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					Standard Chartered Bank (Pakistan) Limited
     Financial Statements
           For the year ended
           31 December 2007
                                       KPMG Taseer Hadi & Co.                             Telephone        +92 (21) 568 5847
                                       Chartered Accountants                              Fax              +92 (21) 568 5095
                                       Sheikh Sultan Trust Building No.2                  Internet         www.kpmg.com.pk
                                       Beaumont Road.
                                       Karachi 75530 Pakistan


           Auditors’ Report to the members

           We have audited the annexed unconsolidated balance sheet of Standard Chartered Bank (Pakistan) Limited as at
           31 December 2007 and the related unconsolidated profit and loss account, unconsolidated cash flow statement
           and unconsolidated statement of changes in equity together with the notes forming part thereof (here-in-after referred
           to as the ‘financial unconsolidated statements’) for the year then ended, and we state that we have obtained all the
           information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of
           our audit.


           It is the responsibility of the Bank’s Board of Directors to establish and maintain a system of internal control, and
           prepare and present the financial statements in conformity with the approved accounting standards and the
           requirements of the Banking Companies Ordinance, 1962 (LVII of 1962), and the Companies Ordinance, 1984 (XLVII
           of 1984). Our responsibility is to express an opinion on these statements based on our audit.


           We conducted our audit in accordance with the International Standards on Auditing as applicable in Pakistan. These
           standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
           statements are free of any material misstatement. An audit includes examining, on a test basis, evidence supporting
           amounts and disclosures in the financial statements. An audit also includes assessing accounting policies and
           significant estimates made by management, as well as, evaluating the overall presentation of the financial statements.
           We believe that our audit provides a reasonable basis for our opinion and after due verification, which in case of
           loans and advances covered more than 60 percent of the total loans and advances of the bank, we report that:


           (a)        in our opinion, proper books of accounts have been kept by the Bank as required by the Companies
                      Ordinance, 1984 (XLVII of 1984);
           (b)        in our opinion:
                      (i)     the balance sheet and profit and loss account together with the notes thereon have been drawn up
                              in conformity with the Banking Companies Ordinance, 1962 (LVII of 1962), and the Companies
                              Ordinance, 1984 (XLVII of 1984), and are in agreement with the books of account and are further in
                              accordance with accounting policies consistently applied;
                      (ii)    the expenditure incurred during the year was for the purpose of the Bank’s business; and
                      (iii)   the business conducted, investments made and the expenditure incurred during the year were in
                              accordance with the objects of the Bank and the transactions of the Bank which have come to our
                              notice have been within the powers of the Bank;




49   Standard Chartered Annual Report 2006
(c)       in our opinion and to the best of our information and according to the explanations given to us, the unconsolidated
          balance sheet, unconsolidated profit and loss account, unconsolidated cash flow statement and unconsolidated
          statement of changes in equity together with the notes forming part thereof conform with approved accounting
          standards as applicable in Pakistan, and give the information required by the Banking Companies Ordinance,
          1962 (LVII of 1962), and the Companies Ordinance, 1984 (XLVII of 1984), in the manner so required and give
          a true and fair view of the state of the Bank’s affairs as at 31 December 2007, and its true balance of the profit,
          its cash flows and changes in equity for the year then ended; and


(d)       in our opinion, Zakat deductible at source under the Zakat and Ushr Ordinance, 1980 (XVIII of 1980), was
          deducted by the Bank and deposited in the Central Zakat Fund established under section 7 of that Ordinance.




Date: March 04, 2008
                                                                                                  KPMG Taseer Hadi & Co.
Karachi                                                                                           Chartered Accountants




                                                                                                          www.standardchartered.com.pk   50
            Standard Chartered Bank (Pakistan) Limited
            Financial Statements




            Unconsolidated Balance Sheet
            As at 31 December 2007



                                                                           Note            2007                 2006
            ASSETS
                                                                                                             Restated
                                                                                              (Rupees in '000')


            Cash and balances with treasury banks                           7          26,295,860            22,797,606
            Balances with other banks                                       8           1,628,280             3,544,796
            Lendings to financial institutions                              9          15,225,935             3,873,224
            Investments                                                     10         40,696,466            34,629,051
            Advances                                                        11        119,537,015           129,004,118
            Operating fixed assets                                          12          3,734,139             3,369,016
            Intangible assets                                               13         28,233,852            29,066,687
            Deferred tax assets                                             14          3,201,017             3,103,776
            Other assets                                                    15         16,992,650            16,929,462
                                                                                      255,545,214           246,317,736

            LIABILITIES

            Bills payable                                                   16          6,637,388             4,259,834
            Borrowings from financial institutions                          17          6,616,065            22,045,237
            Deposits and other accounts                                     18        177,161,630           156,878,328
            Sub-ordinated loans                                             19          1,912,455             2,414,851
            Liabilities against assets subject to finance lease                               -                   9,724
            Other liabilities                                               20         20,151,366            20,479,649
            Deferred tax liabilities - net
                                                                                      212,478,904           206,087,623
            NET ASSETS                                                                 43,066,310            40,230,113

            REPRESENTED BY:

            Share capital                                                   21         38,715,850            38,715,850
            Reserves                                                        22          1,653,044             1,113,606
            Unappropriated profit                                                       2,971,681               729,214
                                                                                       43,340,575            40,558,670
            Deficit on revaluation of securities - net of deferred tax      23           (274,265)             (328,557)
                                                                                       43,066,310            40,230,113

            CONTINGENCIES AND COMMITMENTS                                   24

            The annexed notes 1 to 44 form an integral part of these
            financial statements.




