Contents Vision and Mission Statements...02 Corporate Information Directors Report (English)...04 Directors Report (Urdu)...07 Unconsolidated Co

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2 Contents Vision and Mission Statements...02 Corporate Information Directors Report (English)...04 Directors Report (Urdu)...07 Unconsolidated Condensed Interim Statement of Financial Position...13 Unconsolidated Condensed Interim Profit and Loss Account...14 Unconsolidated Condensed Interim Statement of Comprehensive Income...15 Unconsolidated Condensed Interim Cash Flow Statement Unconsolidated Condensed Interim Statement of Changes In Equity Notes to and forming part of the Unconsolidated Condensed Interim Financial Information Consolidated Condensed Interim Statement of Financial Position...41 Consolidated Condensed Interim Profit and Loss Account...42 Consolidated Condensed Interim Statement of Comprehensive Income...43 Consolidated Condensed Interim Cash Flow Statement Consolidated Condensed Interim Statement of Changes In Equity Notes to and forming part of the Consolidated Condensed Interim Financial Statements Branch Network

3 Vision & Mission Statements VISION Our vision is to be a leading bank which would play a positive role to generate economic activities for empowering the people by meeting their financial needs for running a successful business and create employment opportunities. MISSION To develop as a leading Commercial Bank in the country by meeting its stated objectives of promoting economic development of the country in general and in the Province of Sindh in particular. 02

4 Corporate Information Board of Directors Afzal Ghani Syed Hasan Naqvi Mohammad Shahid Murtaza Muhammad Naeem Sahgal Tajammal Husain Bokharee Raja Muhammad Abbas Muhammad Bilal Sheikh Tariq Ahsan Chief Financial Officer Company Secretary Auditors Legal Advisors Shares Registrar Registered/Head Office Chairman/ Independent Director Non Executive Director Non Executive Director Independent Director Independent Director Independent Director Non Executive Director President & CEO Saeed Jamal Tariq Shamsuddin Khan EY Ford Rhodes Chartered Accountants Mohsin Tayebaly & Co Central Depository Company of Pakistan Limited 3rd, Floor Federation House Abdullah Shah Ghazi Road Clifton, Karachi UAN: Fax: Registration Number NTN Number Website 03

5 Directors' Report On behalf of the Board of Directors of Sindh Bank, I am pleased to present the financial results for the nine months ended September 30, Financial highlights of the period are presented below. Financial Highlights Total Deposits increased by 9.2 percent to Rs billion as compared to Rs billion on December 31, Government of Sindh, Finance Department deposits constituted 14.9 percent of the total deposits as compared to 16.7 percent on December 31, Number of customer accounts stood at 459,251 after addition of over 40,797 accounts (i.e. increase of 9.7 percent) during the period. Gross Advances at Rs. 67 billion increased by 19.7 percent over the year-end position at December 31, Investment portfolio (excluding those utilized for Repo borrowings) and comprising mainly of Government Securities recorded a nominal change. Pre-tax profit for the nine months ended September 30, 2017 amounted to Rs.1,869.8 million showing an increase of 5.22 percent over Rs.1,775.8 million earned during the same period last year. Financial information summary is as follows: (Rs. in '000) Balance Sheet As on As on %age Change September 30, 2017 December 31, 2016 Paid up Capital 10,010,130 10,010,130 - Reserves & un-appropriated profits 6,444,242 5,386,723 - Paid up Capital & Reserves 16,454,372 15,396, % Surplus/(deficit) on Revaluation-net of tax (315,238) 134,032 Equity 16,139,134 15,530, % Deposits 129,977, ,022, % Investments (net of repos) 70,279,401 70,290,533 - Gross Advances 66,993,391 55,979, % Profit & Loss Account Nine months ended Nine months ended %age Change September 30, 2017 September 30, 2016 Markup/return/interest earned 8,312,354 7,247,049 Markup/return/interest expensed 4,469,820 4,048,893 Net markup/return/interest income 3,842,534 3,198, % Non-mark-up/non-interest income 1,244,062 3,040, % Capital gains & Dividends 810,880 2,723,716 Fee, Commission & Other Income 433, ,270 Non mark-up/interest expenses 3,141,939 2,867, % Provisions 74,860 1,596,095 Provisions-general 567 1,500,452 Provisions-specific 74,293 95,643 Profit before Tax 1,869,797 1,775, % Profit After Tax 1,057, , % Earnings per share (Rupees) % Other Information As on As on %age Change September 30, 2017 September 30, 2016 Number of Accounts 459, , % Number of Branches % 04

6 Net markup/interest income increased by 20 percent compared to the same period last year. This is a positive reversal of the trend from last year and augurs well for the Bank as it adds to its core income. Non-markup/interest income recorded a decrease of 59 percent mainly due to reduction in gain on sale of investments to Rs million (mainly PIBs) compared to Rs.2, million in the same period last year. Fee and Other income however increased by 36.5 percent over the same period. Economic Review During FY 2016, Pakistan's economy recorded an eight year high GDP growth of 4.7 percent. Figures for FY 2017 show GDP growth at 5.3 percent, a ten year high. Industrial sector witnessed growth of 5.0 percent compared to 5.8 percent in the last fiscal however Large Scale Manufacturing (LSM) posted YOY growth of 5.7 percent against 2.9 percent last year. Agriculture sector achieved its targeted growth of 3.5 percent, much above the growth of 0.3 percent in FY 2016 while Services sector recorded 6.0 percent growth as compared to 5.5 percent last year. Average CPI inflation during FY 2017 stood at 4.2 percent compared to 2.9 percent in FY 2016 which eased to 3.2 percent during July-August FY There has been no change in SBP Policy rate during the period which remains at the all-time low level of 5.75 percent. SBP's projected range for average CPI inflation during FY 2018 is percent. High economic growth is exerting pressure on external sector with the deficit for the first two months of FY 2018 widening to US$ 2.6 billion driven mainly by imports of machinery, metal and petroleum products. During FY 2017, current account deficit of US$ 12.1 billion was registered as exports and workers' remittances declined while imports surged by 17.7 percent, owing mainly to machinery imports both for CPEC and non-cpec energy and infrastructure projects. FX reserves as at end of FY 2017 closed at US$ 21.4 billion, down from US$ 23.1 billion at end of FY These have declined further to US$ 19.8 billion as on September 30, The decline is attributed to Euro Club loan payments, withdrawal of Chinese government deposit with SBP and other external debt servicing. PSX 100 index ended the nine months at 42,409 points, down 11.3 percent over 47,807 points at December 31, Technical correction and political uncertainty in the aftermath of the Panama case court decision appears to have weighed down on the index post June 30, Credit Rating JCR-VIS Credit Rating has maintained the Bank is medium to long term entity rating of 'AA' (Double A) and short term rating of 'A-1+' (A One Plus), with a 'Rating Watch-Developing' status due to the proposed merger of Summit Bank into Sindh Bank and surviving entity being Sindh Bank. IT Initiatives Establishing a robust IT platform has been one of the strategic pillars of the Bank to achieve the key goal of customer convenience and delivery of innovative services. Towards this end, the Bank's Core Banking Software was upgraded with SOA (service-oriented architecture) which will ensure higher availability of system in branches. Further, to facilitate the Bank's increased emphasis in the consumer financing segment, an Auto Loan module has been added to the Core Banking system to improve operating efficiency and ensure efficient service delivery. VISA Debit card in the 'Classic', 'Gold' and 'Platinum' categories have been launched. The card uses EMV (Euro Master Visa) chip technology making it more secure. PayPak Debit Card in 'Classic' and 'Gold' categories have also been launched. PayPak is Pakistan's first ever domestic payments card which will facilitate local vendors and customers by virtue of lower merchant and issuance fees, besides the savings in the Country's foreign exchange. Debit cards issued by the bank now total 235,877 which include cards issued for BISP, ZAKAT, VISA, UnionPay and PayPak. 05

7 14 ATMs were added to the Bank's network during the nine months which totaled 239 at September 30, The Bank is undertaking an exercise to upgrade its ATMs with Windows 7 operating system and to accept EMV Chip card, improving their security features. More than 170,412 customers are enjoying Sindh Bank's state of the art, SMS banking services. Sindh Bank is ranked 9th amongst Institutions providing utility bill collection services out of a total of 35 participating institutions. Sindh Microfinance Bank Limited Sindh Microfinance Bank Limited (SMFB), a wholly owned subsidiary of Sindh Bank Limited, started its microfinance operations in May 2016 with an aim to promote self-sufficiency and economic development among people especially women who do not have access to the traditional financial services. As a rare example in Microfinance sector, from the very first month of its operations, SMFB has been running a profitable operation with capital and reserves of Rs million as at September 30, In accordance with its mid-term plan, SMFB is focusing on its flagship loan product branded as 'SUJAG AURAT' (which means 'Visionary Woman') which is designed exclusively for women empowerment. However, another product namely "Fisheries Loan" in the category of non-farm Agri loan was also launched in early With cumulative loan disbursements of over Rs. 373 million, the total outstanding loans as of September 30, 2017 stood at Rs million to 17,360 female borrowers. Due to strict risk control measures, there were no NPLs/Over-dues outstanding as on September 30, SMFB has Eight (8) functional branches and Thirty One (31) micro-credit centers, mostly in rural and far-flung parts of Sindh, like Mithi, Islamkot, Umarkot, Golarchi, Kunri, Digri, Mirpur Sakro, and other similar areas. SMFB plans to add two more branches (one each in Sakrand & Shahdadpur) and 9 micro-credit centers in various towns of Sindh taking the tally to 10 branches and 40 micro-credit centers by the end of this year. Future Outlook Going forward, the global forecasts project a positive outlook with both growth and international trade picking up in FY18. Based on this assessment coupled with positive domestic policy measures, Pakistan's exports are expected to post gains. Imports on the other hand, albeit at a slower pace, are also expected to grow in line with continuation of CPEC related activities and improving economic growth. The process of potential amalgamation/merger of Summit Bank into Sindh Bank is on track and subject to required corporate and regulatory approvals is expected to be completed during this quarter. The Bank continues to pursue a comprehensive strategy for increasing business, net Interest/markup margins and fee based income and improving profitability of established branches. 40 branches are planned to be opened before end of December 2017 in any case, thereby expanding the Bank's network to 300 online branches. Acknowledgements On behalf of the Board of Directors, I would like to sincerely thank the regulators, shareholders and customers for their continued guidance, support and confidence reposed in the Bank and its Management. My thanks to the staff of Sindh Bank whose team spirit, hard work and commitment has enabled the Bank to achieve excellent results in a short span of about 6 years. I am hopeful that they will continue to serve the Bank with the same zeal and spirit. On behalf of the Board of Directors Tariq Ahsan President/CEO Karachi, October 17,

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14 Unconsolidated Condensed Interim Statement of Financial Position as at September 30, 2017 ASSETS Note September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees in 000) Cash and balances with treasury banks 6 7,818,916 7,500,675 Balances with other banks 7 1,037, ,478 Lendings to financial institutions 8 2,359,867 6,938,610 Investments - net 9 97,732,251 71,539,737 Advances - net 10 62,772,140 51,833,182 Operating fixed assets 11 1,615,573 1,825,483 Deferred tax assets - net 1,473,502 1,190,485 Other assets 12 3,354,299 4,735, ,163, ,355,373 LIABILITIES Bills payable 893, ,212 Borrowings from financial institutions 13 29,262,032 8,910,738 Deposits and other accounts ,977, ,022,240 Sub-ordinated loans - - Liabilities against assets subject to finance lease - - Deferred tax liability - - Other liabilities 15 1,891,232 2,177, ,024, ,824,488 NET ASSETS 16,139,134 15,530,885 REPRESENTED BY: Share capital 16 10,010,130 10,010,130 Reserves 1,412,316 1,200,812 Unappropriated profit 5,031,926 4,185,911 16,454,372 15,396,853 (Deficit)/Surplus on revaluation of assets - net of tax 17 (315,238) 134,032 CONTINGENCIES AND COMMITMENTS 18 16,139,134 15,530,885 The annexed notes from 1 to 30 form an integral part of this unconsolidated condensed interim financial information. President & Chief Executive Officer Chairman Director Director 13

15 Unconsolidated Condensed Interim Profit and Loss Account (Un-audited) For the Nine months and Quarter ended September 30, 2017 Nine months ended Quarter ended September 30, September 30, September 30, September 30, Note (Rupees in 000) Mark-up / return / interest earned 19 8,312,354 7,247,049 3,012,473 2,326,184 Mark-up / return / interest expensed 20 4,469,820 4,048,893 1,649,806 1,206,116 Net mark-up / return / interest income 3,842,534 3,198,156 1,362,667 1,120,068 Provision against non-performing loans and advances ,293 95,643 4,353 3,354 Provision against advances - general - 1,500, ,000 Provision against consumer and small enterprise advances Provision for diminution in the value of investments Bad debts written off directly ,860 1,596,095 4, ,617 Net mark-up / return / interest income after provisions 3,767,674 1,602,061 1,358, ,451 NON MARK-UP / INTEREST INCOME Fee, commission and brokerage income 337, ,285 87,600 69,394 Dividend income 110, ,433 26,753 44,632 Income from dealing in foreign currencies 87,185 42,123 42,255 12,114 Gain on sale / redemption of securities - net 699,991 2,616, ,925 Unrealised gain on revaluation of investments classified as held-for-trading Other income 8,310 3, ,383 Total non mark-up / interest income 1,244,062 3,040, , ,448 5,011,736 4,643,047 1,516,064 1,530,899 NON MARK-UP / INTEREST EXPENSES Administrative expenses 21 3,141,871 2,866,756 1,046, ,803 Other provisions / write-offs Other charges Total non mark-up / interest expenses 3,141,939 2,867,271 1,046, ,295 1,869,797 1,775, , ,604 Extraordinary / unusual items PROFIT BEFORE TAXATION 1,869,797 1,775, , ,604 Taxation - Current 693,043 1,174, , ,762 - Prior years 160, , Deferred (41,101) (550,245) (12,204) (182,398) 812, , , ,364 PROFIT AFTER TAXATION 1,057, , , ,240 Basic and diluted earnings per share (Rupee) The annexed notes from 1 to 30 form an integral part of this unconsolidated condensed interim financial information. 14 President & Chief Executive Officer Chairman Director Director

16 Unconsolidated Condensed Interim Statement of Comprehensive Income (Un-audited) For the Nine months and Quarter ended September 30, 2017 Profit after taxation for the period 1,057, , , ,240 Other comprehensive income Components of comprehensive income reflected in equity Items that will be reclassified subsequently to profit and loss account Items that will not be reclassified subsequently to profit and loss account Total comprehensive income for the period transferred to equity 1,057, , , ,240 Components of comprehensive income reflected below equity Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 Quarter ended September 30, (Rupees in 000) Items that will be reclassified subsequently to profit and loss account : (Deficit) / Surplus on revaluation of investments (691,184) 1,026,324 (1,011,608) (426,592) Related tax effects 241,914 (359,213) 354, ,308 (449,270) 667,111 (657,545) (277,284) Total comprehensive income 608,249 1,634,270 (352,467) 84,956 The annexed notes from 1 to 30 form an integral part of this unconsolidated condensed interim financial information. President & Chief Executive Officer Chairman Director Director 15

17 Unconsolidated Condensed Interim Statement of Cash Flows (Un-audited) For the Nine months ended September 30, 2017 September September 30, , 2016 Note (Rupees in 000) CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation 1,869,797 1,775,776 Less: Dividend income (110,889) (107,433) 1,758,908 1,668,343 Adjustments for: Depreciation 267, ,372 Amortization 22,052 23,192 Provision against non-performing advances - net 74,293 95,643 Provision against advances - general - 1,500,000 Provision against consumer & small enterprise advances Gain on disposal of operating fixed assets (2,934) (798) 361,076 1,899,861 2,119,984 3,568,204 (Increase) / decrease in operating assets Lendings to financial institutions 4,578,743 56,607 Advances - net (11,013,818) (5,052,567) Other assets (excluding advance taxation) 1,407,584 1,131,436 (5,027,491) (3,864,524) Increase / (decrease) in operating liabilities Bills payable 179, ,323 Borrowings 20,351,294 (20,094,248) Deposits and other accounts 10,955,547 18,680,135 Other liabilities (excluding current taxation) (430,470) (368,724) 31,055,861 (1,560,514) 28,148,354 (1,856,834) Income tax paid (708,976) (1,291,565) Net cash flows generated from / (used in) operating activities 27,439,378 (3,148,399) CASH FLOWS FROM INVESTING ACTIVITIES Net investment in available-for-sale securities (16,914,090) 3,620,454 Net investment in held-to-maturity securities (9,969,609) 339,831 Dividend income received 84, ,433 Investment in operating fixed assets (80,980) (249,678) Sale proceeds from disposal of operating fixed assets 4,674 12,663 Net cash flows (used in) / generated from investing activities (26,875,276) 3,830,703 CASH FLOWS FROM FINANCING ACTIVITIES Issuance of share capital - 10,181 Increase in cash and cash equivalents 564, ,485 Cash and cash equivalents at beginning of the period 8,292,153 6,383,687 Cash and cash equivalents at end of the period 24 8,856,255 7,076,172 The annexed notes from 1 to 30 form an integral part of this unconsolidated condensed interim financial information. 16 President & Chief Executive Officer Chairman Director Director

