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

BPRD Circular Letter No. 01 of 2026 — January 15, 2026

Presidents/ Chief Executives,

All Banks/DFIs /MFBs/ECs

Dear Sirs/Madams,

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

1. Please refer to BPRD Circular Letter No. 23 dated December 04, 2025 on the Panel of Auditors maintained under section 35(1) of Banking Companies Ordinance, 1962.
2. It is informed that the following Chartered Accountant firm listed in Category ‘C’ of SBP’s Panel of Auditors has been upgraded to Category ‘B’ of the panel with immediate effect: S.M. Suhail & Co,
   Chartered Accountants**,**
   Suite No. 1109-1112, 11th Floor,
   Park Avenue, PECHS Block 06,
   Main Shahra-e-Faisal, Karachi.
   Tel: +92 (021) 34314057, +92 (021) 32414163
   Fax: +92 (021) 32416288
   Email: sms@smsco.pk
   Web: www.smsco.pk
3. A copy of the SBP’s updated Panel of Auditors is attached at the Annexure.

Enclosed:

• Annexure

Yours sincerely,

Ghulam Muhammad
Director

---

State Bank of Pakistan’s Panel of Auditors Maintained Under Section 35 (1) of Banking Companies Ordinance, 1962 Sr. No. Details of Chartered Accountant Firms 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, 4 th 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. 2 nd 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, 6 th 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, 1 st & 3 rd 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. 1 st Floor, Sheikh Sultan Trust Building No. 2, Beaumount 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, 16 th 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. 1 st Floor, Modern Motors House, Beaumount 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. 4 th 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, 8 th 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, 2 nd 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. 1 st 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

B16 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 B17 S.M. Suhail & Co, Chartered Accountants, Suite No. 1109-1112, 11th Floor, Park Avenue, PECHS Block 06, Main Shahra-e-Faisal, Karachi. Tel: +92 (021) 34314057, +92 (021) 32414163 Fax: +92 (021) 32416288 Email: sms@smsco.pk Web: www.smsco.pk 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 Malik Haroon Ahmad & Co. 25 G, Gulberg II, Lahore. Tel: +92 (42) 35772394-7 Email: info@mhssco.com Web: www.mhssco.com C7 Mazars M.F. & Co. 44-C, 3 rd Floor, Badar Commercial, Street 10, Phase V, DHA, Karachi. Tel: +92 (021) 35342801-06 Web: www.mazars.pk C8 Rafaqat Mansha Mohsin Dossani Masoom & Co. Suite No. 113, 3 rd 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 C9 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 C10 Sarwars, Office No. 12 & 14, 2 nd 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 C11 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’ Category ‘B’ Category ‘C’ Audit Firms in Category “A” are eligible to conduct audit of all Banks and DFIs 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. 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.