KARACHI: The State Bank of Pakistan (SBP) has upgraded the status of SM Suhail & Co, Chartered Accountants, on its Panel of Auditors maintained under Section 35(1) of the Banking Companies Ordinance, 1962. In a notification issued on Jan 15, SBP informed that the firm, previously listed in Category ‘C’ of the central bank’s approved panel, has been elevated to Category ‘B’ with immediate effect. With this upgrade, SM Suhail & Co becomes eligible to undertake a wider scope of audit assignments for banks and financial institutions, subject to applicable regulations and SBP guidelines. Copyright Business Recorder, 2026