                 Badar Kazmi                     Shayne Nelson           Ebenezer Essoka              Munnawar Hamid
                Chief Executive                     Director                 Director                     Director
            Dubai : March 04, 2008
51   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements




Unconsolidated Profit and Loss Account
For the year ended 31 December 2007




CONTINUING OPERATIONS                                        Note         2007                2006
                                                                                            Restated
                                                                              (Rupees in'000')

Mark-up / return / interest earned                            25        22,530,080             14,565,027
Mark-up / return / interest expensed                          26        (6,338,119)             (4,228,716)
Net mark-up / interest income                                           16,191,961             10,336,311

Provision against non-performing loans and advances       11.4 & 20.3   (6,236,931)             (1,477,286)
Recovery of amounts written off in previous years                           184,448                119,621
Provision for diminution in the value of investments                           (474)                   (45)
Bad debts written off directly                                                   -                (206,099)
                                                                         (6,052,957)            (1,563,809)
Net mark-up / return / interest income after provisions                 10,139,004               8,772,502

NON MARK-UP / NON INTEREST INCOME

Fees, commission and brokerage income                                     3,950,282              2,502,511
Dividend income                                                              27,768                 77,851
Income from dealing in foreign currencies                                 1,116,633                699,354
Gain on sale of securities                                    27             87,044                138,715
Unrealized (loss) / gain on revaluation of investments
  classified as held for trading                                             (3,326)                    5
Other income                                                  28           934,310                268,803
Total non mark-up / interest income                                      6,112,711              3,687,239
                                                                        16,251,715             12,459,741
NON MARK-UP / NON INTEREST EXPENSES

Administrative expenses                                       29        (12,081,963)            (5,072,060)
Other provisions / assets write offs                                              -                 (26,992)
Other charges                                                 30              (78,518)                 (510)
Total non mark-up / interest expenses                                   (12,160,481)            (5,099,562)
                                                                           4,091,234             7,360,179
Extra-ordinary / unusual items                                                    -                     -
PROFIT BEFORE TAXATION FROM CONTINUING OPERATIONS                          4,091,234             7,360,179
Taxation - current                                                        (1,405,351)           (2,131,037)
         - prior years                                                        (47,826)             197,319
         - deferred                                                          125,982               282,996
                                                              31          (1,327,195)           (1,650,722)
PROFIT AFTER TAXATION FROM CONTINUING OPERATIONS                           2,764,039             5,709,457




                                                                                    www.standardchartered.com.pk   52
      Standard Chartered Bank (Pakistan) Limited
      Financial Statements




      Unconsolidated Profit and Loss Account
      For the year ended 31 December 2007




                                                                                        Note      2007               2006
                                                                                                                   Restated
                                                                                                     (Rupees in'000')

       PROFIT AFTER TAXATION FROM CONTINUING OPERATIONS                                         2,764,039        5,709,457

       DISCONTINUING OPERATIONS
       Profit from discontinuing operations (net of tax of Rs.31,885 thousand)
                                                                                       6            2,729              -
       PROFIT AFTER TAXATION                                                                    2,766,768        5,709,457

                                                                                               Rupees           Rupees
      BASIC/ DILUTED EARNINGS PER SHARE                                                32           0.71              3.06

      The annexed notes 1 to 44 form an integral part of these financial statements.




           Badar Kazmi                      Shayne Nelson                Ebenezer Essoka            Munnawar Hamid
          Chief Executive                      Director                      Director                   Director
      Dubai : March 04, 2008
53   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements




Unconsolidated Cash Flow Statement
For the year ended 31 December 2007




CASH FLOW FROM OPERATING ACTIVITIES                                      2007                2006
                                                                            (Rupees in '000')



 Profit before taxation                                                  4,125,848             7,360,179
 Dividend income                                                            (27,768)             (77,851)
                                                                         4,098,080             7,282,328
 Adjustments for:
 Depreciation                                                              609,625               251,917
 Amortization                                                              900,656               342,837
 Gain on disposal of fixed assets                                             (521)               (1,072)
 Finance charges on leased assets                                               -                  3,762
 Other provisions/write offs                                                    -                 26,992
 Provision for diminution in the value of investments                          474                    45
 Provision against loans and advances - net                              6,052,483             1,563,764
                                                                         7,562,717             2,188,245
                                                                        11,660,797             9,470,573
 Decrease / (Increase) in operating assets
 Lendings to financial institutions                                     (11,352,711)          16,378,795
 Held-for-trading securities                                               (559,196)            2,003,263
 Advances                                                                 3,414,620          (14,986,102)
 Other assets                                                                (32,406)          (4,378,015)
                                                                         (8,529,693)             (982,059)
 (Decrease)/ Increase in operating liabilities
 Bills payable                                                             2,377,554              66,681
 Borrowings from financial institutions                                 (15,429,172)          (9,839,368)
 Deposits & other accounts                                               20,283,302           (6,542,680)
 Other liabilities                                                           624,086           7,287,148
                                                                           7,855,770          (9,028,219)
 Cash inflow before taxation                                             10,986,874             (539,705)
 Income tax paid                                                          (1,739,359)         (2,634,295)
 Net cash generated / (used in) from operating activities                  9,247,515          (3,174,000)
CASH FLOW FROM INVESTING ACTIVITIES