18 Unconsolidated Condensed Interim Statement of Changes in Equity (Un-audited) For the Nine months ended September 30, 2017 Share capital Share Premium Reserves Capital Statutory Reserve * Revenue Unappropriated Profit** (Rupees in 000) Total Balance as at 1 January ,000, ,596 3,076,915 13,999,511 Comprehensive Income Profit after taxation for the nine months ended September 30, , ,159 Other comprehensive income , ,159 Transfers Transfer to statutory reserve - 193,432 (193,432) - Shares issued during the period under pre-ipo 10, ,181 Balance as at September 30, ,010, ,116,028 3,850,642 14,976,851 Comprehensive Income Profit after taxation for the three months ended 31 December , ,667 Other comprehensive loss (3,665) (3,665) , ,002 Transfers Transfer to statutory reserve ,733 (84,733) - Balance as at 31 December ,010, ,200,761 4,185,911 15,396,853 Comprehensive Income Profit after taxation for the nine months ended September 30, ,057,519 1,057,519 Other Comprehensive income ,057,519 1,057,519 Transfers Transfer to statutory reserve ,504 (211,504) - Balance as at September 30, ,010, ,412,265 5,031,926 16,454,372 * Statutory reserve represents amount set aside as per the requirements of section 21 of the Banking Companies Ordinance, ** As more fully explained in note 10.3 of this unconsolidated condensed interim financial information, unappropriated profit includes an amount of Rs.1, million net of tax as at September 30, 2017 (December 31, 2016: Rs million) representing additional profit arising from availing forced sale value benefit for determining provisioning requirement which is not available for the purpose of distribution of dividend to shareholders. The annexed notes from 1 to 30 form an integral part of this unconsolidated condensed interim financial information. President & Chief Executive Officer Chairman Director Director 17

19 Notes to and forming part of the Unconsolidated Condensed Interim Financial Information (Un-audited) For the Nine months ended September 30, STATUS AND NATURE OF BUSINESS 1.1 Sindh Bank Limited (the Bank) was incorporated in Pakistan on October 29, 2010 as a public unlisted company and is engaged in Commercial Banking, Corporate and Investment related activities. The Bank operates 260 branches (December 31, 2016: 260) including 8 sub branches (December 31, 2016: 8) and 14 Islamic banking branches (December 31, 2016: 14) in Pakistan. The Bank's registered office is situated at 3rd floor, Federation House, Abdullah Shah Ghazi Road, Clifton, Karachi, Pakistan. 1.2 The Government of Sindh, through its Finance Department owns 99.9% ordinary shares of the Bank. 1.3 JCR VIS Credit Rating Company Limited has reaffirmed the Bank's medium to long term entity rating of AA (Double A) with a 'Rating Watch-Developing' status and short term rating of A-1+ (A-One plus). 2. STATEMENT OF COMPLIANCE 2.1 This condensed interim unconsolidated financial information of the Bank for the period ended September 30, 2017 has been prepared in accordance with the requirements of the International Accounting Standard 34 - Interim Financial Reporting (IFRS) issued by the International Accounting Standards Board and Islamic Financial Accounting Standards (IFASs) issued by the Institute of Chartered Accountants of Pakistan as are notified under the Companies Ordinance, 1984 (repealed - note 2.2), provisions of the Companies Ordinance, 1984 (repealed - note 2.2), the Banking Companies Ordinance, 1962 and directives issued by the Securities and Exchange Commission of Pakistan (SECP) and the SBP. In case where the requirements differ with the requirements of IFRS or IFAS, the requirements of the Companies Ordinance, 1984 (repealed - note 2.2), the Banking Companies Ordinance, 1962 or the requirements of the said directives shall prevail. 2.2 During the period, the Companies Act, 2017 (the Act) has been promulgated, however, SECP vide its Circular No. 23 dated October 04, 2017, read with its press release of the same date, allowed the companies whose financial year / interim period closes on or before December 31, 2017 to prepare their financial statements in accordance with the provisions of the repealed Companies Ordinance, The Act does not affect the unconsolidated condensed interim financial information for the period ended September 30, The SBP vide BSD Circular letter No.10, dated August 26, 2002 has deferred the applicability of IAS 39, 'Financial Instruments: Recognition and Measurement' and IAS 40, 'Investment Property' for banking companies till further instructions. Further, according to the notification of the SECP issued vide SRO 411(I)/2008 dated April 28, 2008, International Financial Reporting Standard (IFRS) 7, 'Financial Instruments: Disclosures' has not been made applicable for banks. Accordingly, the requirements of these standards have not been considered in the preparation of this unconsolidated condensed interim financial information. However, investments have been classified and valued in accordance with the requirements of various circulars issued by the SBP. Further, segment information is being disclosed in accordance with SBP s prescribed format as per BSD circular 4 dated February 17, 2006 which prevails over the requirements specified in IFRS The disclosures made in this unconsolidated condensed interim financial information have been limited based on the format prescribed by the SBP vide BSD Circular Letter No.2, dated May 12, 2004, and IAS 34 'Interim Financial Reporting'. They do not include all the disclosures required for annual financial statements and this unconsolidated condensed interim financial information should be read in conjunction with the unconsolidated financial statements of the Bank for the year ended 31 December 2016.

20 2.5 This unconsolidated condensed interim financial information represents the separate condensed interim financial information of the Bank. The consolidated condensed interim financial information of the Bank and its subsidiary company is presented separately. 3. BASIS OF MEASUREMENT 3.1 This unconsolidated condensed interim financial information has been prepared under the historical cost convention except for certain investments, commitments in respect of foreign exchange contracts and futures contracts which are measured at fair values and certain employee benefits which are measured on present value basis. Items included in this unconsolidated condensed interim financial information are measured using the currency of the Bank's primary economic environment which is Pakistani Rupees and it is the Bank's functional and presentation currency. 4. SIGNIFICANT ACCOUNTING POLICIES AND FINANCIAL RISK MANAGEMENT 4.1 The accounting policies adopted in the preparation of this unconsolidated condensed interim financial information are the same as those applied in the preparation of the annual financial statements of the Bank for the year ended 31 December 2016 other than those if any disclosed below. 4.2 New, amended and revised Standards and Interpretations of IFRSs The Bank has adopted the following standards and amendment to IFRSs which became effective for the current period: Standard or Interpretation IAS 12 Income Taxes Recognition of Deferred Tax Assets for Unrealized losses (Amendments) The adoption of the above amendments to the accounting standard did not have any effect on the unconsolidated condensed interim financial information. 4.3 The financial risk management objectives and policies are consistent with those disclosed in the annual financial statements of the Bank for the year ended December 31, ACCOUNTING ESTIMATES AND JUDGEMENTS The accounting estimates and associated assumptions used in the preparation of this unconsolidated condensed interim financial information are consistent with those applied in the preparation of the annual financial statements of the Bank for the year ended December 31,

21 September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) CASH AND BALANCES WITH TREASURY BANKS Cash in hand Local currency 6.1 2,238,912 1,873,000 Foreign currency 112,745 77,766 2,351,657 1,950,766 With State Bank of Pakistan in Local currency current account 6.2 4,722,066 4,510,387 Foreign currency current account ,257 5,156 Foreign currency deposit account - Non Remunerative ,421 62,289 - Remunerative , ,666 5,053,380 4,746,498 With National Bank of Pakistan in Local currency current account 401, ,674 Local currency PLS account 12,307 16, , ,411 7,818,916 7,500, This includes National Prize Bonds of Rs.2.20 million (December 31, 2016 : Rs.1.03 million). 6.2 This represents cash reserve required to be maintained with SBP as per the requirement of Section 22 of the Banking Companies Ordinance, This represents US Dollar Settlement Account maintained with SBP. 6.4 This represents foreign currency cash reserve maintained with SBP, presently equivalent to at least 5% (December 31, 2016: 5%) of the Bank's foreign currency deposits mobilised under the FE-25 scheme. 6.5 This represents foreign currency special cash reserve maintained with SBP. The Bank is entitled to earn profit which is declared by SBP on a monthly basis. During the period, SBP has declared profits in the range of 0.06% to 0.23% (December 31, 2016: nil) per annum. 20

22 September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) BALANCES WITH OTHER BANKS In Pakistan Current account 6,010 15,016 Savings accounts ,871 90,746 Term deposit accounts , ,000 Outside Pakistan Current account 722, ,716 1,037, , This represents savings deposits with commercial banks carrying profit at the rate of 3.75% (December 31, 2016: 3.75%) per annum. 7.2 This represents term deposit account with a commercial bank carrying mark-up at the rate of 6.76% (December 31, 2016: 6.95%) per annum. 8. LENDINGS TO FINANCIAL INSTITUTIONS September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) Bai Muajjal ,867 - Call money lending 8.2 2,000,000 2,000,000 Repurchase agreement lending (reverse repo) - 4,938,610 2,359,867 6,938, This represents outright purchase of Governemnt Ijarah Sukuk from SBP on deferred payment basis (Bai-Muajjal), on June 21, 2017, at a return of 5.27% (December 31, 2016: nil) per annum. The deal has a maturity date of June 21, This represents lending to commercial banks carrying mark-up at 6.00% per annum (December 31, 2016 : 6.10%) 21

23 9. INVESTMENTS - net 9.1 INVESTMENT BY TYPES September 30, 2017 (Un-audited) December 31, 2016 (Audited) Held by Given as Held by Given as Total Bank collateral Bank collateral (Rupees 000) Total Available-for-sale securities Pakistan investment bonds 24,724,058 14,163,995 38,888,053 49,193,663-49,193,663 Market treasury bills 21,553,088 13,592,863 35,145,951 8,233,454 1,249,209 9,482,663 Fully paid ordinary shares - Listed 3,110,667-3,110,667 2,235,424-2,235,424 Term finance certificates - Listed 99,860-99,860 99,880-99,880 Term finance certificates - Unlisted 6,246-6,246 12,527-12,527 Units of mutual funds 613, , , ,533 Islamic funds REIT 99,000-99,000 99,000-99,000 Ijarah sukuk bonds (Government of Pakistan) 953, , , ,000 Sukuk certificates 416, , , ,143 51,576,065 27,756,858 79,332,923 61,169,624 1,249,209 62,418,833 Held-to-maturity securities Pakistan investment bonds 16,851,829-16,851,829 7,458,429-7,458,429 Ijarah sukuk bonds (Government of Pakistan) , ,729 Preference shares - Listed 249, , , ,961 Preference shares - Unlisted 61,305-61, Term finance certificates - Listed 224, , , ,392 Term finance certificates - Unlisted 754, , ,142,120-18,142,120 8,172,511-8,172,511 Investment in subsidiary Fully paid ordinary shares - Unlisted 750, , , ,000 Total Investments at cost 70,468,185 27,756,858 98,225,043 70,092,135 1,249,209 71,341,344 Less : Provision for diminution in value of Investments (7,810) - (7,810)(7,810) - (7,810) Investments (net of provisions) 70,460,375 27,756,858 98,217,233 70,084,325 1,249,209 71,333,534 (Deficit) / Surplus on revaluation of available-for-sale securities (180,974) (304,008) (484,982) 206,208 (5) 206,203 Total investments 70,279,401 27,452,850 97,732,251 70,290,533 1,249,204 71,539,737 September 30, December 31, (Un-audited) (Audited) 9.2 Investments by segments: Federal government securities (Rupees 000) Pakistan investment bonds 55,739,882 56,652,092 Market treasury bills 35,145,951 9,482,663 Ijarah sukuk bonds (Government of Pakistan) 953, ,729 Sukuk certificates 273, ,572 92,112,629 66,878,056 Fully paid ordinary shares Listed companies 3,110,667 2,235, Preference shares Listed companies 249, ,961 Unlisted companies 61, , ,961 Term Finance Certificates Listed 324, ,272 Unlisted 760,932 12,527 1,085, ,799 Investment in subsidiary (ordinary shares) - unlisted 750, ,000

24 September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) Other investments Units of mutual funds 613, ,533 Islamic funds REIT 99,000 99,000 Sukuk certificates 142, , , ,104 Total investments at cost 98,225,043 71,341,344 Less: Provision for diminution in value of investments (7,810) (7,810) Investments (net of provisions) 98,217,233 71,333,534 (Deficit) / surplus on revaluation of available-for-sale securities (484,982) 206,203 Total Investments at revalued amount 97,732,251 71,539, ADVANCES - net Loans, cash credits, agriculture, running finances etc. In Pakistan 52,489,691 47,168,443 Commodity finance In Pakistan ,552,078 6,245,905 Islamic financing and related assets Diminishing Musharakah 2,160,410 2,075,944 Ijarah under IFAS 2 92,532 74,647 66,294,711 55,564,939 Bills discounted and purchased (excluding market treasury bills) Payable in Pakistan 692, ,430 Payable outside Pakistan 5,907 10, , ,634 Advances - gross 66,993,391 55,979,573 Provisions General provision against advances (4,000,000) (4,000,000) General provision against consumer & small enterprise advances (3,924) (3,357) Specific provision against non performing advances 10.2 (217,327) (143,034) 10.4 (4,221,251) (4,146,391) 62,772,140 51,833, This represents commodity financing provided to Food Department, Government of Sindh, in syndication with other commercial banks. 23

25 10.2 Advances include Rs.2, million (December 31, 2016: Rs.1, million) which have been placed under non-performing status as detailed below: Note Category of Classification (Rupees 000) Other Assets Especially Mentioned (OAEM) , , Substandard 67,285-67,285 3,182 3,182 Doubtful 1,006,081-1,006,081 6,189 6,189 Loss 1,479,089-1,479, , ,956 2,682,637-2,682, , , This represents non-performing portfolio of agricultural and small and medium enterprise financing classified as OAEM as per requirements of the Prudential Regulations for Agriculture and Small and Medium Enterprise Financing issued by the State Bank of Pakistan (SBP) The Bank has availed the benefit of Forced Sale Value (FSV) on plant and machinery under charge and mortgaged residential and commercial properties (land and building only) held as collateral against nonperforming advances on the basis of instructions of SBP. Had the benefit not been taken by the Bank, specific provision against non-performing advances would have been higher by Rs.1, million (December 31, 2016: Rs million). The resultant increase in profit due to FSV benefit taken will not be available for distribution as cash and stock dividend to shareholders Particulars of provision against non-performing advances September 30, 2017 (Un-audited) Classified Advances Provision Domestic Overseas Total Required December 31, 2016 (Audited) Classified Advances Domestic Overseas Total Provision Required Provision Held Provision Held Category of Classification (Rupees 000) Other Assets Especially Mentioned (OAEM) 77,514-77, Substandard 727, ,957 4,878 4,878 Doubtful 139, ,090 20,291 20,291 Loss 624, , , ,865 1,569,375-1,569, , ,034 September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note Specific General Total Specific General Total (Rupees 000) Opening balance 143,034 4,003,357 4,146,391 37,420 2,501,523 2,538,943 Charge for the period / year - Specific provision 83,128-83, , ,614 - General provision ,500,000 1,500,000 - General provision against consumer & small enterprises advances ,834 1,834 Reversals (8,835) - (8,835) Net Charge for the period / year 74, , ,614 1,501,834 1,607,448 Amount written off Closing balance 217,327 4,003,924 4,221, ,034 4,003,357 4,146,391 24

26 In line with prudent policies, the Bank has made a general provision against the risk inherent in the advances portfolio. This general provision is in addition to the requirements of the Prudential Regulations General provision against consumer loans represents provision maintained at an amount equal to 1% of the fully secured performing portfolio and 4% of the unsecured performing portfolio as required by the Prudential Regulations issued by SBP. General provision against Small Enterprises financing represents provision maintained at an amount equal to 1% of the fully secured performing portfolio as required by the Prudential Regulations issued by SBP. 11. OPERATING FIXED ASSETS September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) Capital work-in-progress ,619 31,064 Property and equipment 1,516,538 1,728,128 Intangible assets 66,416 66,291 1,615,573 1,825, This represents advance payment for purchase of furniture and fixture, office equipment and vehicles. 12. OTHER ASSETS Accrued income on bank deposits, investments, placements and advances 2,782,633 3,218,063 Accrued commission income 36, Advances, deposits, advance rent and other prepayments 335, ,393 Advance against shares and term finance certificates - 608,183 Receivable against sale of shares - 369,716 Stationery and stamps on hand 10,872 12,359 Dividend receivable 26, Receivable against 1 Link ATM settlement account 95, ,379 Insurance claims receivable ,829 48,472 Other receivables 17,031 10,168 3,354,299 4,735, Insurance claims receivable Insurance claim receivable against agriculture loans 47,772 45,166 Other insurance claims receivable 1,057 3,306 48,829 48,472 25

