Please refer to the Panel of Auditors circulated vide BSD Circular Letter No.03 dated May 18, 2009.
It has been decided to upgrade the category of M/s Horwath Hussain Chaudhury & Company, Chartered Accountants in the Panel of Auditors of State Bank of Pakistan with immediate effect, as under:

Name & address of the firm	Previous Category	Upgraded Category
M/s Horwath Hussain Chaudhury & Co. Chartered Accountants, 25-E,Main Market, Gulberg 2, Lahore-54660 Tel: 042-5759223-5, 042-111-111-442 Fax. 042-5759226 Email: hhc@horwath.com.pk	“B”	“A”

Other instructions on the subject shall, however, remain unchanged. A copy of the revised Panel is enclosed as Annex-A for your information and record.

Please acknowledge receipt.

Encl: As above