 Net investments                                                         (5,441,305)          12,835,478
 Dividend income received                                                    27,768               77,851
 Cash outflow on acquisition of Union Bank                                      -            (29,419,441)
 Net Investment in operating fixed assets including intangible assets    (1,103,714)            (516,070)
 Sale proceeds on disposal of fixed assets                                   61,666               18,616
 Net cash inflow used in investing activities                            (6,455,585)         (17,003,566)




                                                                                    www.standardchartered.com.pk   54
      Standard Chartered Bank (Pakistan) Limited
      Financial Statements




      Unconsolidated Cash Flow Statement
      For the year ended 31 December 2007




      CASH FLOW FROM FINANCING ACTIVITIES                                              Note          2007                2006
                                                                                                        (Rupees in '000')



         Amount received from SCB PLC (UK) for the purpose of financing acquisition                   -           29,397,850
         Repayment of sub-ordinated term finance certificates                                   (502,396)             (16,316)
         Remitttances made in respect of branches profit to SCB UK                              (698,072)         (4,026,973)
         Payment of lease obligations                                                              (9,724)            (28,823)
         Net cash (used in)/ from financing activities                                        (1,210,192)         25,325,738
         Increase in cash and cash equivalents for the year                                    1,581,738           5,148,172
         Cash and cash equivalents in Union Bank at the date of acquisition                           -            9,926,354
         Cash and cash equivalents at beginning of the year                                   26,342,402          11,267,876
         Cash and cash equivalents at end of the year                            33           27,924,140          26,342,402

      The annexed notes 1 to 44 form an integral part of these financial statements.




               Badar Kazmi                   Shayne Nelson                  Ebenezer Essoka                  Munnawar Hamid
              Chief Executive                   Director                        Director                         Director
          Dubai : March 04, 2008
55   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements




Unconsolidated Statement of Changes in Equity
For the year ended 31 December 2007




                                                      Share         Head office      Share      Exchange       Statutory    Unappropriated/        Total
                                                      Capital         capital      premium      translation     reserve       Unremitted
                                                                     account                      reserve                        profit
                                                                                                    (Rupees in '000)

Balance as at 31 December 2005                                  -     4,103,942           -             -              -          4,657,389        8,761,331

Shares issued for cash                                29,397,850            -             -             -              -                -         29,397,850

Shares issued pursuant to amalgamation scheme          9,318,000     (4,103,942)    1,036,090           -              -         (4,821,600)       1,428,548

Recognised income and expense for the year                      -           -             -             -              -          5,715,609        5,715,609

Transfer to statutory reserve                                   -           -             -             -          97,139           (97,139)               -

Exchange difference on translation of net
  investment in foreign branches                                -           -             -         (19,623)           -                -            (19,623)

Transfer to payable to holding company                          -           -             -             -              -           (698,072)        (698,072)

Profit of SCB branches for 2005 remitted to
 head office                                                    -           -             -             -              -         (4,026,973)      (4,026,973)

Balance as at 31 December 2006                        38,715,850            -       1,036,090       (19,623)       97,139           729,214       40,558,670

Recognised income and expense for the
  year                                                          -           -             -             -              -          2,795,821        2,795,821

Transfer to statutory reserve                                   -           -             -             -         553,354          (553,354)               -

Exchange difference on translation of net
  investment in foreign branches                                -           -             -         (13,916)           -                -            (13,916)

Balance as at 31 December 2007                        38,715,850            -       1,036,090       (33,539)      650,493         2,971,681       43,340,575



Statement of recognised income and expenses
                                                                                                                                  2007              2006
                                                                                                                                    (Rupees in '000)

Actuarial gain on retirement benefits scheme                                                                                         44,698            9,465
Deferred tax on items recognised directly in equity                                                                                 (15,645)          (3,313)
                                                                                                                                     29,053            6,152

Profit after taxation                                                                                                             2,766,768        5,709,457

Total recognised income and expense for the year                                                                                  2,795,821        5,715,609

The annexed notes 1 to 44 form an integral part of these financial statements.




     Badar Kazmi                                 Shayne Nelson                           Ebenezer Essoka                          Munnawar Hamid
    Chief Executive                                 Director                                 Director                                 Director
Dubai : March 04, 2008
                                                                                                                                   www.standardchartered.com.pk   56
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        1.        STATUS AND NATURE OF BUSINESS

                  Standard Chartered Bank (Pakistan) Limited ("the Bank") was incorporated in Pakistan on 19 July 2006 and was
                  granted approval for commencement of banking business by State Bank of Pakistan, with effect from 30
                  December 2006. The ultimate holding company of the Bank is Standard Chartered Plc., incorporated in England.
                  Its registered office is at Standard Chartered Bank Building, I.I. Chundrigar Road, Karachi.


                  The Bank commenced formal operations on 30 December 2006 through amalgamation of entire undertaking
                  of Union Bank Limited and the business carried on by the branches in Pakistan of Standard Chartered Bank,
                  a bank incorporated by Royal Charter and existing under the laws of the England. The scheme of amalgamation
                  was sanctioned by State Bank of Pakistan vide its order dated 4 December 2006.


