T-ST), 1PAKIST1N STOCK EXCHANGE LIMITED

(formey: Karachi Stock Exchange Limited)

PSXIN-4169 N 0 T I C E July 22, 2016

Reproduced hereunder letter received from THE INSTITUTE OF CHARTERED ACCOUNTANTS OF PAKISTAN, for information of all TREC Holders of the Pakistan Stock Exchange. (Copy of the same is also available on our Website www.psx.com.rk).

CA The Institute of PAKISTAN

Chartered Accountants of Pakistan HEAD OFFICE

ICAP/QAD/000024/36043/201 6-162 July 21, 2016

The General Manager Pakistan Stock Exchange Limited Stock Exchange Building Stock Exchange Road Karachi

LIST OF FIRMS HAVING SATISFACTORY QCR RATINGS

Dear Sir,

Further to our letter No. ICAP/QAD/000024/34264/2016-080 dated April 18, 2016 on the above subject we would like to inform that the firm Rafaqat Mansha Mohsin Dossani Masoom & Co., Chartered Accountants has been removed from the list of firms having satisfactory QCR ratings w.e.f, July 15, 2016.

Updated list of firms having satisfactory QCR ratings is enclosed.

YpIisjr6ly,

/147 Sh Id Huss In, Fd'A Director Quality Assurance

End. As above.

TheDirector, Banking Surveillance Department, State Bank of Pakistan The Director (C%i Securities & Exchange Commission of Pakistan

(Established underthe Chartered Accountants 0rdinanc, 1961 -X of 1961)

Chartered Accountants Avenue, Clifton, Karachi 75600 (Pakistan) Ph(92 21) 111-000-422, Fax 99251626

Webske: www.icap.org.pk, E-mail: info©icap.org.pk

Copy to:

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List of Practicing Firms having Satisfactory QCR Rating (As on July 15, 2016)

Based on our review, nothing has come to our attention that causes us to believe that these firms have not carried out the audit of their clients In accordance with the International Standards on Auditing as adopted In Pakistan,

This opinion has been expressed for the limited purpose of communicating our understanding of the adherence to the professional standards by these firms in conducting the audit of their clients, This does not in any way absolve or reduce the professional responsibility of these firms in expressing their audit opinion on the financial statements of audit clients.

Sr. No. Name of firm 1. A.Azlz Chaudhury & Co. 2. A.D. Akhawala.& Co. 3. A.F. Ferguson & Co. 4. A.M. Laliwala & Co. 5. Abbas & Co. 6. Abdan & Co. 7. Ahmed Mushir & Co. 8. Akhter Mahmood Mian 9. Ale Imran & Co.

10. Amin & Co. 11, Amin Mudassa & Co. 12. Amir Alam Khan & co. 13. Anwar, Tang & Co. 14, Arshad Raheem & Co. 15. Azhar Zafar & Co. 16. Baker Tilly Mehmood Idrees Qamar

17, BDO Ebrahim & Co. 18, Daudally Lalani & Co. 19. Deloitte Yousuf Adil (Formerly M. Yousuf AdlI Saleem & Co.)

"v der

23. (Fazal i1aI,moocI & Co

24. Feroze Shanif Tang &

25. 1 Ghalib & Co. 26 , ..... ...... 27. Grant Thornton Anjum Rahman

28. H.A.M.D. & Co. 29. Hameed Zahld & Co.

30, n......

la

_ .11 JL. jL.

33.Hassan FaroOg Co. ,,

34. HLBIjazTabussum& Co. ,

35. Horwath Hussain Chaudhury & Co. 36, Ibrahim Shaikh & Co. - --- ---- 37. IEcnet S,K.S.SS (Formerly ManzoOrAS!arnSet1 Saleem Shah

38. Ilyas Seed &Co.

39. Ishtiaq Ahmed&Co

40. Izhar & Co. 41, ).A.S.B. & Associates

42, Jalis Ahmad & Co.

43. Javaid Jalal Am ad & Co.

44. Javed & Co.

45. Junaidy Shoalb Asd

Sr. No. Name of firm 46. Kabani & Co. 47. Kaleem & Co. 48. Kamran & Co. 49. Khafld Majid Pehman 50. KPMG l'aseer Had! & Co. 51. Kreston Hyder Bhimji & Co.

52. 1 M. Almas & Co.

511M. Aslam & Co.

54. 1 M. Ather & Co.

55. Magbool Haroon Shahid Safdar & Co. 56. MAZARS M.F. & Co. 57. Moochhala Gangat & Co. 58, Mudassar Ehtlshorn & Co. 59. Muhammad All Hussain & Co. (Formerly Muhammad All SaWer & Co.) 60. Munaf Yusuf & co. 61. Munlff Zlauddlri & Co. 62. 1 Mushtag & Co. 63, Nasir Javald Magsood Imran 64. Naveed Zafar Ashfag Jaffery & Co.

65. Nazlr Chaudhrl & Co.

66, Parker Randall-A.J.S. (Formerly Ahmad Junaid & Co.)

67. PKF F.R,A.N.T.S. (Formerly FR.A.N.T.S. & Co.)

68. Qadeer & Co.

69. Qavi & Co.

70. Rafgat Hussain & Co. 71. Rahman Sarfaraz Rahim Tgbal Rafig

72. Rao & Co.

73. Rashid Khan & Co.

74. Riaz & Co.

75. RiazAhmad & Co.

76, Riaz Ahmed Sagib Gohar & Co.

77. Rlzwan & Co.

78. RSM Avais Hyder Liaguat Naurnar, (Formeiry Aveis Hycler IJaguat Neuman)

79. S. M. Masood & Co.

80, S. M. Rehan & Co.

81. S. M. Suhail & Co.

82, Salman Arshad

83. SarwarAwan &Co.

84. Sarwars

85. Saud Ansarl Safdar & Co.

86. Shekha & Mufti

87. Shine Wing Hameed Chaudhri & Co. (Formerly Hameed Chaudlirl & Co.)

88. Suriya Nauman Rehan & Co. (Formerly Neuman Rafigue & Co.)

89. Tahlr Siddigi & Co. 90. Tanwir Arlf & Co. 91. Tanzeem & Co. 92, Tang Abdul Ghani Magbool &Co. 93. UHY Hassan Naeem & Co. 94. UzairHammad Faisal & Co.

95. Vigar A. Khan & Co. 96. Yagub & Co. 97. Yusaf Saeed & Co. 98. Zaheer Babar & Co. 99. Zahid Jamil & Co.

100. Zakaria Loya & Co.

3c,