C.H.S. Karachi. Tel: +92 (021) 34540891, 34542607, Fax: +92 (021) 34540891, Email: fstc.ca@gmail.com

C3: Ibrahim Shaikh & Co., 259-260 Panorama Centre, Fatima Jinnah Road, Saddar, Karachi. Tel: +92 (021) 35210577, 35671853, Fax: +92 (021) 35676591, Email: ibrahimshaikh41@yahoo.com

C4: Iqbal Yasir & Co., 415, Block-B, Faisal Town, Lahore. Tel: +92 (042) 35218637-40, Email: info@iyk.com.pk, Web: www.iyk.com.pk

C5: J.A.S.B & Associates, 1104, Uni Tower, I.I. Chundrigar Road, Karachi. Tel: +92 (021) 32468154-55, Fax: +92 (021) 32468157, Email: basharat.rasool@jasb-associates.com, Web: www.jasb-associates.com

C6: Junaidy Shoaib Asad, 1/6-P, Block No. 06, P.E.C.H.S, Mohtarma Laeeq Begum Road, Off Shahra-e-Faisal. Karachi. Tel: +92 (021) 34371910-13, Fax: +92 (021) 34371916, Email: info@jsa.com.pk, Web: www.jsa.com.pk

C7: Malik Haroon Ahmad & Co., 25 G, Gulberg II, Lahore. Tel: +92 (42) 35772394-7, Email: info@mhssco.com, Web: www.mhssco.com

C8: Mazars M.F. & Co., 44-C, 3rd Floor, Badar Commercial, Street 10, Phase V, DHA, Karachi. Tel: +92 (021) 35342801-06, Web: www.mazars.pk

C9: Rafaqat Mansha Mohsin Dossani Masoom & Co., Suite No. 113, 3rd Floor, Hafeez Centre, A/34, K.C.H.S, Block No. 07 & 08, Shahrah-e-Faisal, Karachi. Tel: +92 (021) 34392361-62, Fax: +92 (021) 34320693, Email: karachi@mmdk.com.pk, Web: www.mmdk.com.pk

C10: Saeed Kamran & Co., SKP House, 321 Upper Mall, Lahore. Tel: +92 (042) 111-772-000, 35789330-1, Fax: +92 (042) 35789182, Email: info@hyk.com, Web: www.hyk.com.pk

C11: Sarwars, Office No. 12 & 14, 2nd Floor, Lahore Centre, 77-D, Main Boulevard, Gulberg III, Lahore. Tel: +92 (042) 35782920-22, Fax: +92 (042) 35773825, Email: sarwars@sawarsca.com, Web: www.saewarsca.com

C12: S. M. Suhail & Co., Suite No. 1001-1014, 10th Floor, Uni Centre, I.I. Chundrigar Road, Karachi. Tel: +92 (021) 32414057, 32414163, Fax: +92 (021) 32416288, Email: sms@smsco.pk, Web: www.smsco.pk

C13: Uzair Hammad Faisal & Co., 37- Main Gulberg, Lahore. Tel: +92 (042) 35877470, 35879310, Email: faisaljalal@uhf.com.pk, Web: www.uhf.com.pk

Category Description

Category ‘A’: Audit Firms in Category “A” are eligible to conduct audit of all Banks and DFIs.

Category ‘B’: Audit Firms in Category “B” are eligible to conduct audit of Banks and DFIs having assets up to Rupees 100 billion or branches up to 160.

Category ‘C’: Audit Firms in Category “C” are eligible to conduct audit of banks and DFIs having assets up to Rupees 15 billion or branches up to 30.