27 September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) BORROWINGS FROM FINANCIAL INSTITUTIONS Secured Borrowings from State Bank of Pakistan under - export refinance scheme 829,046 1,081,500 Repurchase agreement borrowings - State Bank of Pakistan 9,166, Commercial Bank / DFIs 9,108,622 6,187,415 18,274,926 6,187,415 Call borrowings 8,499,012 - Unsecured Call / clean borrowings 1,659,048 1,641,823 29,262,032 8,910, DEPOSITS AND OTHER ACCOUNTS September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) Customers Fixed deposits 36,083,771 33,787,351 Savings deposits 50,351,986 44,489,694 Current accounts - non-remunerative 35,049,697 31,360,250 Margin and other accounts - non-remunerative 1,141, , ,627, ,437,221 Financial Institutions Remunerative deposits 7,230,257 8,454,596 Non-remunerative deposits 120, ,423 7,350,606 8,585, ,977, ,022, Break-up of deposits Local currency 128,635, ,854,636 Foreign currency 1,341,981 1,167, ,977, ,022,240 26

28 September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) OTHER LIABILITIES Mark-up / return / interest payable in local currency 1,015,125 1,173,337 Mark-up / return / interest payable in foreign currency 2,794 5,041 Net defined benefit liability 46,273 50,481 Provision for compensated absences 164, ,612 Payable against forward forex revaluation - net 7,533 45,039 Accrued expenses 200, ,585 Payable against purchase of operating fixed assets 15,716 45,892 Payable against purchase of shares - 393,307 Retention money 49,747 60,459 Federal excise duty / sales tax on services payable 2,906 4,617 Provision for taxation - net 177,281 32,878 Withholding tax payable 28,755 8,866 Other payables 180, ,184 1,891,232 2,177, SHARE CAPITAL 16.1 Authorised Capital September 30, 2017 (Un-audited) December 31, 2016 (Audited) Number of shares September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) ,200,000,000 1,200,000,000 Ordinary shares of Rs. 10/- each 12,000,000 12,000, Issued, subscribed and paid-up capital Ordinary shares of Rs. 10/- each 1,001,013,000 1,001,013,000 Fully paid in cash (note 16.3) 10,010,130 10,010, Included herein are 1,013,000 shares that have been issued under pre-ipo arrangement at Rs per share (including share premium of Rs.0.05 per share) to the Directors and employees of the Bank and its related concerns. Under Rule 4(vi) of the Companies (Issuance of Capital) Rules, 1996, these Pre-IPO shares shall not be transferable for a period of six months from the date of closing of public subscription of public offering of the Bank's shares The Government of Sindh, through its Finance Department, owns 99.9% ordinary shares of the Bank. 27

29 17. (DEFICIT)/SURPLUS ON REVALUATION OF ASSETS - NET OF RELATED DEFERRED TAX September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) Available-for-sale securities Federal government securities 256, ,177 Ordinary shares - listed (677,906) (147,175) Units of mutual funds (75,839) 21,272 Sukuk certificates 11,731 11,693 Term Finance Certificates 518 1,236 (484,981) 206,203 Related deferred taxation 169,743 (72,171) (315,238) 134, CONTINGENCIES AND COMMITMENTS 18.1 Direct credit substitutes Includes general guarantees of indebtedness in favour of : i) Government 2,003,490 2,479,754 ii) Banking companies and other financial institutions 1,739, ,618 iii) Other guarantees 1,605, ,659 5,348,469 3,602, Trade related contingent liabilities 6,211,716 4,953, Transaction related contingent liabilities 536, , Commitments in respect of forward exchange contracts - Purchase 17,758,968 7,407,583 - Sale 17,469,117 6,960, Commitments in respect of repo/call money transactions - Sale and repurchase agreements 18,280,695 6,191,349 - Purchase and resale agreements - 4,941, Other commitments - Against purchase of shares - 23,591 28

30 19. MARK-UP / RETURN / INTEREST EARNED For the nine months ended September September 30, , (Un-audited) (Rupees 000) On loans and advances to: - Customers 3,423,381 2,901,032 On investments in: - Available-for-sale securities 3,346,879 3,503,134 - Held-to-maturity securities 1,356, ,313 On deposits with financial institutions 18,795 27,819 On securities purchased under resale agreements 100,447 47,790 On call / clean lendings 66,590 17,961 8,312,354 7,247, MARK-UP / RETURN / INTEREST EXPENSED Deposits 3,911,365 3,090,112 Securities sold under repurchase agreements 366, ,728 Other short-term borrowings 192, ,053 4,469,820 4,048, ADMINISTRATIVE EXPENSES Salaries, allowances and benefits 1,480,589 1,293,806 Contribution to defined contribution plan 43,851 37,861 Contribution to defined benefit plan 46,171 38,129 Non Executive directors' fee 16,900 6,625 Rent, taxes, insurance, electricity, etc. 595, ,781 Legal and professional 21,211 7,680 Communication expenses 83, ,675 Repairs and maintenance 153, ,137 Stationery and printing 58,841 51,285 Security services 187, ,450 Advertisement and publicity 52,358 42,184 Amortization of intangible assets 22,052 23,192 Depreciation on operating fixed assets 267, ,372 Auditors' remuneration 5,969 5,206 Travelling and conveyance 14,565 15,515 Brokerage and commission 6,279 8,277 Fees and subscription 40,527 34,948 Entertainment 24,559 23,474 Miscellaneous expenses 20,236 18,159 3,141,871 2,866,756 29

31 22. OTHER CHARGES For the nine months ended September September 30, , (Un-audited) (Rupees 000) Penalty imposed by SBP BASIC AND DILUTED EARNINGS PER SHARE (RUPEES) Profit after tax for the period 1,057, ,159 Weighted average number of ordinary shares 1,001,013,000 1,000,107, (Rupees ) Earnings per share - Basic and Diluted CASH AND CASH EQUIVALENTS Number of shares Cash and balances with treasury banks 7,818,916 6,093,093 Balances with other banks 1,037, ,079 8,856,255 7,076, SEGMENT DETAILS WITH RESPECT TO BUSINESS ACTIVITIES In the present structure, the bank has defined its key business areas in various segments in a manner that each segment becomes a distinguishable component of the bank that is engaged either in providing products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of other segments. The business segments within the bank have been broadly categorized into the following classifications in accordance with the requirements of the State Bank of Pakistan. (a)business segments Corporate Finance This includes investment banking activities such as mergers and acquisitions, underwriting, privatization, securitization, Initial Public Offerings (IPOs) and secondary private placements. Trading and sales This includes fixed income, equities, foreign exchanges, commodities, credit, funding, own position securities, lending and repos, brokerage debt and prime brokerage. Retail banking Retail banking includes mortgage finance and consumer loans. Commercial Banking This includes loans, deposits and other transactions with corporate and other customers. (b)geographical Segments The Bank operates only in Pakistan. 30

32 Based on the above structure, the segment information for the period ended September 30, 2017 is given below: Nine months ended September 30, 2017 (Un-audited) Trading and sales Retail banking Corporate finance Commercial banking Total (Rupees in '000) Total income 5,761,570 1,285-3,793,561 9,556,416 Inter segment revenue - net (5,053,809) - - 5,053,809 - Total income - net 707,761 1,285-8,847,370 9,556,416 Total expenses (653,555) (864) - (7,032,200)(7,686,619) Net income before tax 54, ,815,170 1,869,797 Segment assets (Gross) 106,820,508 19,404-75,553, ,392,948 Segment non performing advances ,682,637 2,682,637 Segment provision held - 3, , ,251 Segment liabilities 28,600, ,423, ,024,753 Nine months ended September 30, 2016 (Un-audited) Trading and sales Retail banking Corporate finance Commercial banking Total (Rupees in '000) Total income 7,076, ,211,624 10,288,035 Inter segment revenue - net (1,981,981) - - 1,981,981 - Total income - net 5,094, ,193,605 10,288,035 Total expenses (1,043,826) - - (7,468,433) (8,512,259) Net income / (loss) before tax 4,050, (2,274,828) 1,775,776 Segment assets (Gross) (December 31, 2016) 86,423, ,086, ,509,574 Segment non performing advances (December 31, 2016) ,569,375 1,569,375 Segment provision held (December 31, 2016) - 3, , ,034 Segment liabilities (December 31, 2016) 8,325, ,498, ,824, RELATED PARTY TRANSACTIONS The related parties of the Bank comprise associated undertakings, major shareholders, directors, staff retirement funds and key management personnel (including their associates). Usual transactions with related parties includes deposits, advances and other banking services which are carried out in accordance with agreed terms. Transactions with key management personnel (including their associates) are undertaken at terms in accordance with employment agreements and service rules. 31

33 Contributions to and accruals in respect of staff retirement benefit plans are made in accordance with the terms of the benefit plan. Remuneration of the Chief Executive Officer and Directors are determined in accordance with the terms of their appointment. The details of balances and transactions with related parties, other than those disclosed under respective notes, during the period are as follows: As of September 30, 2017 (Un-audited) Key management personnel Directors Associates/ Subsidiaries Other related parties (Rupees in '000) Advances Balance at the beginning of the period 120, ,375 Disbursed during the period 38, ,617 Repaid during the period (19,613) - - (652,492) At September 30, , ,500 Deposits Balance at the beginning of the period 54,246 19, ,707 1,001,431 Received during the period 369, , ,386 4,792,844 Withdrawals during the period (338,944) (203,126)(893,457) (4,664,048) At September 30, ,462 70,967 42,636 1,130,227 Investment in shares of subsidiary ,000 - Sale of government securities ,383 Expenses recovered under agency arrangement Mark-up receivable ,459 Profit payable ,324 Insurance premium paid ,581 Period from January 01, 2017 to September 30, 2017 (un-audited) Mark-up / return / interest earned 4, ,387 Mark-up / return / interest expensed 2,357 1,763 4,057 93,270 Rental income Remuneration paid 133, Contribution to provident fund 3, Provision for gratuity 6, Other staff benefits 20, Directors' meeting fee - 16, Other expenses - 1, As at the date of unconsolidated condensed interim statement of financial position, loans / advances and deposits related to government related entities amounted to Rs.11, million (note 10.1) and Rs.63, million (note 14) respectively. The above includes deposits amounting to Rs.19, million (December 31, 2016: Rs.19, million) received through the Finance Department, Government of Sindh. 32

34 Key management personnel As of December 31, 2016 (Audited) Directors Associates/ Subsidiaries Other related parties (Rupees in '000) Advances Balance at the beginning of the period 31, ,875 Disbursed during the year 103, Repaid during the year (13,713) - - (62,500) At December 31, , ,375 Deposits Balance at the beginning of the period 52,469 19, , ,948 Received during the year 369, ,367 1,464,380 10,471,174 Withdrawals during the year (367,354) (155,025) (1,436,383) (9,927,691) At December 31, ,246 19, ,707 1,001,431 Purchase of government securities ,017 Investment in shares of subsidiary ,000 - Sale of Government securities ,537 Expenses recovered under agency arrangement Mark-up receivable ,972 Profit payable ,824 Insurance premium paid ,762 Sale proceeds of fixed assets ,157 Period from January 01, 2016 to September 30, 2016 (un-audited) Mark-up / return / interest earned ,505 Mark-up / return / interest expensed 1,661 1,109 12,940 36,330 Capital gain on sale of government securities Rental income ,380 Remuneration paid 114,539 5, Contribution to provident fund 3, Provision for gratuity 7, Other staff benefits 15, Directors' meeting fee - 6, Other expenses

35 27. FAIR VALUE OF FINANCIAL INSTRUMENTS IFRS 13 establishes a single source of guidance under IFRS for all fair value measurements and disclosures about fair value measurement where such measurements are required as permitted by other IFRSs. It defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. an exit price). Adoption of IFRS 13 has not affected this unconsolidated condensed interim financial information. Financial assets which are tradable in an open market are revalued at the market prices prevailing on the statement of assets and liabilities date. The estimated fair value of all other financial assets and financial liabilities is considered not significantly different from book value. Fair value of fixed term loans, other assets, other liabilities, fixed term deposits and borrowings cannot be calculated with sufficient reliability due to absence of current and active market for such assets and liabilities and availability of reliable data regarding market rates for similar instruments. The provision for impairment of advances has been calculated in accordance with the Bank's accounting policy as stated in note 4 to this unconsolidated condensed interim financial information. In the opinion of the management, the fair value of the remaining financial assets and liabilities are not significantly different from their carrying values since assets and liabilities are either short-term in nature or in the case of customer loans and deposits are frequently re-priced. The Bank measures fair values using the following fair value hierarchy that reflects the significance of the inputs used in making the measurement: Level 1: quoted prices in active markets for identical assets or liabilities; Level 2: Level 3: those involving inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); and those with inputs for the asset or liability that are not based on observable market data (unobservable inputs). The Bank's policy is to recognise transfers into and out of the different fair value hierarchy levels at the date the event or change in circumstances that caused the transfer occurred. There were no transfers between levels 1 and 2 during the period. (a) Financial instruments in level 1 Financial instruments included in level 1 comprise of investments in listed ordinary shares and units of mutual funds. (b) Financial instruments in level 2 Financial instruments included in level 2 comprise of Sukuk bonds, Pakistan investment bonds, Market treasury bills, Term finance certificates and Forward exchange contracts. (c) Financial instruments in level 3 Currently, no financial instruments are classified in level 3. The table below analyses the financial and non-financial assets carried at fair values, by valuation methods. For financial assets, the Bank essentially carries its investments in debt and equity securities at fair values. Valuation of investments is carried out as per guidelines specified by the SBP. 34

36 Carrying value September 30, 2017 Fair Value Level 1 Level 2 Level 3 Total (Rupees in '000) On balance sheet financial instruments Financial assets measured at fair value Available-for-sale securities Pakistan investment bonds 39,137,431-39,137,431-39,137,431 Market treasury bills 35,148,308-35,148,308-35,148,308 Shares of listed companies 2,424,949 2,424, ,424,949 Term finance certificates - Listed 100, , ,364 Term finance certificates - Unlisted 6, Units of mutual funds 636, , , ,654 Sukuk bonds 1,386,164-1,386,164-1,386,164 Financial assets not measured at fair value Cash and balances with treasury banks 7,818, Balances with other banks 1,037, Lendings to financial institutions 2,359, Held-to-maturity investments Pakistan investment bonds 16,851, Preference shares - Listed 249, Preference shares - Unlisted 61, Term finance certificates - Listed 224, Term finance certificates - Unlisted 754, Ordinary shares of unlisted companies - Subsidiary 750, Advances 62,772, Other assets 3,354, ,074,812 2,736,480 76,097,390-78,833,870 Financial liabilities not measured at fair value Bills payable 893, Borrowings 29,262, Deposits and other accounts 129,977, Other liabilities 1,891, ,024, Off balance sheet financial instruments Foreign exchange contracts (purchase) ,758,968-17,758,968 Foreign exchange contracts (sale) ,469,117-17,469,117 35

37 Carrying value December 31, 2016 Fair Value Level 1 Level 2 Level 3 Total (Rupees in '000) On balance sheet financial instruments Financial assets measured at fair value Available-for-sale securities Pakistan investment bonds 49,507,894-49,507,894-49,507,894 Market treasury bills 9,482,710-9,482,710-9,482,710 Shares of listed companies 2,080,439 2,080, ,080,439 Term finance certificates - Listed 101, , ,014 Term finance certificates - Unlisted 12, Units of mutual funds 733, , , ,805 Sukuk bonds 698, , ,735 Financial assets not measured at fair value Cash and balances with treasury banks 7,500, Balances with other banks 791, Lendings to financial institutions 6,938, Held-to-maturity investments Pakistan investment bonds 7,458, Ijarah sukuk bonds (Government of Pakistan) 239, Preference shares - Listed 249, Preference shares - Unlisted Term finance certificates - Listed 224, Term finance certificates - Unlisted Ordinary shares of unlisted companies - Subsidiary 750, Advances 51,833, Other assets 4,735, ,339,405 2,399,467 60,205,130-62,604,597 Financial liabilities not measured at fair value Bills payable 714, Borrowings 8,910, Deposits and other accounts 119,022, Other liabilities 2,177, ,824, Off balance sheet financial instruments Foreign exchange contracts (purchase) - - 7,407,583-7,407,583 Foreign exchange contracts (sale) - - 6,960,019-6,960,019 36

38 28. ISLAMIC BANKING BUSINESS The Bank commenced Islamic Banking operations effective from June 26, 2014 and is operating with 14 Islamic Banking branches and 13 Islamic Banking windows in conventional branches (December 31, 2016: 14 branches and 13 windows) at the end of reporting period. The statement of financial position, profit and loss account and cash flow statement of the division are as follows: 28.1 Condensed Interim Statement of Financial Position Note September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) Assets Cash and balances with treasury banks 422, ,041 Balances with other banks 219, ,595 Balances with and due from financial institutions 3,159, ,000 Investments 1,484,534 1,036,295 Islamic financing and related assets ,252,942 2,150,591 Operating fixed assets 103, ,160 Deferred tax asset - - Due from head office - - Other assets 54,237 77,919 7,697,309 4,041,601 Liabilities Bills payable 30,758 30,232 Due to financial institutions - 150,000 Deposits and other accounts 7,252,483 3,433,210 - Current deposits 2,866, ,699 - Savings deposits 1,170, ,729 - Term deposits 164,300 82,424 - Other deposits 96,512 46,518 - Deposits from financial institutions - remunerative 2,953,971 2,146,615 - Deposits from financial institutions - non remunerative 758 1,225 Due to head office 23,738 1,779 Deferred tax liability 5,411 5,661 Other liabilities 57,878 42,792 7,370,268 3,663,674 Net Assets 327, ,927 Represented By: Islamic banking fund 500, ,000 Reserves - - Accumulated loss (183,429) (131,835) 316, ,165 Surplus on revaluation of assets - net of tax 10,470 9, , ,927 37

