Dear Sirs,

You will be pleased to learn that Sindh Bank Ltd. wholly owned by Government of Sindh with a paid-up capital of Rs.10(B) will soon start its operations as a fully scheduled commercial bank upon receipt of Banking Licence and Certificate of Commencement for Business from the State Bank of Pakistan. Accordingly, we will be most pleased to have a leading external auditor for our Bank for which we would need following information with regard to your Company for placement of the same in our forthcoming Board Meeting for approval:

1. Date of incorporation and your affiliations.
2. Number of Partners.
3. Total number of qualified Chartered Accountants and other manpower.
4. Separate list of scheduled  commercial banks and other financial  institutions  being handled
    by your firm.
5. Annual fee / remuneration to be charged to us.
6. Any other related information.

We shall appreciate if the above information is provided to us at the earliest but not later than November 30, 2010.

Thanks and regards.

Yours faithfully,

Muhammad Bilal Sheikh
President / CEO

TO: All 'A' Rated External Auditors                                                            November 24, 2010
                                                      Re: Sindh Bank Ltd.