                  The Bank is engaged in the banking business as defined in the Banking Companies Ordinance, 1962 and has
                  a total number of 141 branches in Pakistan and 2 branches in Sri Lanka (2006: 115 branches in Pakistan and
                  2 branches in Sri Lanka) in operation at 31 December 2007.

                  Standard Chartered Bank (Pakistan) Limited has three subsidiaries. All of them are incorporated in Pakistan.

                  _            Standard Chartered Leasing Limited
                  _            Standard Chartered Modarba
                  _            Standard Chartered Services of Pakistan (Private) Limited


                  These financial statements are separate financial statements of the bank in which investments in subsidiaries
                  are accounted for on the basis of direct equity interest rather than on the basis of reported results. Consolidated
                  financial statements are presented separately.

        2.        BASIS OF PREPARATION

        2.1       Basis of presentation

                  In accordance with the directives of the Federal Government regarding the shifting of the banking system to
                  Islamic modes, the State Bank of Pakistan (SBP) has issued various circulars from time to time. One permissible
                  form of trade related mode of financing comprises of purchase of goods by the Bank from its customers and
                  immediate resale to them at appropriate mark-up in price on deferred payment basis. The purchases and sales
                  arising under these arrangements are not reflected in these financial statements as such but are restricted to
                  the amount of facility actually utilised and the appropriate portion of mark-up thereon.

        2.2       Statement of compliance

                  These financial statements have been prepared in accordance with approved accounting standards as applicable
                  in Pakistan. Approved accounting standards comprise of such International Financial Reporting Standards
                  issued by the International Accounting Standards Board as are notified under the Companies Ordinance, 1984,
                  provisions of and directives issued under the Companies Ordinance, 1984 and Banking Companies Ordinance,
                  1962 and the directives issued by State Bank of Pakistan (SBP). In case the requirements differ, the provisions
                  of and directives issued under the Companies Ordinance, 1984 and Banking Companies Ordinance, 1962 and
                  the directives issued by SBP shall prevail.

                  The SECP has approved and notified the adoption of International Accounting Standard 39, 'Financial Instruments:
                  Recognition and Measurement' (IAS 39) and International Accounting Standard 40, 'Investment Property' (IAS
                  40). The requirements of these standards have not been followed in the preparation of these financial statements
                  as the SBP has deferred the implementation of these standards for the banks in Pakistan till further instructions.
                  However, investments have been classified and valued in accordance with the requirements of various circulars
                  issued by SBP. In addition, Securities and Exchange Commission of Pakistan has notified the Islamic Financial
                  Accounting Standard (IFAS) 1 - Murabaha and IFAS 2 - Ijara issued by the Institute of Chartered Accountants
                  of Pakistan. IFAS 1 was effective for financial periods beginning on or after 1 January 2006 and IFAS 2 is
                  effective for financial periods beginning on or after 1 July 2007 for leases entered into after 1 July 2007. These
                  standards have not been adopted by stand alone Islamic branches of conventional banks pending resolution
                  of certain issues e.g. invoicing of goods, recording of inventories, concurrent application with other approved
                  accounting standards in place for conventional banks, etc. Pakistan Banks Association and Modaraba Association
                  of Pakistan have taken up the issue with SBP and Securities and Exchange Commission of Pakistan.




57   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




      During the year following new standards and interpretations became effective:

      - amendments to IAS 1, Presentation of Financial Statements relating to capital disclosures have resulted in
        certain additional disclosures;

      - International Financial Reporting Standard (IFRS) 2 - Share Based Payment and IFRIC 8 - Scope of
         IFRS 2 Share Based Payment requiring accounting for share based payments;

      - IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations requiring separate classification of
        disposal groups;

      - IFRS 6 - Exploration for and Extraction of Mineral Resources, not relevant to Bank's operations; and

      - IFRIC 10 - Interim Financial Reporting.

2.3   Basis of measurement

      These financial statements have been prepared under the historical cost convention, except that certain available
      for sale, trading and derivative financial instruments are measured at fair value.


2.4   Use of estimates and judgments

      The preparation of financial statements in conformity with approved accounting standards requires management
      to make judgments, estimates and assumptions that effect the application of accounting policies and reported
      amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. The estimates
      and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised
      in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision
      and future periods if the revision affects both current and future periods.

      In particular, information about significant areas of estimation uncertainty and critical judgments in applying
      accounting policies that have the most significant effect on the amount recognised in the financial statements
      are described in the following:

      -   Note 4         Fair value determination on acquisition
      -   Note 11        Provision for doubtful advances
      -   Note 14        Deferred taxation
      -   Note 24.6      Derivative Instruments
      -   Note 31        Income taxes
      -   Note 35        Employees retirement benefit plans

2.5   Functional and presentation currency

      These financial statements are presented in Pakistan Rupees, which is the Bank’s functional currency. Except
      as indicated, financial information presented in Pakistan Rupees has been rounded to the nearest thousand.


3.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3.1   Business acquisitions

      Acquisitions from entities under common control

      Business combinations arising from transfers of interests in entities that are under the control of the shareholder
      that controls the Group are accounted for as if the acquisition had occurred at the beginning of the earliest
      comparative period presented. For this purpose comparatives are restated. The assets and liabilities acquired
      are recognised at the carrying amounts recognised previously in the combining entity's financial statements.