39 28.2 Condensed Interim Profit and Loss Account For the nine months ended September September 30, 30, (Un-audited) (Rupees 000) Profit / return on financing, investments and placements earned 220, ,820 Return on deposits and other dues expensed 149, ,567 Net income earned before provisions 71,013 29,253 Provision against non-performing financing - net - - Provision for diminution in the value of investments Net income earned after provisions 71,013 29,253 Other income Fee, commission and brokerage income 5,071 2,464 Gain on dealing in foreign currencies Dividend income - 10,621 Gain on sale / redemption of securities 100 3,107 Unrealised gain on revaluation of investments classified as held-for-trading - - Other income ,831 16,816 76,844 46,069 Other expenses Administrative expenses 128, ,255 Other charges , ,255 Loss before taxation (51,594) (66,186) Accumulated losses brought forward (131,835) (44,090) Accumulated losses transferred to statement of financial position (183,429) (110,276) 38

40 28.3 Condensed Interim Cash Flow Statement For the nine months ended September September 30, 30, (Un-audited) (Rupees 000) CASH FLOW FROM OPERATING ACTIVITIES Loss before taxation (51,594) (66,186) Dividend income - (10,621) (51,594) (76,807) Adjustments Depreciation 12,567 11,263 Amortisation 2,606 2,606 15,173 13,869 (36,421) (62,938) (Increase) / decrease in operating assets Balances with and due from financial institutions (2,829,867) 650,000 Islamic financing and related assets - net (102,351) (1,273,425) Other assets (excluding advance taxation) 23,682 3,433 Due from head office - - (2,908,536) (619,992) Increase / (decrease) in operating liabilities Bills payable ,187 Due to financial institutions (150,000) 378,578 Deposits and other accounts 3,819, ,902 Due to Head Office 21,959 (60,040) Other liabilities 15,086 (4,991) 3,706, , ,887 1,706 Income tax paid - (254) Net cash generated from operating activities 761,887 1,452 CASH FLOW FROM INVESTING ACTIVITIES Net investment in securities (447,781) 85,546 Dividend received - 10,621 Investment in operating fixed assets (3,434) (33,178) Proceeds from disposal of operating fixed assets - - Net cash (used in) / generated from investing activities (451,215) 62,989 CASH FLOW FROM FINANCING ACTIVITIES Islamic Banking Fund - - Increase in cash and cash equivalents 310,672 64,441 Cash and cash equivalents at beginning of the period 331, ,002 Cash and cash equivalents at end of the period 642, ,443 39

41 For the nine months ended September September 30, 30, (Un-audited) (Rupees 000) Remuneration to Shariah advisors 2,064 1,331 September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) Islamic financing and related assets Diminishing musharakah financing and related assets 2,160,410 2,075,944 Ijarah financing 92,532 74,647 2,252,942 2,150, GENERAL Figures have been rounded off to the nearest thousand Rupees. 30. DATE OF AUTHORISATION FOR ISSUE This unconsolidated condensed interim financial information was authorised for issue by the Board of Directors on 17 October, President & Chief Executive Officer Chairman Director Director 40

42 Consolidated Condensed Interim Statement of Financial Position as at September 30, 2017 ASSETS Note September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees in 000) Cash and balances with treasury banks 6 7,826,740 7,502,624 Balances with other banks 7 1,387,615 1,191,478 Lendings to financial institutions 8 2,459,867 6,938,610 Investments - net 9 96,982,251 70,889,737 Advances - net 10 63,017,694 51,901,838 Operating fixed assets 11 1,624,624 1,832,883 Deferred tax assets 1,473,169 1,190,077 Other assets 12 3,400,921 4,758, ,172, ,205,654 LIABILITIES Bills payable 893, ,212 Borrowings 13 29,262,032 8,910,738 Deposits and other accounts ,944, ,843,374 Sub-ordinated loans - - Liabilities against assets subject to finance lease - - Deferred tax liability - net - - Other liabilities 15 1,890,358 2,178, ,991, ,647,091 NET ASSETS 16,181,864 15,558,563 REPRESENTED BY Share capital 16 10,010,130 10,010,130 Reserves 1,422,997 1,207,731 Unappropriated profit 5,063,975 4,206,670 16,497,102 15,424,531 (Deficit)/Surplus on revaluation of assets - net of tax 17 (315,238) 134,032 CONTINGENCIES AND COMMITMENTS 18 16,181,864 15,558,563 The annexed notes 1 to 28 form an integral part of these consolidated condensed interim financial statements. President & Chief Executive Officer Chairman Director Director 41

43 Consolidated Condensed Interim Profit and Loss Account (Un-audited) For the Nine months and Quarter ended September 30, 2017 Nine months ended Quarter ended September 30, September 30, September 30, September 30, Note (Rupees in 000) Mark-up / return / interest earned 19 8,390,718 7,276,904 3,044,541 2,338,453 Mark-up / return / interest expensed 20 4,465,863 4,035,971 1,649,277 1,202,343 Net mark-up / return / interest income 3,924,855 3,240,933 1,395,264 1,136,110 Provision against non-performing loans and advances 74,293 95,643 4,353 3,354 Provision against advances - general - 1,500, ,000 Provision against consumer & small enterprise advances 2, Provision for diminution in the value of investments Bad debts written off directly Net mark-up / return / interest income 76,912 1,596,301 5, ,777 after provisions 3,847,943 1,644,632 1,389, ,333 Non mark-up / interest income Fee, commission and brokerage income 337, ,285 87,600 69,394 Dividend income 110, ,433 26,753 44,632 Income from dealing in foreign currencies 87,185 42,123 42,255 12,114 Gain on sale / redemption of securities 699,991 2,616, ,925 Unrealised gain on revaluation of investments classified as held-for-trading Other income 8,319 3, ,383 Total non mark-up / interest income 1,244,071 3,040, , ,448 5,092,014 4,685,618 1,547,855 1,546,781 Non mark-up / interest expenses Administrative expenses 21 3,198,992 2,892,646 1,067, ,966 Other charges Total non mark-up / interest expenses 3,199,060 2,893,161 1,067, ,458 Extraordinary / unusual items 1,892,954-1,792, , ,323 - Profit before taxation 1,892,954 1,792, , ,323 Taxation - Current 701,148 1,179, , ,155 - Prior years 160, , Deferred (41,101) (550,184) (12,127) (182,398) 820, , , ,757 Profit after taxation 1,072, , , ,566 Basic and diluted earnings per share (Rupees) The annexed notes 1 to 28 form an integral part of these consolidated condensed interim financial statements. 42 President & Chief Executive Officer Chairman Director Director

44 Consolidated Condensed Interim Statement of Comprehensive Income (Un-audited) For the Nine months and Quarter ended September 30, 2017 Profit after taxation for the period 1,072, , , ,566 Other comprehensive income Components of comprehensive income reflected in equity Items that will be reclassified subsequently to profit and loss account: Items that will not be reclassified subsequently to profit and loss account : Remeasurement of net defined benefit liability Related current tax credit Total comprehensive income for the period transferred to equity 1,072, , , ,566 Components of comprehensive income reflected below equity Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 Quarter ended September 30, (Rupees in 000) Items that will be reclassified subsequently to profit and loss account : (Deficit)/Surplus on revaluation of investments (691,184) 1,026,324 (1,011,608) (426,592) Related deferred tax 241,914 (359,213) 354, ,308 (449,270) 667,111 (657,545) (277,284) Items that will not be reclassified subsequently to profit and loss account : Total Comprehensive Income 623,301 1,645,116 (345,550) 89,282 The annexed notes 1 to 28 form an integral part of these consolidated condensed interim financial statements. President & Chief Executive Officer Chairman Director Director 43

45 Consolidated Condensed Interim Statement of Cash Flows (Un-audited) For the Nine months ended September 30, 2017 September 30, 2017 September 30, 2016 Cash flow from operating activities Note (Rupees in 000) Profit before taxation 1,892,954 1,792,457 Dividend income (110,889) (107,433) 1,782,065 1,685,024 Adjustments for Depreciation 268, ,025 Amortization 22,052 23,192 Provision against non-performing advances-net 74,293 95,643 Provision against advances-general - 1,500,000 Bad debts written off directly Provision against consumer & small enterprise advances 2, Gain on disposal of operating fixed assets (2,934) (798) 364,428 1,900,720 2,146,493 3,585,744 (Increase) / decrease in operating assets Lendings to financial institutions 4,478, ,607 Advances - net (11,192,768) (5,073,118) Other assets (excluding advance taxation) 1,383,572 1,119,598 (5,330,453) (3,696,913) Increase / (decrease) in operating liabilities Bills payable 179, ,323 Borrowings 20,351,294 (20,094,248) Deposits and other accounts 11,101,551 18,608,281 Other liabilities (excluding current taxation) (429,356) (368,080) 31,202,979 (1,631,724) 28,019,019 (1,742,893) Income tax paid (720,539) (1,300,437) Net cash flows generated from / (used in) operating activities 27,298,480 (3,043,330) Cash flow from investing activities Net investment in available-for-sale securities (16,914,090) 3,620,453 Net investment in held-to-maturity securities (9,869,609) 239,831 Dividend income received 84, ,433 Investment in operating fixed assets (83,931) (254,668) Sale proceeds from disposal of operating fixed assets 4,674 12,663 Net cash flows (used in) / generated from investing activities (26,778,227) 3,725,712 Cash flow from financing activities Issuance of share capital - 10,181 Increase / (Decrease) in cash and cash equivalents 520, ,563 Cash and cash equivalents at beginning of the period 8,694,102 6,383,697 Cash and cash equivalents at end of the period 24 9,214,355 7,076,260 The annexed notes 1 to 28 form an integral part of these consolidated condensed interim financial statements. 44 President & Chief Executive Officer Chairman Director Director

46 Consolidated Condensed Interim Statement of Changes in Equity (Un-audited) For the Nine months ended September 30, 2017 Share capital Reserves Share Premium Capital Statutory* Reserve Depositors' protection fund ** Revenue Unappropriated Profit*** (Rupees in 000) Balance as at January 1, ,000, , ,088,325 14,014,724 Comprehensive Income Profit after taxation for the nine months ended September 30, , ,005 Other Comprehensive Income , ,005 Transfers Transfer to statutory reserve ,601 - (195,601) - Transfer to depositors' protection fund (542) - Shares issued during the period under pre-ipo 10, ,181 Balance as at September 30, ,010, ,121,239 1,303 3,870,187 15,002,910 Comprehensive Income Profit after taxation for the three months ended 31 December , ,286 Other Comprehensive loss (3,665) (3,665) , ,621 Transfers Transfer to statutory reserve ,057 - (85,057) - Transfer to depositors' protection fund (81) - Balance as at December 31, ,010, ,206,296 1,384 4,206,670 15,424,531 Comprehensive Income Profit after taxation for the nine months ended September 30, ,072,571 1,072,571 Other Comprehensive Income ,072,571 1,072,571 Transfers Transfer to statutory reserve ,514 - (214,514) - Transfer to depositors' protection fund (752) - Balance as at September 30, ,010, ,420,810 2,136 5,063,975 16,497,102 * Statutory reserve represents amount set aside as per the requirements of section 21 of the Banking Companies Ordinance, ** The Sindh Microfinance Bank Limited is required under the Microfinance Institutions Ordinance, 2001 to contribute 5 % of its profit after tax to the Depositors' Protection Fund and profit earned on investments of the fund are also credited to the fund. *** As more fully explained in note 10.3 of this consolidated condensed interim financial information, unappropriated profit includes an amount of Rs.1, million net of tax as at September 30, 2017 (December 31, 2016: Rs million) representing additional profit arising from availing forced sale value benefit for determining provisioning requirement which is not available for the purpose of distribution of dividend to shareholders. The annexed notes 1 to 28 form an integral part of these consolidated condensed interim financial statements. Total President & Chief Executive Officer Chairman Director Director 45

47 Notes to and forming part of the Consolidated Condensed Interim Financial Statements (Un-audited) For the Nine months ended September 30, STATUS AND NATURE OF BUSINESS The "Group" consists of: 1.1 Holding Company Sindh Bank Limited (the Bank) was incorporated in Pakistan on October 29, 2010 as a public unlisted company and is engaged in Commercial Banking, Corporate and Investment related activities. The Bank operates 260 branches (December 31, 2016: 260) including 8 sub branches (December 31, 2016: 8) and 14 Islamic banking branches (December 31, 2016: 14) in Pakistan. The Bank's registered office is located at 3rd floor, Federation House, Abdullah Shah Ghazi Road, Clifton, Karachi, Pakistan The Government of Sindh, through its Finance Department owns 99.9% ordinary shares of the Bank JCR VIS Credit Rating Company Limited has reaffirmed the Bank's medium to long term entity rating of AA (Double A) with a 'Rating Watch-Developing', status and short term rating of A-1+ (A-One plus). 1.2 Subsidiary company Sindh Microfinance Bank Limited Sindh Microfinance Bank Limited ("the Microfinance Bank") was incorporated on March 27, 2015 as a public company limited by shares under the Companies Ordinance, The Microfinance Bank obtained Microfinance banking license from the State Bank of Pakistan (SBP) on October 16th, 2015, to operate in Sindh Province. Subsequently the Microfinance Bank received the certificate of commencement of business from the Securities & Exchange Commission of Pakistan (SECP) on November 30th, The Microfinance Bank's registered office is situated at 39/F, 2nd Floor, Muhammad Ali Cooperative Housing Society, Karachi. The Microfinance Bank's principal business will be to provide microfinance services to the poor and underserved segment of the society as envisaged under the Microfinance Institutions Ordinance, The Microfinance Bank operates with a network of 8 branches (December 31, 2016 : 5) and 31 micro-credit centers (December 31, 2016: 20 micro-credit centers). The Bank holds 99.99% shares of the Microfinance Bank and remaining shares are held by the nominees of the Bank. 2. STATEMENT OF COMPLIANCE 2.1 This condensed interim consolidated financial information of the Group for the period ended September 30, 2017 has been prepared in accordance with the requirements of the International Accounting Standard 34 - Interim Financial Reporting (IFRS) issued by the International Accounting Standards Board and Islamic Financial Accounting Standards (IFAS) issued by the Institute of Chartered Accountants of Pakistan as are notified under the Companies Ordinance, 1984 (repealed - note 2.2), provisions of the Companies Ordinance, 1984 (repealed - note 2.2), the Banking Companies Ordinance, 1962 and directives issued by the Securities and Exchange Commission of Pakistan (SECP) and the SBP. In case where the requirements differ with the requirements of IFRS or IFAS, the requirements of the Companies Ordinance, 1984 (repealed - note 2.2), the Banking Companies Ordinance, 1962 or the requirements of the said directives shall prevail. 46

48 2.2 During the period, the Companies Act, 2017 (the Act) has been promulgated, however, SECP vide its Circular No. 23 dated October 04, 2017, read with its press release of the same date, allowed the companies whose financial year / interim period closes on or before December 31, 2017 to prepare their financial statements in accordance with the provisions of the repealed Companies Ordinance, The Act does not affect the consolidated condensed interim financial information for the period ended September 30, The SBP vide BSD Circular letter No.10, dated August 26, 2002 has deferred the applicability of IAS 39, 'Financial Instruments: Recognition and Measurement' and IAS 40, 'Investment Property' for banking companies till further instructions. Further, according to the notification of the SECP issued vide SRO 411(I)/2008 dated April 28, 2008, International Financial Reporting Standard (IFRS) 7, 'Financial Instruments: Disclosures' has not been made applicable for banks. Accordingly, the requirements of these standards have not been considered in the preparation of this consolidated condensed interim financial information. However, investments have been classified and valued in accordance with the requirements of various circulars issued by the SBP. Further, segment information is being disclosed in accordance with SBP s prescribed format as per BSD circular 4 dated February 17, 2006 which prevails over the requirements specified in IFRS The disclosures made in this consolidated condensed interim financial information have been limited based on the format prescribed by the SBP vide BSD Circular Letter No.2, dated May 12, 2004, and IAS 34 'Interim Financial Reporting'. They do not include all the disclosures required for annual financial statements and this consolidated condensed interim financial information should be read in conjunction with the consolidated financial statements of the Bank for the year ended 31 December BASIS OF MEASUREMENT 3.1 This consolidated condensed interim financial information has been prepared under the historical cost convention except for certain investments, commitments in respect of foreign exchange contracts and futures contracts which are measured at fair values and certain employee benefits which are measured on present value basis. Items included in this consolidated condensed interim financial information are measured using the currency of the Group's primary economic environment which is Pakistani Rupees and it is the Group's functional and presentation currency. 4. SIGNIFICANT ACCOUNTING POLICIES AND FINANCIAL RISK MANAGEMENT 4.1 The accounting policies adopted in the preparation of this consolidated condensed interim financial information are the same as those applied in the preparation of the annual financial statements of the Group for the year ended 31 December 2016 other than those if any disclosed below: 4.2 New, amended and revised Standards and Interpretations of IFRSs The Group has adopted the following standards and amendment to IFRSs which became effective for the current period: Standard or Interpretation IAS 12 Income Taxes Recognition of Deferred Tax Assets for Unrealized losses (Amendments) The adoption of the above amendments to the accounting standard did not have any effect on the consolidated condensed interim financial information. 47

49 4.3 The financial risk management objectives and policies are consistent with those disclosed in the annual financial statements of the Group for the year ended December 31, ACCOUNTING ESTIMATES AND JUDGEMENTS The accounting estimates and associated assumptions used in the preparation of this consolidated condensed interim financial information are consistent with those applied in the preparation of the annual financial statements of the Group for the year ended December 31, CASH AND BALANCES WITH TREASURY BANKS September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) In hand Local currency 6.1 2,239,177 1,873,185 Foreign currency 112,745 77,766 2,351,922 1,950,951 With State Bank of Pakistan in Local currency current account 6.2 4,722,855 4,510,719 Foreign currency current account ,257 5,156 Foreign currency deposit account - Non Remunerative ,421 62,289 - Remunerative , ,666 5,054,169 4,746,830 With National Bank of Pakistan in Local currency current account 401, ,106 Local currency PLS account 19,077 16, , ,843 7,826,740 7,502, This includes National Prize Bonds of Rs.2.20 million (December 31, 2016 : Rs million). 6.2 This represents cash reserve required to be maintained with SBP as per the requirement of Section 22 of the Banking Companies Ordinance, This is a sum which should not be less than such percentage of the Group's time and demand liabilities in Pakistan as may be prescribed by the SBP. 6.3 This represents US Dollar Settlement Account maintained with SBP. 6.4 This represents foreign currency cash reserve maintained with SBP, presently equivalent to at least 5% of the Group's foreign currency deposits mobilised under the FE-25 scheme. 6.5 This represents foreign currency special cash reserve maintained with SBP. The Group is entitled to earn profit which is declared by SBP on a monthly basis. During the period, SBP has declared profit in the range of 0.06% to 0.23% (December 31, 2016: nil) per annum. 48

50 September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) BALANCES WITH OTHER BANKS In Pakistan Current account 6,286 15,016 Savings accounts ,871 90,746 Term deposit accounts , ,000 Outside Pakistan Current account 722, ,716 1,387,615 1,191, This represents savings deposits with commercial banks carrying profit at the rate of 3.75% per annum (December 31, 2016: 3.75%). 7.2 This represents term deposit account with a commercial bank & microfinance banks carrying mark-up ranging from 6.76% to 11.25% per annum (December 31, 2016: 6.95% to 11.25%). September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) LENDINGS TO FINANCIAL INSTITUTIONS Bai Muajjal ,867 - Call money lending 8.2 2,000,000 2,000,000 Repurchase agreement lending (reverse repo) - 4,938,610 Term deposit accounts ,000-2,459,867 6,938, This represents outright purchase of Governemnt Ijarah Sukuk from SBP on deferred payment basis (Bai- Muajjal), on June 21, 2017, at a return of 5.27% (December 31, 2016: nil) per annum. The deal has a maturity date of June 21, This represents lending to commercial banks carrying mark-up at 6.00% per annum (December 31, 2016 : 6.10%). 8.3 This represents term deposit account with microfinance banks carrying mark-up ranging from 7.50% to 9.00% per annum (December 31, 2016: Nil). 49

51 9. INVESTMENTS - net 9.1 INVESTMENT BY TYPES September 30, 2017 December 31, 2016 (Un-audited) (Audited) Held by Given as Held by Given as Total Total Bank collateral Bank collateral (Rupees 000) Available-for-sale securities Pakistan investment bonds 24,724,058 14,163,995 38,888,053 49,193,663-49,193,663 Market treasury bills 21,553,088 13,592,863 35,145,951 8,233,454 1,249,209 9,482,663 Ordinary shares - Listed 3,110,667-3,110,667 2,235,424-2,235,424 Term finance certificates - Listed 99,860-99,860 99,880-99,880 Term finance certificates - Unlisted 6,246-6,246 12,527-12,527 Units of mutual funds 613, , , ,533 Islamic funds REIT 99,000-99,000 99,000-99,000 Ijarah sukuk bonds (GoP) 953, , , ,000 Sukuk certificates 416, , , ,143 51,576,065 27,756,858 79,332,923 61,169,624 1,249,209 62,418,833 Held-to-maturity securities Pakistan Investment Bonds 16,851,829-16,851,829 7,458,429-7,458,429 Ijarah sukuk bonds (GoP) , ,729 Preference shares - Listed 249, , , ,961 Preference shares - Unlisted 61,305-61, Certificate of deposits , ,000 Term finance certificates - Unlisted 754, , Term finance certificates - Listed 224, , , ,392 18,142,120-18,142,120 8,272,511-8,272,511 Total Investments at cost 69,718,185 27,756,858 97,475,043 69,442,135 1,249,209 70,691,344 Less : Provision for Diminution in value of Investments (7,810) - (7,810) (7,810) - (7,810) Investments (net of provisions) 69,710,375 27,756,858 97,467,233 69,434,325 1,249,209 70,683,534 (Deficit) / surplus on revaluation of available-for-sale securities (180,974) (304,008) (484,982) 206,208 (5) 206,203 Total investments 69,529,401 27,452,850 96,982,251 69,640,533 1,249,204 70,889, INVESTMENTS BY SEGMENTS September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) Federal Government Securities Pakistan Investment Bonds 55,739,882 56,652,092 Market Treasury Bills 35,145,951 9,482,663 Ijarah sukuk bonds (GoP) 953, ,729 Sukuk Certificates 273, ,572 92,112,629 66,878,056 Ordinary Shares Listed companies 3,110,667 2,235,424 Preference Shares Listed companies 249, ,961 Unlisted companies 61, , ,961 Term Finance Certificates Listed 324, ,272 Unlisted 760,932 12,527 1,085, , Other Investments Units of mutual funds 613, ,533 Islamic funds REIT 99,000 99,000 Certificate of deposits - 100,000 Sukuk certificates 142, , , ,104 Total investments at cost 97,475,043 70,691,344 Less: Provision for Diminution in value of Investments (7,810) (7,810) Investments (net of provisions) 97,467,233 70,683,534 (Deficit)/Surplus on revaluation of available-for-sale securities (484,982) 206,203 Total Investments at revalued amount 96,982,251 70,889,737

52 10 ADVANCES - net September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) Loans, cash credits, agriculture, running finances etc. In Pakistan 52,737,725 47,237,793 Commodity Finance In Pakistan ,552,078 6,245,905 Islamic financing and related assets Diminishing Musharakah 2,160,410 2,075,944 Ijarah under IFAS 2 92,532 74,647 66,542,745 55,634,289 Bills discounted and purchased (excluding market treasury bills) Payable in Pakistan 692, ,430 Payable outside Pakistan 5,907 10, , ,634 Advances - gross 67,241,425 56,048,923 Provisions General provision against advances (4,000,000) (4,000,000) General provision against consumer & small enterprise advances (6,404) (4,051) Specific provision against non performing advances 10.2 (217,327) (143,034) (4,223,731) (4,147,085) 63,017,694 51,901, This represents commodity financing provided to Food Department, Government of Sindh, in syndication with other commercial banks Advances include Rs.2, million (December 31, 2016: Rs. 1, million) which have been placed under non-performing status as detailed below: September 30, 2017 (Un-audited) Classified Advances Provision Domestic Overseas Total Required Provision Held Category of Classification Note (Rupees 000) Other Assets Especially Mentioned (OAEM) , , Substandard 67,285-67,285 3,182 3,182 Doubtful 1,006,081-1,006,081 6,189 6,189 Loss 1,479,089-1,479, , ,956 2,682,637-2,682, , ,327 51

53 Category of Classification December 31, 2016 (Audited) Classified Advances Provision Provision Domestic Overseas Total Required Held (Rupees 000) Other Assets Especially Mentioned (OAEM) 77,514-77, Substandard 727, ,957 4,878 4,878 Doubtful 139, ,090 20,291 20,291 Loss 624, , , ,865 1,569,375-1,569, , , This represents non-performing portfolio of agricultural and small and medium enterprise financing classified as OAEM as per requirements of the Prudential Regulations for Agriculture and Small and Medium Enterprise Financing issued by the State Bank of Pakistan The Group has availed the benefit of FSV on plant & machinery under charge and mortgaged residential and commercial properties (land and building only) held as collateral against non-performing advances on the basis of instructions of State Bank of Pakistan. Had the benefit not been taken by the Bank, specific provision against non-performing advances would have been higher by Rs.1, million (December 31, 2016: Rs million). The resultant increase in profit due to FSV benefit taken will not be available for distribution as cash and stock dividend to shareholders Particulars of provision against non-performing advances September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note Specific General Total Specific General Total (Rupees 000) Opening balance 143,034 4,004,051 4,147,085 37,420 2,501,523 2,538,943 Charge for the period / year - Specific provision 83,128 83, , ,614 - General provision ,500,000 1,500,000 - General provision against consumer & small enterprises advances ,618 2,618-2,528 2,528 Reversals (8,835) - (8,835) Net Charge for the period / year 74,293 2,618 76, ,614 1,502,528 1,608,142 Amount written off - (265) (265) Closing balance 217,327 4,006,404 4,223, ,034 4,004,051 4,147, In line with prudent policies, the Group has made a general provision against the risk inherent in the advances portfolio. This general provision is in addition to the requirements of the Prudential Regulations General provision against consumer loans represents provision maintained at an amount equal to 1% of the fully secured performing portfolio and 4% of the unsecured performing portfolio as required by the Prudential Regulations issued by SBP. General provision against Small Enterprises financing represents provision maintained at an amount equal to 1% of the fully secured performing portfolio as required by the Prudential Regulations issued by SBP. 52

54 September 30, 2017 (Un-audited) December 31, 2016 (Audited) Note (Rupees 000) OPERATING FIXED ASSETS Capital work-in-progress ,619 31,064 Property and equipment 1,524,441 1,734,130 Intangible assets 67,564 67,689 1,624,624 1,832, This represents advance payment for purchase of furniture and fixture, office equipment and vehicles. 12. OTHER ASSETS - Net Accrued income on bank deposits, investments, COIs, placements and advances 2,819,118 3,227,911 Accrued commission income 36, Advances, deposits, advance rent and other prepayments 346, ,704 Advance against shares and term finance certificates - 608,183 Receivable against sale of shares - 369,716 Stationery & stamps on hand 10,872 12,359 Dividend receivable 26, Receivable against 1 Link ATM settlement account 95, ,379 Insurance claims receivable ,829 48,472 Other receivables 17,031 14,693 3,400,921 4,758, Insurance claims receivable Insurance claims receivable against agriculture loans 47,772 45,166 Other insurance claims receivable 1,057 3,306 48,829 48, BORROWINGS Secured Borrowings from State Bank of Pakistan under export - refinance scheme 829,046 1,081,500 Repurchase agreement borrowings - State Bank of Pakistan 9,166, Commercial Banks /DFIs 9,108,622 6,187,415 18,274,926 6,187,415 Call borrowings 8,499,012 - Unsecured Call / Clean borrowings 1,659,048 1,641,823 29,262,032 8,910,738 53

55 14. DEPOSITS AND OTHER ACCOUNTS Note September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) Customers Fixed deposits 36,083,771 33,787,351 Savings deposits 50,352,171 44,489,733 Current accounts - non-remunerative 35,049,697 31,361,350 Margin and other accounts - non-remunerative 1,141, , ,627, ,438,360 Financial Institutions Remunerative deposits 7,197,210 8,274,591 Non-remunerative deposits 120, ,423 7,317,559 8,405, ,944, ,843, Break-up of deposits Local currency 128,602, ,675,770 Foreign currency 1,341,981 1,167, ,944, ,843, OTHER LIABILITIES Mark-up / return/ interest payable in local currency 1,015,125 1,173,337 Mark-up / return/ interest payable in foreign currency 2,794 5,041 Net defined benefit liability 46,273 50,481 Payable to employees' provident fund Provision for compensated absences 164, ,612 Payable against forward forex revaluation - net 7,533 45,039 Accrued expenses 202, ,431 Payable against purchase of operating fixed assets 15,716 45,892 Payable against purchase of shares - 393,307 Retention money 49,747 60,459 Federal excise duty / sales tax on services payable 2,906 4,617 Provision for taxation - net 173,823 32,878 Withholding tax payable 28,755 9,170 Others 180, ,251 1,890,358 2,178,767 54

56 16 SHARE CAPITAL 16.1 Authorised Capital September 30, December 31, (Un-audited) (Audited) Number of shares September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) ,200,000,000 1,200,000,000 Ordinary shares of Rs. 10/- each 12,000,000 12,000, Issued, subscribed and paid-up capital Ordinary shares of Rs. 10/- each 1,001,013,000 1,001,013,000 fully paid in cash (16.3) 10,010,130 10,010, Included herein are 1,013,000 shares that have been issued under pre-ipo arrangement at Rs per share (including share premium of Rs per share) to the directors and employees of the Bank and its related concerns. Under Rule 4(vi) of the Companies (Issuance of Capital) Rules, 1996 these Pre-IPO shares shall not be transferable for a period of six months from the date of closing of the public subscription of the public offering of the Bank's shares The Government of Sindh, through its Finance Department, owns 99.9% ordinary shares of the Bank. 17. (DEFICIT)/SURPLUS ON REVALUATION OF ASSETS - NET OF RELATED DEFERRED TAX September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) Available-for-sale securities Federal government securities 256, ,177 Ordinary shares - Listed (677,906) (147,175) Units of mutual funds (75,839) 21,272 Sukuk Certificates 11,731 11,693 Term finance certificates 518 1,236 (484,981) 206,203 Related deferred taxation 169,743 (72,171) (315,238) 134,032 55

57 18. CONTINGENCIES AND COMMITMENTS September 30, 2017 (Un-audited) December 31, 2016 (Audited) (Rupees 000) Direct credit substitutes Includes general guarantees of indebtedness in favour of : i) Government 2,003,490 2,479,754 ii) Banking companies and other financial institutions 1,739, ,618 iii) Others 1,605, ,659 5,348,469 3,602, Trade related contingent liabilities Others 6,211,716 4,953, Transaction related contingent liabilities Contingent liabilities in respect of guarantees given, favoring - Others 536, , Commitments in respect of forward exchange contracts - Purchase 17,758,968 7,407,583 - Sale 17,469,117 6,960, Commitments in respect of repo/call money transactions - Sale and repurchase agreements 18,280,695 6,191,349 - Purchase and resale agreements - 4,941,750 Other Commitments - Against purchase of share - 23,591 For the nine months ended September 30, 2017 September 30, (Un-audited) MARK-UP / RETURN / INTEREST EARNED On loans and advances to: (Rupees 000) Customers 3,468,037 2,902,254 On investments in: Available-for-sale securities 3,346,880 3,503,134 Held-to-maturity securities 1,356, ,313 On deposits with financial institutions 52,503 56,452 On securities purchased under resale agreements 100,447 47,790 On call / clean lendings 66,589 17,961 8,390,718 7,276,904 56

58 20 MARK-UP / RETURN / INTEREST EXPENSED For the nine months ended September September 30, , (Un-audited) (Rupees 000) Deposits 3,907,409 3,077,190 Securities sold under repurchase agreements 366, ,728 Other short term borrowings 192, ,053 4,465,863 4,035, ADMINISTRATIVE EXPENSES Salaries, allowances and benefits 1,520,912 1,309,474 Contribution to defined contribution plan 45,290 38,507 Contribution to defined benefit plan 46,171 38,129 Non Executive directors fee 17,035 6,730 Rent, taxes, insurance, electricity, etc. 601, ,741 Legal and professional charges 21,465 8,492 Communications 84, ,938 Repairs and maintenance 156, ,566 Stationery and printing 59,546 51,515 Security services charges 187, ,450 Advertisement and publicity 52,542 42,284 Donation - - Amortization of intangible assets 22,052 23,192 Depreciation on operating fixed assets 268, ,025 Auditors' remuneration 6,049 5,278 Travelling and Conveyance 15,670 16,450 Brokerage and commission 6,279 8,277 Fees and subscription 40,811 36,710 Entertainment 24,758 23,672 Miscellaneous expenses 20,902 18,216 3,198,992 2,892, OTHER CHARGES Penalty imposed by SBP BASIC AND DILUTED EARNINGS PER SHARE (RUPEES) Profit after tax for the period 1,072, ,005 Number of shares Weighted average number of ordinary shares 1,001,013,000 1,000,107, (Rupees ) Earnings per share - Basic and Diluted CASH AND CASH EQUIVALENTS Cash and balances with treasury banks 7,826,740 6,093,181 Balances with other banks 1,387, ,079 9,214,355 7,076,260 57

59 RELATED PARTY TRANSACTIONS The related parties of the group comprise associated undertakings, major shareholders, directors, staff retirement funds and key management personnel (including their associates). Usual transactions with related parties includes deposits, advances and other banking services which are carried out in accordance with agreed terms. Transactions with key management personnel (including their associates) are undertaken at terms in accordance with employment agreements and service rules. Contributions to and accruals in respect of staff retirement benefit plans are made in accordance with the terms of the benefit plan. Remuneration of the Chief Executive Officer and Directors are determined in accordance with the terms of their appointment. The details of balances and transactions with related parties, other than those disclosed under respective notes, during the period are as follows: Key management personnel As of September 30, 2017 (Un-audited) Directors Associates/ Subsidiaries Other related parties (Rupees in '000) Advances Balance at the beginning of the year 120, ,375 Disbursed during the period 38, ,617 Repaid during the period (19,613) - - (652,492) At September 30, , ,500 Deposits Balance at the beginning of the year 54,246 19,138-1,001,431 Received during the period 369, ,955-4,792,844 Withdrawals during the period (338,944) (203,126) - (4,664,048) At September 30, ,462 70,967-1,130,227 Investment in shares of subsidiary Sale of government securities ,383 Expenses recovered under agency arrangement Mark-up receivable ,459 Profit payable ,324 Insurance premium paid ,860 Period from January 01, 2017 to September 30, 2017 (un-audited) Mark-up / return / interest earned 4, ,387 Mark-up / return / interest expensed 2,357 1,763-93,270 Rental income Remuneration paid 133, Contribution to provident fund 3, Provision for gratuity 6, Other staff benefits 20, Directors' meeting fee - 17, Other expenses - 1, As at the date of consolidated condensed interim statement of financial position, loans / advances and deposits related to government related entities amounted to Rs.11, million (note 10.1) and Rs.63, million (note 14) respectively. The above includes deposits amounting to Rs.19, million (December 31, 2016: Rs.19, million) received through the Finance Department, Government of Sindh.