      Other acquisitions

      Other business combinations are accounted for by applying the purchase method. The cost of acquisition is
      measured as the fair value of the asset given, equity instruments issued and the liabilities incurred or assumed
      at the date of exchange, plus costs directly attributable to the acquisition. Identified assets acquired are fair
      valued at the acquisition date, irrespective of the extent of any minority interest. The excess of cost of acquisition
      over the fair value of identifiable net assets acquired is recorded as goodwill.




                                                                                                        www.standardchartered.com.pk   58
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        3.2       Cash and cash equivalents

                  For the purposes of cash flow statement, cash and cash equivalents comprise of cash and balances with treasury
                  bank and balances with other banks.

        3.3       Investments

                  The Bank classifies its investments as follows:

                  a) Held for trading

                  These are securities, which are acquired with the intention to trade by taking advantage of short term market /
                  interest rate movements and are carried at market value. The surplus / deficit arising as a result of revaluation
                  at market value is taken to income.

                  b) Held to maturity

                  These are securities with fixed or determinable payments and fixed maturity that are held with the intention and
                  ability to hold to maturity. These are carried at amortised cost.


                  c) Available for sale

                  These are investments that do not fall under the held for trading or held to maturity categories and are carried
                  at market value. The surplus / deficit arising as a result of revaluation at market value is kept in a separate account
                  below equity.

                  d) Subsidiaries

                  Investments in subsidiaries are carried at amortised cost.

        3.4       Sale and repurchase agreements

                  Securities sold subject to repurchase agreements ('repos') remain on the balance sheet; the counterparty liability
                  is included in borrowings from financial institutions. Securities purchased under agreements to resell ('reverse
                  repos') are recorded as lendings to financial institutions. The difference between sale and repurchase price is
                  treated as interest/markup/return and accrued over the life of the agreements using the effective interest method.

        3.5       Advances

                  Advances are stated net of provision against non-performing advances. Specific and general provisions are made
                  based on an appraisal of the loan portfolio that takes into account Prudential Regulations issued by SBP from
                  time to time. Specific provisions are made where the repayment of identified loans is in doubt and reflect an
                  estimate of the amount of loss expected. The general provision is for the inherent risk of losses which, although
                  they have not been separately identified, are known from experience to be present in any loan porfolio. Provision
                  made / reversed during the year is charged to the profit and loss account and accumulated provision is netted
                  off against advances. Advances are written-off when there is no realistic prospect of recovery.

                  When the Bank is the lessor in a lease agreement that transfers substantially all of the risks and rewards incidental
                  to ownership of an asset to the lessee, the arrangement is presented within loans and advances.

        3.6       Operating fixed assets - tangible

                  Owned

                  Operating fixed assets are stated at cost, less accumulated depreciation. Cost includes expenditure that is directly
                  attributable to the acquisition of the items.

                  Subsequent costs are included in the asset's carrying amount or are recognised as a separate asset, as appropriate,
                  only when it is probable that future economic benefits associated with the item will flow to the Bank and the cost
                  of the item can be measured reliably. All other repairs and maintenance are charged to profit and loss account
                  during the financial period in which they are incurred.

                  Land is not depreciated. Depreciation on other assets is calculated using straight line method to allocate their
                  cost to their residual values over their estimated useful lives.

                  The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date.

                  Gains and losses on disposal of fixed assets are included in profit and loss account currently.




59   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




       Leased

       Fixed assets held under finance lease are stated at lower of fair value of asset and present value of minimum
       lease payments at the inception of lease less accumulated depreciation. Financial charges are allocated over
       the period of lease term so as to provide a constant periodic rate of financial charge on the outstanding liability.
       Depreciation is charged on the basis similar to owned assets.

3.7    Intangible assets

       Goodwill

       Goodwill represents the excess of cost of an acquisition over the fair value of the share of net identifiable assets
       acquired at the date of acquisition. Goodwill is tested annually for impairment and carried at cost less accumulated
       impairment.

       Computer software

       Acquired computer software licenses are capitalised on the basis of costs incurred to acquire and bring to use
       the specific software. These costs are amortised on the basis of the expected useful lives.

       Acquired intangibles in business combination

       Acquired intangibles in business combination that have finite lives are amortised over their economic useful life
       based on the manner that benefits of the relevant assets are consumed.

3.8    Impairment of non-financial assets

       The carrying amounts of the Bank’s non-financial assets, other than deferred tax assets, are reviewed at each
       reporting date to determine whether there is any indication of impairment. If any such indication exists then the
       asset’s recoverable amount is estimated. The recoverable amount of goodwill is estimated at each reporting
       date. An impairment loss is recognised if the carrying amount of an asset or its cash-generating unit exceeds
       its recoverable amount.

       The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value
       less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value
       using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks
       specific to the asset.

       An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised
       in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer
       exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable
       amount.

3.9    Staff retirement benefits

       Defined benefit plan

       The Bank operates approved funded pension and gratuity schemes for all its non-management employees and
       pension scheme for its management employees. The employees can opt either for pension or gratuity at the time
       of retirement / termination. The bank also operates a funded gratuity scheme for all of Union Bank employees.

       For defined benefit plans, the liability recognised in the balance sheet is the present value of defined benefit
       obligation at the balance sheet date less the fair value of plan assets. The defined benefit obligation is calculated
       annually by independent actuaries using "Projected Unit Credit Actuarial Cost Method".