60 Key management personnel As of December 31, 2016 (Audited) Directors Associates/ Subsidiaries Other related parties (Rupees in '000) Advances Balance at the beginning of the year 31, ,875 Disbursed during the year 103, Repaid during the year (13,713) - - (62,500) At December 31, , ,375 Deposits Balance at the beginning of the year 52,469 19, ,948 Received during the year 369, ,367-10,471,174 Withdrawals during the year (367,354) (155,025) - (9,927,691) At December 31, ,246 19,138-1,001,431 Purchase of Government securities ,017 Sale of Government securities ,537 Expenses recovered under agency arrangement Mark-up receivable ,972 Profit payable ,824 Insurance premium paid ,762 Sale proceeds of fixed assets ,157 Period from January 01, 2016 to September 30, 2016 (un-audited) Mark-up / return / interest earned ,505 Mark-up / return / interest expensed 1,661 1,109-36,330 Capital gain on sale of - Government securities Rental income ,380 Remuneration paid 114,539 5, Contribution to provident fund 3, Provision for gratuity 7, Other staff benefits 15, Directors' meeting fee - 6, Other Expenses

61 26. FAIR VALUE OF FINANCIAL INSTRUMENTS IFRS 13 establishes a single source of guidance under IFRS for all fair value measurements and disclosures about fair value measurement where such measurements are required as permitted by other IFRSs. It defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. an exit price). Adoption of IFRS 13 has not affected this consolidated condensed interim financial information. Financial assets which are tradable in an open market are revalued at the market prices prevailing on the statement of assets and liabilities date. The estimated fair value of all other financial assets and financial liabilities is considered not significantly different from book value. Fair value of fixed term loans, other assets, other liabilities, fixed term deposits and borrowings cannot be calculated with sufficient reliability due to absence of current and active market for such assets and liabilities and availability of reliable data regarding market rates for similar instruments. The provision for impairment of advances has been calculated in accordance with the Group's accounting policy as stated in note 4 to this consolidated condensed interim financial information. In the opinion of the management, the fair value of the remaining financial assets and liabilities are not significantly different from their carrying values since assets and liabilities are either short-term in nature or in the case of customer loans and deposits are frequently re-priced. The Group measures fair values using the following fair value hierarchy that reflects the significance of the inputs used in making the measurement: Level 1: quoted prices in active markets for identical assets or liabilities; Level 2: those involving inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); and Level 3: those with inputs for the asset or liability that are not based on observable market data (unobservable inputs). The Group's policy is to recognise transfers into and out of the different fair value hierarchy levels at the date the event or change in circumstances that caused the transfer occurred. There were no transfers between levels 1 and 2 during the period. (a) Financial instruments in level 1 Financial instruments included in level 1 comprise of investments in listed ordinary shares and units of mutual funds. (b) Financial instruments in level 2 Financial instruments included in level 2 comprise of Sukuk bonds, Pakistan investment bonds, Market treasury bills, Term finance certificates and Forward exchange contracts. (c) Financial instruments in level 3 Financial instruments in level 3 comprise of term deposits and certificates of deposits. The table below analyses the financial and non-financial assets carried at fair values, by valuation methods. For financial assets, the Bank essentially carries its investments in debt and equity securities at fair values. Valuation of investments is carried out as per guidelines specified by the SBP. 60

62 Carrying value As At September 30, 2017 Fair Value Level 1 Level 2 Level 3 Total (Rupees in '000) On balance sheet financial instruments Financial assets measured at fair value Available-for-sale securities Pakistan investment bonds 39,137,431-39,137,431-39,137,431 Market treasury bills 35,148,308-35,148,308-35,148,308 Shares of listed companies 2,424,949 2,424, ,424,949 Term finance certificates - listed 100, , ,364 Term finance certificates - unlisted 6, Units of mutual funds 636, , , ,654 Sukuk bonds 1,386,164-1,386,164-1,386,164 Financial assets not measured at fair value Cash and balances with treasury banks 7,826, Balances with other banks 1,387, Lendings to financial institutions 2,459, , ,000 Held to maturity investments Pakistan investment bonds 16,851, Preference shares - Listed 249, Preference shares - Unlisted 61, Term finance certificates - Unlisted 224, Term finance certificates - Listed 754,686 Advances 63,017, Other assets 3,400, ,075,088 2,736,480 76,097, ,000 78,933,870 Financial liabilities not measured at fair value Bills payable 893, Borrowings 29,262, Deposits and other accounts 129,944, Other liabilities 1,890, ,991, Off balance sheet financial instruments Foreign exchange contracts (purchase) ,758,968-17,758,968 Foreign exchange contracts (sale) ,469,117-17,469,117 61

63 Carrying value As At December 31, 2016 Fair Value Level 1 Level 2 Level 3 Total On balance sheet financial instruments (Rupees in '000) Financial assets measured at fair value Available-for-sale securities Pakistan investment bonds 49,507,894-49,507,894-49,507,894 Market treasury bills 9,482,710-9,482,710-9,482,710 Shares of listed companies 2,080,439 2,080, ,080,439 Term finance certificates - listed 101, , ,014 Term finance certificates - unlisted 12, Units of mutual funds 733, , , ,805 Sukuk bonds 698, , ,735 Financial assets not measured at fair value Cash and balances with treasury banks 7,502, Balances with other banks 1,191, , ,000 Lendings to financial institutions 6,938, Held to maturity investments Pakistan investment bonds 7,458, GoP - Ijarah Sukuk 239, Preference shares - listed 249, Term finance certificates - unlisted 224, Certificates of deposits 100, , ,000 Advances 51,901, Other assets 4,758, ,182,694 2,399,467 60,205, ,000 63,104,597 Financial liabilities not measured at fair value Bills payable 714, Borrowings 8,910, Deposits and other accounts 118,843, Other liabilities 2,178, ,647, Off balance sheet financial instruments Foreign exchange contracts (purchase) - - 7,407,583-7,407,583 Foreign exchange contracts (sale) - - 6,960,019-6,960, GENERAL Figures have been rounded off to the nearest thousand Rupees. 28 DATE OF AUTHORISATION FOR ISSUE These consolidated condensed interim financial statements were authorised for issue by the Board of Directors on 17 October, President & Chief Executive Officer Chairman Director Director

64 Branch Network SINDH & BALOCHISTAN REGION BRANCHES KARACHI BRANCHES BAHADURSHAH ZAFAR MARKET BRANCH Property No. G-3 of R. B.11/22, III-A-239-B, Rambagh Quarters, Gwali Lane No.1, Karachi Tel: , Fax: BAHADURABAD BRANCH Plot No. 111, Shop No. 4, The City Towers, Bahadur Yar Jang Co-operative Housing Society, Alamgir Road, Karachi Tel: BAHRIA COMPLEX-II BRANCH Plot No-MISC-02 Bahria Complex-II, M.T. Khan Road, Karachi Tel: , BHAINS COLONY BRANCH Plot No. 217, Block-A, Cattle (Bhains) Colony, Landhi, Karachi Tel: BUFFERZONE NAGAN CHOWRANGI BRANCH Plot No. 32, Sector 11-H, North Karachi Township Scheme, Karachi Tel: Fax: CIVIC CENTER BRANCH Ground Floor, Civic Center, Gulshan-e-Iqbal, Karachi Tel: CLIFTON BRANCH Ground Floor, St-28, Block-5, Federation House, Clifton, Karachi Tel: , , CLOTH MARKET BRANCH Shop No. 28, Ground Floor, Cochinwala Market, Bunder Road Quarters, Karachi Tel: , Fax: COURT ROAD BRANCH Ground Floor, G-5-A, Court View Apartments, Opposite Sindh Assembly, Karachi Tel: , Fax: DR. ZIAUDDIN AHMED ROAD Plot No.2/1, Sheet No. C 11-9, Imperial Court, Dr. Ziauddin Ahmed Road, Karachi Tel # DHORAJEE BRANCH Plot # 35/243, Block 7 & 8, C.P. Berar Co-operative Housing Society, Dhorajee Colony, Karachi Tel: , , Fax: DHA PHASE-II BRANCH Plot No. 13-C, Commercial Area 'A', DHA Phase-II, Karachi Tel: DHA PHASE-IV BRANCH Shop # 1,2,3, and 4, Plot No.III 9th Commercial Street, Phase-IV, DHA, Clifton Cantonment, Karachi Tel: , Fax: DHA 26th STREET BRANCH Plot No.14-E, 26th Street, Phase 5 Ext., D.H.A,, Karachi Tel: , Fax: GARDEN EAST BRANCH Plot No. GRE-491/2-B, Shop No. 2 & 3, Seven Star Residency, Garden East Quarters, Karachi Tel: , GIZRI BRANCH Commercial Plot No. G-1/2 & 23. Lower Gizri Bazar Area, Clifton Cantonment, Karachi Tel: , Fax: GOLE MARKET BRANCH Plot # 16, Row # 18, Sub-Block-F, Block-III, Gole Market, Karachi Tel: , Fax: GULISTAN-E-JOHAR BRANCH Shop # 7 & 8, Casim Paradise, Block-18, Scheme 33, Gulistan-e-Johar, Karachi Tel: , Fax: GULSHAN-E-HADEED BRANCH Plot No.C-53, Phase-I,Gulshan-e-Hadeed, Karachi Tel: , Fax: GULSHAN-E-IQBAL BRANCH Fl : 1/13, block 5, KDA Scheme No.24, Main Rashid Minhas Road, Gulshan-e-Iqbal Karachi Tel: , , GULSHAN-E-MAYMAR BRANCH Plot No.SB-016, Sector-7, Sub-Sector IV, Gulshan-e-Maymar, Karachi Tel: , Fax: HYDERI BRANCH Plot No. SD-27, Block-G, Scheme No.2. Hyderi Market, North Nazimabad, Karachi Tel: , , Fax: I.I. CHUNDRIGAR ROAD BRANCH Ground Floor, P & O Plaza, Opposite I.I. Chundrigar Road, Karachi Tel: , , JAMSHED QUARTER BRANCH House # 13/B, Plot # 710/6, Survey Sheet # J.M. Quarters, Karachi Tel: , Fax: JODIA BAZAR BRANCH Plot No.57 & 59, Daryalal Street, Selani Center, Jodia Bazar, Napier Quarter, Karachi Tel: , Fax: KARACHI ADMINISTRATION SOCIETY BRANCH Plot # SA/90, Block-8, K.A.E.C.H.S., Society, Opposite Shaheed-e-Millat Road, Karachi Tel: , Fax: KARACHI UNIVERSITY Main Campus, University of Karachi, University Road, Karachi. Tel: KARIMABAD BRANCH C-23, Al-Habib Blessing, Block-4, Federal B Area, Meena Bazar, Karimabad, Karachi Tel.: KHAYABAN-E-ITTEHAD BRANCH Plot No.128-N, Muslim Commercial Area, Khayaban-e-Ittehad, DHA, Phase-VI, Karachi Tel: , Fax: KHAYABAN-E-SHAHBAZ BRANCH Plot No.11-C, Shop No.1 & 2, Ground Floor, Shahbaz Lane-2, Phase-VI, Pakistan Defence Housing Authority, Karachi Tel: , KORANGI INDUSTRIAL AREA BRANCH Plot No.27/28, Showroom No.5, Korangi Industrial Area, Sector-16, Karachi Tel: , , Fax: KEHKASHAN CLIFTON BRANCH Plot No. F/101, Block # 7, Scheme No. 5, Kehkashan, Clifton, Karachi Tel: , LANDHI BRANCH Quarter No.14/10, Block-5 D, Landhi Township, Karachi Tel: , Fax:

65 LEA MARKET BRANCH Plot Survey # 2, Lea Quarters, Lea Market, Karachi Tel: , Fax: LIAQUATABAD BRANCH Plot # 2, Block-3, Machine Area, Survey Sheet # 7/9, Liaquatabad, Karachi Tel: , Fax: M. A. JINNAH ROAD BRANCH Plot# 28/2, Shop No. 13, 14 & 15, Amber Medical Centre, M.A. Jinnah Road, Karachi Tel: MALIR CITY BRANCH Plot No. 46, Block-A, Malir Township, Near Atia Hospital, National Highway, Karachi Tel.: Fax: MALIR CANTT. BRANCH Plot No.11, Block-S, Cantt. Bazar Area, Malir Cantonment, Karachi Tel: Fax: MEHMOODABAD BRANCH Plot No. 476 & 476A, MAC-II, Mehmoodabad, Karachi Tel: Fax: MEMON GOTH BRANCH Plot No. 232 Deh. Malh, Tapu Dersano Chano, Murad Memon Goth, Karachi Tel: , Fax: METROVILLE BRANCH Plot No. F-5, Block-3, Category-B, KDA Scheme, Metroville No.1, S.I.T.E., Karachi Tel: , MOHAMMAD ALI SOCIETY BRANCH Plot No. 39/F, Mohammad Ali Society, Karachi Tel: Fax: NEW CHALLI BRANCH Property Bearing # 37, Survey Sheet # SR-7, Serai Quarters New Challi, Karachi Tel: , Fax: NEW KARACHI BRANCH Plot # AS-24, Street # 3, Sector # 5-H, North Karachi Township Tel: , , NISHTAR ROAD BRANCH Shop No.1A, Ground Floor, Building Bearing Survey No.61/II, Nishtar Road, Karachi Tel: & NORTH KARACHI INDUSTRIAL AREA BRANCH 1/1, Sector 12-A, North Karachi Industrial Area, Karachi Tel: , Fax: NORTH NAPIER ROAD BRANCH Plot # 32/2, Survey # NP-10, Sheet # 10, Napier Quarters, Napier Road, Karachi Tel: , Fax: NORTH NAZIMABAD BRANCH Plot No.B-65, Block-L, Improvement Scheme # 2, North Nazimabad, Karachi Tel: , Fax: PAPER MARKET BRANCH Plot No. 22/2, Sheet No. SR.18, Serai Quarters, Saddar Town, Karachi Tel: , Fax: P.E.C.H.S. COMMERCIAL AREA BRANCH Plot No.187-3A, Shop No. 3 & 4, Ground Floor, Dawood Apartment, Block-2, P.E.C.H.S., Karachi Tel: & 73, PIA EMPLOYEES CO-OPERATIVE HOUSING SOCIETY BRANCH Plot No. B-44, Block-9, KDA Scheme # 36, PIA Employees Co-Operative Housing Society, Gulistan-e-Jauhar, Karachi Tel: Fax: PIB COLONY BRANCH Shop No. 2, Plot No. 340, Pir Illahi Bux Co-operative Housing Society Ltd., PIB Colony, Karachi Tel: Fax: PREEDY STREET, SADDAR BRANCH Property bearing # 326/2, Artillery Maidan, Preedy Street, Saddar Karachi Tel: , Fax: RASHID MINHAS ROAD BRANCH Plot No. A-2, Shop No. S12 to S-15, Akbar Paradise, Block-A, National Cement Employees Co-operative Housing Society, Rashid Minhas Road, Karachi Tel.: , Fax: SAFOORA GOTH BRANCH Plot No.SB-23, Shop No.2, Euro Heights, Block-7, KDA Scheme # 36, Gulistan-e-Johar, Karachi Tel: , SHAHEED-E-MILLAT ROAD BRANCH Show Room # G-01, Sagar Heights, Block-3, M.S.G.P. Co-operative Housing Society, Shaheed-d-Millat Road, Karachi Tel: , Fax: SHAH FAISAL COLONY House No.CB-52, Ground Floor, Alfalah Co-operative Housing Society (Drigh Colony) Shah Faisal Colony, Karachi Tel: SHAHRAH-E-FAISAL BRANCH Plot No. 30-A, Ground Floor, Showroom No. 4, 5 & 6, Progressive Centre, Block-6, P.E.C.H.S, Shahrah-e-Faisal, Karachi Tel: , Fax: SHERSHAH BRANCH Plot No. D/95, Shop # A-1 & A-2, SITE Area, Karachi Tel: , Fax: SHIREEN JINNAH COLONY BRANCH Plot No. 46, Block-I, Category-B, Scheme No. 05, Shireen Jinnah Colony, Clifton, Karachi Tel: SIR SYED HOSPITAL - SUB BRANCH Plot No. 887, Block-A, Korangi Road, Near KPT Interchange, Qayyumabad, Opposite DHA Phase-VII Ext. Karachi Tel: , Fax: SINDH SECRETARIAT SUB BRANCH C.S. No. 409, Sheet No. AM-1, Artillery Maidan Quarter, Karachi Tel: , SINDHI MUSLIM HOUSING SOCIETY BRANCH Plot No. 117 & 118, Shah Abdul Latif Education Trust, Block-A, Sub-Block B, Sindh Muslim Cooperative Housing Society, Main Chowrangi, Karachi Tel: , & 33 Fax: S.I.T.E. BRANCH B/9-B-2, S.I.T.E., Karachi Tel: , Fax: SOHRAB GOTH BRANCH Shop # 14/A & B, 15/A & B, Ground Floor, Al-Asif Square, Sohrab Goth, Karachi Tel: , Fax: STOCK EXCHANGE BRANCH Property No. 142 & 143, Third Floor, Stock Exchange Building, Karachi Tel: Fax:

66 TARIQ ROAD BRANCH Plot No. 55-C, 56-C, Central Commercial Area, Block-2, P.E.C.H.S., Karachi Tel: , Fax: TIMBER MARKET BRANCH Plot Survey # 22 (Old Survey # E-5/3-14), Lawrence Quarter, Siddique Wahab Road, Timber Market, Karachi Tel: , Fax: UNIVERSITY ROAD, GULSHAN-E-IQBAL BRANCH Shop # 2 & 3 Bearing Plot # SB-13, Ground Floor, Gulshan Centre, Block-13-C, Scheme-24, Gulshan-e-Iqbal, Karachi Tel: , Fax: WATER PUMP BRANCH Plot # 9, Block-16, Scheme # 16, Federal "B" Area, Karachi Tel: , Fax: WEST WHARF BRANCH Plot No. 20, Warehouse Area, West Wharf Road, Karachi Tel: , Fax: INTERIOR SINDH BRANCHES BADAH BRANCH Juryan No. 87, Main Badah Road, Badah, Tehsil Dokri, District Larkana Tel: , BADIN BRANCH Plot / Survey No.157, Main Bus Stop, Hyderabad Badin Road, Badin Tel: , Fax: BAWANI SUGAR MILLS SUB BRANCH Ahmed Nagar, Talhar Distt. Badin Tel: BERANI BRANCH 45 (1,2,3,) & 46 Deh Berani Taluka Jam Nawaz Ali, District Sanghar Tel: BHAN SAEEDABAD BRANCH Jaryan No.698, Main Bhan Saeedabad Road, District Jamshoro Tel: CITIZEN COLONY BRANCH, HYDERABAD Shop No. 3-7, Royal City Project, Citizen Colony, Jamshoro Road, Hyderabad Tel: , DADU BRANCH Plot No. 54, RS No.987, Opposite Degree College, Dadu City, District Dadu Tel: , Fax: DADU SUGAR MILLS SUB BRANCH Pyaro Goth, Distt. Dadu Tel: DAHARKI BRANCH Survey No. 446, Main Daharki Road, Taluka Daharki, District Ghotki Tel: , DIGRI BRANCH Plot No.118, Deh, 178 Mirwah Road, Digri District Mirpurkhas Tel: , GAMBAT BRANCH Plot No A, Near Sui Gas Office, Main Gambat Road, District Khairpur Tel: , GHARI KHATA BRANCH Shop No. CSF/C/1075,20, Qazi Qayoom Road, Hyderabad Tel: GHARO BRANCH Jaryan No.197, Main National Highway Road, Taluka Gharo, District Thatta Tel: GHOTKI BRANCH Plot/City Survey No. 890, Ward-B, Main Deviri Sahib Road, Ghotki Tel: , Fax: GHOUSPUR BRANCH Shop No.1 & 2, Shahi Bazar, Near Shah Hussain Masjid Ghouspur, Taluka Kandhkot, District Kashmore-Kandhkot Tel: , HALA BRANCH Survey No. 1397/88, Ward B, Gulshan Fahim Colony, Hala, District Matiari Tel: , Fax: ISLAMKOT BRANCH Plot No.17, 18 & 20, Near Jamia Masjid, Taluka Islamkot, District Tharparkar Tel: , Fax: JACOBABAD BRANCH Property No. 232, Ward-6, Main Quetta Road, Jacobabad. Tel: JAMSHORO BRANCH Plot No. A-133, Sindh University Employees Co-operative Housing Society, Phase-I, Taluka Kotri, District Jamshoro Tel: , JOURNALIST SOCIETY BRANCH Plot No. 9, Journalist Co-operative Housing Society, Near Center Jail, Hyderabad Tel: KANDHKOT BRANCH S.No.167, opposite Shams Petroleum Services Deh Akhero Kandhkot, District Kashmore Kandhkot Tel: , Fax: KANDIARO BRANCH Jaryan No.1588, Opposite Zarai Taraqiati Bank Ltd. Hospital Road, Taluka Kandiaro, District Naushero Feroze Tel: KASHMORE BRANCH Jaryan No.874, Main Kashmore Kandhkot Road, Kashmore District Kandhkot. Tel: , Fax: KHAIRPUR BRANCH Ground Floor, Syed Ramzan Ali Shah Trade Centre, Khairpurmirs Tel: , Fax: KHANPUR MAHAR BRANCH, DISTT. GHOTKI Plot No.115-II, Khanpur Mahar, Taluka Khan Gharh, District Ghotki Tel.: KHAIRPUR NATHAN SHAH BRANCH Shop No.C/407-A, Taluka Khairpur Nathan Shah, District Dadu Tel: , KHIPRO BRANCH Plot No. Z-437, Khipro Town, Main Sanghar Khipro Road, Taluka Khipro, District Sanghar Tel: KHOSKI SUGAR MILLS SUB BRANCH Khoski Sugar Mills Ltd. Khoski, District Badin Tel: , & KOTRI BRANCH City Survey No.290, Ward-A, Shop No. 8-10, Plot No.1, River Point Kotri, District Jamshoro Tel: , Fax: KUNRI BRANCH Plot No. 10, Survey No.263/4, Block-6, Deh Garaho, Main Station Road, Kunri, District Umerkot. Tel: , , Fax:

67 LARKANA BRANCH Ground Floor, City Survey No. 799, Raza Shah Mohalla, VIP Road, Larkana Tel: , Fax: LATIFABAD BRANCH, HYDERABAD Plot No. 06, Block-D, Unit No. VII, Latifabad, Hyderabad Tel: , MARKET AREA BRANCH, HYDERABAD Shop No. A/1194, Ward-A, Market Road, Hyderabad Tel: , MATIARI BRANCH Plot# 125, Situated Ward-A Town Opposite NADRA Office, Matiari Tel: , Fax: MALTI BRANCH, DISTRICT BADIN Plot No. 381/1, Unit-II, Category II, Noor Hamd Nodakari Colony, Taluka Malti, District Badin Tel: Fax: MEHAR BRANCH Shop No.1086, Ward-A, Mehar, District Dadu Tel: , Fax: MEHRABPUR BRANCH PTD No. III-A-43, Ward-16, Thari Road, Mehrabpur, Taluka Mehrabpur, District Naushahro Feroz Tel: MILITARY ROAD SUKKUR BRANCH Survey No. 717, Main Military Road, Sukkur Tel: , Fax: MIRPUR BATHORO Survey No.381/A, Ward-A, Main Road Sujawal to Mirpur Bathoro, Taluka Mirpur Bathoro, District Sujawal Tel: MIRPUR MATHELO BRANCH Plot No. 24(2-01) Deh, Tapo Mirpur, Main Mirpur Mathelo Road, District Ghotki Tel: , MIRPURKHAS BRANCH Plot No. RCN-18, Survey No. 864/6, Main Umerkot Road, Mirpurkhas Tel: , Fax: MITHI BRANCH Plot/Jaryan No.50, Opposite Hyderi Hotel, Mithi Tel: MORO BRANCH Plot No.14, Main Road Moro, District Naushahro Feroze Tel: , NAUDERO BRANCH Naudero Sugar Mills, Main Larkana Road, District Larkana Tel: , Fax: NAUSHAHRO FEROZ BRANCH Property Jaryan No. 185/ , Deh Survey No.137, Main Naushahro Feroz Road, Opposite National Savings Centre Taluka Tel: , Fax: NASIRABAD BRANCH Shop No.1-8, Madina Shopping Center, Mohallah Kathia Bazar, Badah Road, Nasirabad, District Kambar Shahdadkot Tel: PANO AQIL BRANCH Property Survey No. 436, Main Pano Aqil Sukkur Road,Taluka Pano Aqil, District Sukkur. Tel: , Fax: PIR JO GOTH BRANCH Shop No. 2180, Anaj Mandi, Pir Jo Goth, Taluka Kingri, District Khairpur Tel: & 53, QAMBAR BRANCH City Survey No. 121 & 122, Ward-B, Near Shahi Bazar Station Road, Qambar, Shahdadkot Tel: , , , QASIMABAD, HYDERABAD BRANCH Plot No.11, Rs No.274/1, Faraz Villas, Qasimabad, Hyderabad Tel: , , Fax: , QAZI AHMED BRANCH Survey No.313, Main Qazi Ahmed Road, Taluka Qazi Ahmed, District Shaheed Benazirabad Tel: , RATODERO BRANCH City Survey No.795/5, Ward B, Ratodero Bus Stand, Ratodero, Larkana Tel: , Fax: ROHRI BRANCH City Survey No.2181/9, Ward-B, Mohallah Kot Janullah Shah, G.T. Road, Rohri, District Sukkur Tel: Fax: SADDAR BRANCH, HYDERABAD Property No. 91/3-4, Main Saddar Cantt, Hyderabad Tel: , Fax: SAEEDABAD BRANCH Shop No. 53/2-36, Main Saeedabad Road, Taluka Saeedabad, District Matiari Tel: , , SAKRAND BRANCH Shop No.355/1-4, 356, 357, 367, Main Sakrand Road, Taluka Sakrand District Shaheed Benazirabad Tel: , SANGHAR BRANCH Plot No.A-B, City Survey No.124/A-B Co-operative Housing Society, Sanghar Tel: , Fax: SAJAWAL BRANCH Plot No.CS-239/2 & 239/3, Mohalla Ward, Near UBL, Sajawal, District Thatta Tel: , SEHWAN BRANCH Plot No./Survey No.20/49/1951, Alam Channa Mohalla, Sehwan, District Jamshoro Tel: , Fax: SHAHDADKOT BRANCH Building Survey No. 652, Ward C, Main Kotoo Motoo Chowk, Shahdadkot Tel: , Fax: SHAHDADPUR BRANCH City Survey No. 543, 548 Muhaga Land Station Road, Shahdadpur, District Sanghar Tel: , SHAHEED BENAZIRABAD BRANCH Plot No. 2481/13, VIP Road, Near Doctor's Colony, Nawabshah, District Shaheed Benazirabad Tel: , SHIKARPUR BRANCH Survey No. 34/3, Ward No. 23, Station Road, opposite Library, Shikarpur Tel: , Fax: SHIKARPUR RICE MILLS (SUB BRANCH) Shikarpur Rice Mills, Main Jacobabad Road, Village Lodhra, District Shikarpur Tel: STATION ROAD BRANCH, LARKANA Plot No.03, Near Al-Abbas Chowk, Station Road, Larkana Tel:

68 SUKKUR BRANCH Plot No. C-550/17, Shalimar, Minara Road, Sukkur Tel: , Fax: SULTANABAD BRANCH Sabzi Mandi, Sultanabad, Deh Salki Tapo Kamaro, Taluka & District Tando Allahyar Tel: TANDO ADAM BRANCH Shop No.1,2,3, Prime Tower, Hogani Colony, Hyderabad Road, Tando Adam, District Sanghar Tel: , Fax: TANDO ALLAHYAR BRANCH Plot No. 4-4A & 5, Survey No.272/1, Al Habib Plaza, Main Tando Allahyar, Hyderabad Road, Tando Allahyar Tel: , Fax: TANDO ALLAHYAR SUGAR MILLS SUB BRANCH Tando Allahyar Sugar Mills, Deh Kanidar, UC Sanjar Chang, Taluke Chamber, District Tando Allahyar Tel: TANDO MUHAMMAD KHAN BRANCH Plot. Survey No. 34, Jaryan No.13/ , Tando Muhammad Khan Tel: , THATTA BRANCH Survey No.115, near Badshahi Masjid, Thatta Sijawal Road, Thatta Tel: , , Fax: THATTA CEMENT - SUB-BRANCH Thatta Cement Company Limited, Makli Ghulamullah Road, Thatta Tel: , THUL BRANCH Property No. 484, Kandhkot Road, Thul, District Jacobabad Tel: , UMERKOT BRANCH Plot No. 52, Survey No.111, Umerkot Nagori Society, Tehsil & District Umerkot Tel: UBARO BRANCH Survey No. 714 & 722, Main Ubaro Road, Taluka Ubaro, District Ghotki Tel: BALOCHISTAN BRANCHES CHAMAN BRANCH Khasra No.1311 & 1312, Dularam Road, Chaman Tel: , DERA MURAD JAMALI BRANCH Khatoni # 3014, Block # 84, National Highway Main Bazar, Dera Murad Jamali, District Naseerabad Tel: , Fax: GAWADAR BRANCH The Cost Medical Building, Airport Road, Moza Thani Ward, Gawadar. Tel: , HUB BRANCH Shop No.1 & 2, International Shopping Mall, 7 Hotel Mouza Baroot, Tehsil Hub, District Lasbella Tel: JINNAH ROAD BRANCH, QUETTA Shop# 20-21, Ward # 18, Main M. A. Jinnah Road, Quetta Tel: , LIAQAT BAZAR BRANCH, QUETTA Property Bearing Khasra No. 75, 76, 77 & 79, Ward-22, Halqa Arban No.1, Tehsil City, Quetta Tel: , Fax: SIRKI ROAD BRANCH, QUETTA Commercial Plot # C-48-A, Small Industrial Estate, Sirki Road, Quetta Tel: , ZHOB BRANCH House # H/176-A, Shop # H/148, Tehsil Road, Zhob Tel: , NORTH REGION BRANCHES LAHORE BRANCHES ALLAMA IQBAL TOWN BRANCH 503-Karim Block (Commercial) Allama Iqbal Town, Lahore Tel: , Fax: BAHRIA TOWN BRANCH Shop No.1, 2 & 3, Ground Floor, D Plaza, Commercial Area, Bahria Town, Lahore Tel: , BANK SQUARE MODEL TOWN LAHORE Shop No.88, Bank Squre Market, Model Town, Lahore. Tel: BURKI BRANCH Khasra # 1523, Khewat # 50, Khatoni # 82, Village Burki, Lahore Tel: Fax: CIRCULAR ROAD BRANCH Shop No.1, SE-38-R-55/D, Opposite Akbari Mandi, Circular Road, Lahore Tel: , Fax: DAROGHAWALA, LAHORE Khasra No.449/289, Khewat No.289, Khtoni No.639, Main G.T. Road, Hadbast Masoodpura Daroghawala, Lahore Tel: Fax: DAVIS ROAD BRANCH Plot No. 28, Escorts House, Davis Road, Lahore Tel: Fax: DEPALPUR BRANCH, DISTRICT OKARA Khewat No , Grains Market, Main Bazar Depalpur, District Okara Tel: DHA BRANCH Plot No.159, Sector Y, Commercial Area, Defence Housing Authority, Lahore Cantt Tel: , DHA PHASE-V BRANCH Plot No. CCA-39, Phase 5-C, Defence Housing Authority, Lahore Tel: DHA PHASE-VI BRANCH 15-C, Main Boulevard, DHA Phase-VI, Lahore Tel: , FAISAL TOWN BRANCH Plot No. 25, Block A, Near Faisal Hospital, Faisal Town, Lahore Tel: Fax: FATEH JANG BRANCH, DISTT. ATTOCK Shop No.1-5, Ward No.6, Moza Fateh Jang, District Attock Tel: FEROZEPUR ROAD BRANCH Plot S-86-R-79, 79/2, Main Ferozepur Road, Ichra, Lahore Tel: GHARI SHAHU BRANCH Property No. SE-6R-107/B, Ground Floor, Allama Iqbal Road, Ghari Shahu, Lahore Tel: GHURKI BRANCH Khewat No. 8, Khatooni No. 576/568, Khata No.156/702, Ghurki Union Council, District Lahore Tel: ,