       Actuarial gains and losses that arise are recognised in shareholders' equity and are presented in the statement
       of recognised income and expenses in the period they arise. Past service costs are recognised immediately to
       the extent that benefits are vested and are otherwise recognised over average period until benefits are vested
       on a straight line basis. Current service costs and any past service costs together with the expected return on
       plan assets less the effect of the unwinding of the discount on plan liabilities are charged to operating expenses.

       Defined contribution plan

       The Bank also operates a defined contribution gratuity scheme for all its management staff and a provident fund
       scheme for all its permanent staff, contributing at rates ranging from 8.33 percent to 10 percent of basic salary.

3.10   Foreign currency transactions

       Transactions in foreign currencies are translated to the Pakistan Rupees at exchange rates at the dates of the
       transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated
       to Pakistan Rupees at the exchange rate at that date. Foreign currency differences arising on retranslation are
       recognised in profit or loss.
                                                                                                       www.standardchartered.com.pk   60
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




                  The assets and liabilities of foreign operations are translated to Pakistan Rupees at exchange rates at the reporting
                  date. The income and expenses of foreign operations, are translated to Pakistan Rupees at exchange rates at
                  the dates of the transactions. Foreign currency differences are recognised in the foreign currency translation
                  reserve.

        3.11      Taxation

                  Income tax expense comprises current and deferred tax. Income tax expense is recognised in the profit and loss
                  account except to the extent that it relates to items recognised directly in equity, in which case it is recognised
                  in equity.

                  Current tax

                  Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively
                  enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

                  Deferred tax

                  Deferred tax is provided using the balance sheet method, providing for temporary differences between the carrying
                  amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes.
                  Deferred tax is not recognised for the following temporary differences: the initial recognition of goodwill, the initial
                  recognition of assets or liabilities in a transaction that is not a business combination and that affects neither
                  accounting nor taxable profit, and differences relating to investments in subsidiaries to the extent that they
                  probably will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected
                  to be applied to the temporary differences when they reverse, based on the laws that have been enacted or
                  substantively enacted by the reporting date.

                  A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available
                  against which the asset can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced
                  to the extent that it is no longer probable that the related tax benefit will be realised.


        3.12      Revenue recognition

                  Mark-up / return on advances and investments is recognised on an accrual basis using the effective interest rate
                  method, except income which warrants carry forward in compliance with the Prudential Regulations of the SBP
                  and with credit policies manual of the Bank.

                  The effective interest rate is the rate that exactly discounts the estimated future cash payments and receipts
                  through the expected life of the financial asset or liability (or, where appropriate, a shorter period) to the carrying
                  amount of the financial asset or liability. The effective interest rate is established on initial recognition of the
                  financial asset and liability and is not revised subsequently.

                  Fees and commission income are generally recognised on an accrual basis when the service has been provided.
                  Fees and commission which in substance amount to an additional interest charge, are recognised over the life
                  of the underlying transaction on a level yield basis.

                  Dividend income is recognised when the right to receive income is established. Usually this is the ex-dividend
                  date for equity securities.

        3.13      Derivative financial instruments

                  Derivative financial instruments are initially recognised at fair value and are subsequently remeasured at fair value.
                  All derivative financial instruments are carried as assets when fair value is positive and liabilities when fair value
                  is negative. Any change in the fair value of derivative financial instruments is taken to profit and loss account.

        3.14      Provisions

                  Provisions for restructuring costs and legal claims are recognised when: the Bank has a present legal or constructive
                  obligation as a result of past events; it is more likely than not that an outflow of resources will be required to settle
                  the obligation; and the amount has been reliably estimated.

        3.15      Fiduciary activities

                  The Bank commonly acts in fiduciary capacities that result in the holding or placing of assets on behalf of
                  individuals, trusts, retirement benefit plans and other institutions. These assets and income arising thereon are
                  excluded from these financial statements, as they are not assets of the Bank.




61   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




3.16   Segment reporting

       A segment is 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 Bank’s
       primary format for segment reporting is based on business segments.

3.17   Offsetting

       Financial assets and liabilities are set off and the net amount presented in the balance sheet when, and only
       when, the Group has a legal right to set off the amounts and intends either to settle on a net basis or to realise
       the asset and settle the liability simultaneously.

3.18   Subordinated liabilities

       Subordinated liabilities are initially measured at fair value plus transaction costs, and subsequently measured at
       their amortised cost using the effective interest method.

3.19   Non-current assets and disposal groups held for sale

       Non-current assets and disposal groups comprising of assets and liabilities that are expected to be recovered
       primarily through sale rather than continuing use are classified as held for sale. Immediately before being classified
       as held for sale, the assets and components of disposal group are remeasured in accordance with the bank's
       accounting policies. Thereafter, the assets and disposal group are measured at the lower of their carrying values
       and fair values less cost to sell.

3.20   Discontinuing operations

       A discontinuing operation is a component of the Bank's business that represents a separate major line of business
       or geographical area of operations that has been disposed of or is held for sale. Classification as a discontinuing
       operation occurs on disposal or when the operation meets the criteria to be classified as held for sale, if earlier.

3.21   Share-based compensation

       The Group operates cash-settled share-based compensation plans. The fair value of the employee services
       received in exchange for the grant of the options is recognized as an expense. Cash-settled awards are revalued
       at each balance sheet date with any changes in fair value charged or credited to staff costs in the profit and loss
       account.

3.22   New standards and interpretations not yet adopted

       The following standards, amendments and interpretations of approved accounting standards will be effective for
       accounting periods beginning on or after 1 January 2008:

       Revised IAS 1 - Presentation of financial statements (effective for annual periods beginning on or after 1 January
       2009). The objective of revising IAS 1 is to aggregate information in the financial statements on the basis of shared
       characteristics. The changes affect the presentation of owner changes in equity and of comprehensive income.
       It introduces a requirement to include in a complete set of financial statements a statement of financial position
       as at the beginning of the earliest comparative period whenever the entity retrospectively applies an accounting
       policy or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in
       its financial statements.

       Revised IAS 23 - Borrowing costs (effective from 1 January 2009). Revised IAS 23 removes the option to expense
       borrowing costs and requires that an entity capitalize borrowing costs directly attributable to the acquisition,
       construction or production of a qualifying asset as part of the cost of that asset. The application of the standard
       is not likely to have an effect on Bank's financial statements.

       IFRIC 9 - Reassessment of embedded derivatives - The IFRIC is effective during the year and will be applied
       together with application of IAS 39.

       IFRIC 11 – IFRS 2 - Group and Treasury Share Transactions (effective for annual periods beginning on or after
       1 March 2007). IFRIC 11 requires that a share based payment arrangement in which an entity receives goods
       or services as consideration for its own equity instruments to be accounted for as equity settled share based
       payment regardless of how the equity instruments are obtained. IFRIC 11 is not expected to have any material
       impact on the Bank’s financial statements.

       IFRIC 12 – Service Concession Arrangements (effective for annual periods beginning on or after 1 January 2008).
       IFRIC 12 provides guidance on certain recognition and measurement issues that arise in accounting for
       public-to-private concession arrangements. IFRIC 12 is not relevant to the Bank’s operations.



                                                                                                      www.standardchartered.com.pk   62
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




                  IFRIC 13 - Customer Loyalty Programmes (effective for annual periods beginning on or after 1 July 2008). IFRIC
                  13 addresses the accounting by entities that operates, or otherwise participate in, customer loyalty programmes
                  for their customers. The application of this IFRIC is not likely to have any material impact on Bank's financial
                  statements.

                  IFRIC 14 IAS 19 - The Limit on Defined Benefit Asset, Minimum Funding Requirements and their interaction
                  (effective for annual periods beginning on or after 1 January 2008). IFRIC 14 clarifies when refunds or reductions
                  in future contributions in relation to defined benefit assets should be regarded as available and provides guidance
                  on minimum funding requirements (MFR) for such asset.

        4.        BUSINESS COMBINATION

                  Pursuant to a scheme of amalgamation duly approved by State Bank of Pakistan, the entire undertaking of Union
                  Bank Limited and the banking trade and other trade business carried on by Standard Chartered Bank, a bank
                  incorporated by Royal Charter and existing under the laws of England ("SCB") as a going concern at or through
                  its permanent establishment in form of branch offices in Pakistan ("SCB Branch Business") were merged with
                  and into Standard Chartered Bank (Pakistan) Limited effective 30 December 2006.

                  Union Bank Limited

                  On 5 September 2006, the Bank acquired 95.37 per cent of the share capital of Union Bank Limited, a listed bank
                  incorporated in Pakistan. The acquired business contributed operating income of Rs. 3,045 million and profit
                  before tax of Rs. 758 million to the Bank for the period from 5 September 2006 to 31 December 2006.

                  If the acquisition had occurred on 1 January 2006, Union Bank Limited would have added approximately
                  Rs. 8,399.079 million to Bank's operating income and Rs. 1,796.657 million to profit before tax for the period.

                  Details of net assets acquired (after incorporating adjustments described in note 5) and goodwill are as follows:

                                                                                                              (Rupees in '000)

                  Purchase consideration:
                  – cash paid                                                                                     29,397,747
                  – Shares issued                                                                                  1,428,549
                  – direct costs relating to the acquisition                                                          21,694
                  Total purchase consideration                                                                    30,847,990
                  Fair value of net assets acquired                                                                4,752,680
                  Goodwill                                                                                        26,095,310



                  The goodwill is attributable to the significant synergies expected to arise from the development of Union within
                  the Standard Chartered Group and to those intangibles, such as the branch network, which are not recognised
                  separately.




63   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




The assets and liabilities arising from the acquisition are as follows:
                                                                                       Fair value        Acquiree’s
                                                                                                           carrying
                                                                                                           amount
                                                                                          (Rupees in '000)

Cash and balances with treasury banks*                                                   9,033,233            9,033,233
Balances with other banks                                                                  887,216              887,216
Lendings to financial institutions                                                       5,308,728            5,308,728
Investments                                                                             24,234,310           24,854,316
Advances                                                                                67,753,671           72,890,248
Operating fixed assets                                                                   2,653,480            1,674,388
Intangible assets other than goodwill                                                    3,302,952              156,459
Deferred tax assets                                                                      2,605,871               82,782
Other assets                                                                             2,901,651            3,697,864
Total assets                                                                           118,681,112          118,585,234

Bills payable                                                                            2,129,203            2,129,203
Borrowings from financial institutions                                                  25,683,670           25,683,670
Deposits and other accounts                                                             79,755,915           79,110,904
Sub-ordinated loans                                                                      2,431,167            2,496,820
Liabilities against assets subject to finance lease                                          1,088                1,088
Other liabilities                                                                        3,757,980            3,687,082
Total liabilities                                                                      113,759,023          113,108,767

Minority interest                                                                          169,409
Net assets acquired                                                                      4,752,680

Purchase consideration and direct costs settled in cash                                 29,419,441
Cash and cash equivalents in subsidiary acquired                                         9,920,449
Cash outflow on acquisition                                                             19,498,992
*    Cash and balances at central banks include amounts subject to regulatory restrictions.