69 JOHAR TOWN BRANCH Plot No. 7, Block-B, Near Allah Hoo Chowk Johar Town, Lahore Tel: , Fax: LIDHAR BRANCH Village Lidhar, Wagha Town, Lahore Tel: Fax: MANGA MANADI BRANCH Kewat No. 493, Khatoni No. 711 to 715, Khasra No. 1712,1722,1755, 1756,1757 & 1788 Manga Manadi, (near Javed High School) Lahore, Tesil & District Lahore. Tel: MAIN BOULEVARD DHA BRANCH Shop No. 4, Mujtaba Plaza, Main Boulevard, DHA, Lahore Cantt. Tel: , MAIN BOULEVARD GULBERG BRANCH 61-Main Bolulevard, Gulberg, Lahore Tel: , Fax: MOHLANWAL BRANCH Khewat No.126, Khatoni No. 524 to 527, Main Defence Road, Village Mohlanwal, Lahore Tel: , MUGHAL PURA BRANCH Plot No.13, Street No.17, Near Lalpul, Mughal Pura, Lahore Tel: PECO ROAD BRANCH Plot No.1-C/P-II, Phase-III, Main Peco Road, Lahore Tel: , Fax: RAIWIND BRANCH, LAHORE Plot 4-A, Mousa Niaz Baig, Main Raiwind Road, Lahore Tel: SHAHDARA LAHORE Shop No. 1 & 2, Malik Market, Bus Stop Yousaf Park, Sheikhupura Road, Shahdara Lahore. Tel: SHAHRAH-E-FATIMA JINNAH BRANCH G-4, G-12 & 13, Queens Center, 33-Shahrah-e-Fatima Jinnah (Queens Road), Lahore Tel: Fax: VILLAGE KAHNA BRANCH Hakim Ghulam Hussain Colony, Mozoa Gajomata, Kahna, Distt. Lahore Tel: , VILLAGE MINHALA BRANCH, LAHORE Village Minhala, Main Road, Near Govt. Higher Secondary School, Tehsil Shalamar, District Lahore Tel: WALTON ROAD BRANCH House No. E/48, Khasra No. 2328/280, Kheot No.1, Khatoni No. 537, Super Town, Walton Road, Lahore Tel: WAPDA TOWN BRANCH Plaza No.12, Block-A-1, P.E.C.H.S., Valencia (Commercial Area), Wapda Town, Lahore Tel: RAWALPINDI/ISLAMABAD BRANCHES BANK ROAD, BRANCH RAWALPINDI Kichlew Building, Bank Road, Saddar, Rawalpindi Tel: , BLUE AREA BRANCH, ISLAMABAD Shop No. 1-5 & Mezzanine 1, Sohrab Plaza, Jinnah Avenue, Blue Area, Islamabad Tel: , , E-11 BRANCH, ISLAMABAD Plot No.1, Sector E-11/3, M.P.C.H.S, Islamabad Tel: , Fax: F-11 MARKAZ, ISLAMABAD BRANCH Plot No. 39, Shops No. 3, 4, 5, 18, & 19, Near Rahat Bakery, F-11, Markaz, Islamabad Tel: MUREE ROAD BRANCH, RAWALPINDI K-583, Ch. Mouladad Khan Road, Main Murree Road, Rawalpindi Tel: , , PESHAWAR ROAD BRANCH, RAWLPINDI Plot No.1211, Chur Harpal, Near Govt. College for Women, Peshawar Road, Rawalpindi Tel: Fax: PWD HOUSING SOCIETY ISLAMABAD BRANCH 3-Civic Center, Block-A, PWD Employees Cooperative Housing Society Islamabad Tel: , , Fax: RAJA BAZAR BRANCH, RAWALPINDI Shop No. U/1328, Dingi Khuee, Raja Bazar, Rawalpindi Tel: , , TARAMARI BRANCH ISLAMABAD Khewat No.18, Khatoni No.19, Khasra No.197/139, Taramari, Tehsil & District Islamabad Tel: , WAH CANTT BRANCH RAWALPINDI 82-A, Minar Road, Lala Rukh, Wah Cantt. Tel: OTHER NORTH BRANCHES ADDA JANPUR BRANCH DISTT. RAHIM YAR KHAN KLP Road, Adda Janpur, Tehsil Liaqatpur, Distt. Rahim Yar Khan Tel: ALI PUR CHATHA BRANCH Khewat No. 979, Khatooni No.1414, Khasra No. 3620/1683, Gujranwala Road, Ali Pur Chatha, Tehsil Wazirabad, District Gujrawanwala Tel: , , ASHRAFABAD BRANCH, DISTRICT BAHAWALPUR Ashrafabad Sugar Mill, Village Ashrafabad, Disrtict Bahawalpur Tel: , ALI WALA BRANCH Khewat No. 403, 414, 507, Village Ali Wala, Tehsil & District Muzaffargarh Tel: CHAK GHANIAN, BRANCH DISTRICT GUJRAT Village & PO Chak Ghanian, Tehsil Sarai Alamgir, District Gujrat Tel: , CHICHAWATNI BRANCH Plot No. 376, Main Bazar Chichawatni, District Sahiwal Tel: , Fax: CHINIOT BRANCH Khewat No. 3133/3117, Khasra No.13557/9602, Chah Karian Wala, Faisalabad Road, Chiniot Tel: , DALWAL BRANCH, CHAKWAL Village & Post Office Dalwal, Tehsil Choa Saidan Shah, District Chakwal Tel: , DERA GHAZI KHAN BRANCH Opposite Medical Collge, Jampur Road, Dera Ghazi Khan Tel: Fax: FAISALABAD BRANCH 7-D, Commercial Area, People Colony No. 1, Faisalabad Tel: , G.T. ROAD GUJRANWALA BRANCH Property No. B-XII-7S-60/A, Bhatia Nagar, G.T. Road, Gujranwala Tel: , ,

70 GAGGO MANDI BRANCH Khewat No. 58, Chak No.187/E.B. Opposite Police Station, Main Multan Road, Gaggo Mandi, Tehsil Burewala, District Vehari Tel: , GILGIT BRANCH Khasra No.104/ , Khewat No.185/185, Z.S. Plasa, Main Shahrah-e-Quaid-Azam, Gilgit Tel: , Fax: HARAPPA BRANCH Main G.T. Road, Near Harappa Railway Station, Harappa, District Sahilwal Tel: , HAROONABAD DISTRICT BRANCH BAHAWALNAGAR Plot No. 1/7, Bangla Road, Opposite Grain Market, Haroonabad, District Bahawalnagar Tel: HAVELI LAKHA BRANCH DISTRICT OKARA Khewat No. 410/410, Khatoni No. 526 to 542, Khasra No. 35, Pakpatan Road, Haverli Lakha, Tehsil Depalpur, District Okara Tel: JEHLUM BRANCH Property No. 17, Kohinoor Plaza, Old G.T. Road, Jehlum Tel: JANDIALA DHABWALA BRANCH Khewat No. 216, Khatoni No , G.T. Road, Jandiala Dhabwala, Near Motorway Police Office, District Gujranwala Tel: Fax: KALRA KHASA BRANCH Khewat No. 91, Khatoni No.140, Khasra No. 648, G.T. Road, Near Vita Fan, Shabnum Colony, Kalra Khasa, Tehsil & District Gujrat Tel: , KASUR BRANCH B-2/13, R-1/D, Haji Farid Road, Kasur Tel: KHANEWAL BRANCH Plot No.1743, Ground Floor, Sir Syed Road, Khanewal Tel: KUNJAH BRANCH Plot No. 5-A/15, Ward No. 3, Kunjah, Tehsil & District Gujrat. Tel: , LALAMUSA BRANCH Plot No.1/123 Tehsil Kharian, Lalamusa, District Gujrat Tel: , Fax: LILA BRANCH, DISTRICT JEHLUM Post Office Lilla Town, Tehsil Pind Daden Khan, District Jehlum Tel: , Fax: MULTAN BRANCH 64-Abdali Road, Multan Tel: , , Fax: MANAWALA BRANCH DISTRICT SHEIKHUPURA Main Bazar Village Manawala, Sheikhupura Tel: MIAN CHANNU BRANCH Khewat No. 635, Khatooni No. 647, Khasra No.1671 & 1672, Lakar Mandi, Mian Channu, District Khanewal Tel: , MORR AIMANABAD BRANCH Khasra No.1215/1 & 2, Khewat No.968, Khatoni No.1126, Main G.T. Road, Morr Aminabad, District Gujranwala Tel: , MOUZA GOJRA BRANCH Khasra No.12/22/2, Khewat No.64/65, Khatoni No. 435,Mouza Gojra, Tehsil Malakwal, District Mandi Bahauddin Tel: NANKANA SAHIB BRANCH Khewat No. 309, Khatoni No. 521, Khasra No.1503 & 1504, Ghala Mandi, Tehsil & District Nankana Sahib Tel: OKARA BRANCH Khasra # 52/12/1, Khewat # 428, Khatoni No. 1085, Mian Colony, M. A. Jinnah Road, Okara Tel: , Fax: PINDI BAHAUDDIN BRANCH Village Pindi Bahauddin, Rasool Road, Tehsil & District Mandi Bahauddin Tel: , RAHIM YAR KHAN BRANCH 24 Model Town, Rahim Yar Khan Tel: , SARGODHA BRANCH Prince Cinema Market, Railway Road, Sargodha Tel: , Fax: SATGARAH DISTRICT OKARA BRANCH Adda Chow, Sat Garah, Tehsil and District Okara Tel: , SIALKOT BRANCH Khasra No. 834/2, Khatooni # 39, Khewat No. 29, Shahab Pura Road, Near Masjid Tajdar-e-Madina, Sialkot Tel: , TALAGANG ROAD, BRANCH,CHAKWAL Khasra No. 6150/2284, Khewat No. 68, Khatooni No.143, Talagang Road, Chakwal Tel: TOBA TEK SINGH BRANCH Khewat No.7/7, Khatoni No.7, Allama Iqbal Road, Mohalla Janj Ghar, Toba Tek Singh Tel: , VILLAGE HUJRA SHAH MUQEEM Khasra No.362/354, Khewat No.859, Hujra Road, Near Gillani Marriage Hall, Hujra Shah Muqeem, Tehsil Depalpur, District Okara Tel: KPK & MIRPUR AJK BRANCHES ABBOTTABAD BRANCH Opposite Radio Pakistan, Mansehra Road, Abbottabad Tel: , Fax: G.T. ROAD, PESHAWAR BRANCH Shop No.1 & 2 Jibran Adeel Plaza, Bilal Town, G.T. Road, Peshawar Tel: Fax: HAYATABAD BRANCH, PESHAWAR Unit No.13, Sector D-1, Phase-1, Bilal Commercial Market, Hayatabad, Peshawar Tel: , , KARKHANO MARKET BRANCH, PESHAWAR C-Block, Palace Plaza, Karkhano Market, Regi Lalma, Peshawar Tel: , Fax: KOHAT BRANCH Shop No 889 to 896, Syed Saadullah Shah Building Kacher Chowk, Bank Square, Hangu Road, Kohat Tel: MERAN BRANCH Village Mehran Tehsil Parva (Tandianwala Sugar Mills Ltd) Dera Ismail Khan Tel:

71 MIRPUR AZAD KASHMIR BRANCH Ground Floor, Portion No. 2, Younus Plaza, Allama Iqbal Road, Mirpur, Azad Jammu & Kasmir Tel: , MUZAFFARABAD BRANCH Khasra No.1845/1314, Bank Road, Muzaffarabad Tel: , PESHAWAR BRANCH Shop No. 4, Ground floor, Jasmine Arcade, 1-Bashir lane, Fakhar-e-Alam Road, Peshawar Tel: , RAWALAKOT, AJK BRANCH Plot No. D-20, Housing Scheme, Rawalakot, AJK. Tel: UNIVERSITY ROAD PESHAWAR BRANCH Khata No.179/661 & 662 New Khata, Jamabandi No.193/738, University Road, Peshawar Tel: Fax: ISLAMIC BANKING BRANCHES AIRPORT ROAD QUETTA (ISLAMIC) Khasra No.1246/140, Ground Floor, Pak Red Crescent Balochistan Almo Chowk, Airport Road, Quetta Tel: ALLAMA SHABBIR AHMED USMANI RD. BRANCH Shop No. 2,3, & 4, Shaheen Heights, Block-7, KDA Scheme No.24, Gulshan-e-Iqbal, Karachi. Tel.: ASHRAF ROAD BRANCH, PESHAWAR Haji Darvesh Plaza, New Rampur Gate,Ashraf Road, Peshawar Tel: , DADYAL, AJK BRANCH Commercial Plots No.108 & 109, Dadyal Hamlet, District Mirpur Azad Kashmir. Tel: EIDGAH ROAD BRANCH, BAHAWALPUR Khata No. 62/119, Moza Bahawalpur, Milad Chowk, Eidgah Road, Bahawalpur Tel: , GHALLA MANDI BRANCH, SHEIKHUPURA Shop No.V-4, S112, Ghalla Mandi, Sheikhupura Tel: GHORI TOWN BRANCH, RAWALPINDI Plot # MC-16, Ghori Town, Phase-IV, Rawalpindi Tel: KACHEHRI ROAD BRANCH, GUJRAT Khewat No , Khatooni No , Khasra No. 2199/490, 2205/492, 2201/490, Nanwan Shah Pur, Kacheheri Road, Gujrat Tel: KHAYABAN-E-ITTEHAD BRANCH, KARACHI Plot # 13-C, Khayaban-e-Ittehad, Phase-II Ext., DHA, Karachi. Tel: Fax: MODEL COLONY BRANCH Plot No. 9-1/2-A, Model Colony, Near National Saving Centre, Karachi Tel.: MALL ROAD BRANCH, LAHORE Shop No. 30 & 30/A, 1ST & 2ND Floor, Plot No. S.19-R-30, Commercial Building, Shahrah-e-Quaid-e-Azam, Mall Road, Lahore. Tel: Fax: MARDAN BRANCH Shop No. C-959/C, B/435/5, Survey No. 127/4 (New No. 401) Bank Road Mardan Cantt. Mardan Tel: SAHIWAL BRANCH Khewat # 142, Khatoni No. 161, Liaquat Road, Sahiwal Tel: Fax: SAMANABAD BRANCH, LAHORE Plot # 91, Main Road, Samanabad Lahore Tel: ISLAMIC BANKING WINDOWS (IBWs) Bahadurabad Branch, Karachi Shop # 4, The City Towers, Bahadur Yar Jang Cooperative Housing Society, Alamgir Road, Karachi Tel: Fax: Clifton Branch, Karachi Ground Floor, Block-5, Federation House, Abdullah Shah Ghazi Road, Clifton, Karachi Tel: , Fax: DHA, Phase-V, Lahore CCA-39, Phase 5-C, DHA, Lahore Tel: Fax: Dhorajee Branch, Karachi Block 7 & 8, C.P., Berar Cooperative Housing Society, Dhorajee Colony, Karachi Tel: Fax: DHA, Phase-II Branch, Karachi Plot # 13-C, Commercial Area "A", DHA Phase-II, Karachi Tel: Fax: Ferozepur Road, Lahore 79/2, Main Ferozepur Road, Ichra, Lahore Tel: Fax: Ghari Shahu Road, Lahore Property # SE-6R-107/B, Allama Iqbal Road, Ghari Shahu, Tel: Fax: I.I. Chundrigar Road Branch, Karachi P & O Building, I.I. Chundrigar Road, Karachi Tel: Fax: PECO Road Branch, Lahore Phase-III, Main Peco Road, Lahore Tel: Fax: Raiwind Road Branch, Lahore Plot # 4-A, Sultan Town, Main Raiwind Road, Lahore Tel: Fax: Sohrab Goth Branch, Karachi Ground Floor, Al-Asif Square, Sohrab Goth, Karachi Tel: Fax: Sindhi Muslim Housing Society Branch, Karachi Shah Abdul Latif Education Trust, Block-A, Sub-Block B, Sindhi Muslim Housing Society, Main Chowrangi, Karachi Tel: Fax: Tariq Road Branch, Karachi 56-C, Central Commercial Area, PECHS, Block-2, Karachi Tel: Fax:

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