The intangible assets acquired as part of the acquisition of Union Bank Limited can be analysed as follows:

                                                                                                      (Rupees in '000)

Brand names                                                                                                     389,400
Customer relationships                                                                                          774,680
Core deposits                                                                                                 1,982,413
Capitalised software                                                                                            156,459
Total                                                                                                         3,302,952

5.       RESTATEMENT OF PRIOR PERIODS

         In the financial statements as at 31 December 2006, the fair value amounts in relation to the acquisition of
         Union Bank Limited contained some provisional balances. During the year, as allowed by IFRS 3 “Business
         Combinations", certain adjustments to these provisional balances have been made and have been accounted
         for as these adjustments were accounted for at the date of acquisition with a corresponding adjustment to
         goodwill. Accordingly, goodwill on acquisition has increased by Rs 506.29 million. The adjustments primarily
         relate to reassessment of the value of certain loan assets (of the Bank and one of its subsidiary) and property
         acquired, together with related adjustment to deferred tax assets.




                                                                                                      www.standardchartered.com.pk   64
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




                                                                         As reported at       Adjustment           Restated at
                                                                         31 December                              31 December
                                                                              2006                                    2006
                                                                                            (Rupees in '000)

        Advances                                                           129,438,435         (434,317)          129,004,118
        Intangible assets                                                   28,560,397          506,290            29,066,687
        Deferred tax assets                                                  2,935,518          168,258             3,103,776
        Investments                                                         34,817,282         (188,231)           34,629,051
        Operating fixed assets                                               3,421,016          (52,000)            3,369,016

        6.        DISCONTINUING OPERATIONS

                  During the year ended 31 December 2007, the Board of Directors of Standard Chartered Bank (Pakistan) Limited
                  have authorised the management to approach any potential and/or interested buyers for the sale of Sri Lankan
                  branch operation of Standard Chartered Bank (Pakistan) Limited and get the due diligence carried out by the
                  interested buyer.

        7.         CASH AND BALANCES WITH TREASURY BANKS

                                                                                 Note                 2007              2006
                                                                                                         (Rupees in '000)
                   In hand
                      - Local currency                                           7.1                  4,338,600         2,979,435
                      - Foreign currencies                                                            1,688,979         1,035,981

                   With State Bank of Pakistan in:
                     - Local currency current account                                                15,991,698        12,229,373
                     - Local currency current account-Islamic Banking                                 1,213,982           419,982
                     - Foreign currency deposit account
                           Cash reserve account (5% of FE 25)                                         1,363,391         1,458,525
                           Special cash reserve account (15% of FE 25)                                1,574,866         4,363,136
                           Local US Dollar collection account                                           124,235            16,897
                   With Other Central Bank in:
                     - Srilanka current account                                                             -              27,249
                   With National Bank of Pakistan in:
                     - Local currency current account                                                       109           267,028
                                                                                                     26,295,860        22,797,606

        7.1        This includes National Prize Bonds of Rs. 1.76 million (2006: Rs. 7.3 million).

        8.         BALANCES WITH OTHER BANKS

                                                                                 Note                 2007              2006
                                                                                                         (Rupees in '000)
                   In Pakistan
                      - In current accounts                                                             55,760            256,721

                   Outside Pakistan
                     - In deposit accounts                                                                  -             378,788
                     - In current accounts                                       8.1                  1,572,520         2,909,287
                                                                                                      1,628,280         3,544,796

        8.1        This includes balances of Rs. 1,377.71 million (2006: Rs. 2,120.22 million) held with branches of Standard
                   Chartered Bank PLC, UK outside Pakistan.



65   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




9     LENDINGS TO FINANCIAL INSTITUTIONS                                    Note              2007                      2006
                                                                                                 (Rupees in '000)


      Call money lendings                                                                            -                362,269
      Repurchase agreement lendings (Reverse Repo)                           9.1              8,130,517               904,792
      Certificates of Investment                                                                     -                578,000
      Placements                                                             9.2              7,095,387             1,977,523
      Overdrawn vostros                                                                              31                50,640
                                                                                             15,225,935             3,873,224


9.1   These carry mark-up at rates ranging between 9.20 to 9.89 percent per annum (2006: 8.20 to 9.2 percent per
      annum) payable at maturity and are due to mature by April 2008. The arrangements are governed under Master
      Repurchase Agreements.

9.2   This represents placements with the branches of the Bank at mark-up rates ranging between 3.40 and 6.25
      percent per annum (2006: 3.60 to 5.06 percent per annum) and are due to mature by September 2008.

9.3   Particulars of lending                                                                  2007                      2006
                                                                                                 (Rupees in '000)


      In local currency                                                                       8,130,548             1,809,657
      In foreign currency                                                                     7,095,387             2,063,567
                                                                                             15,225,935             3,873,224


9.4   Securities held as collateral against lendings to financial institutions


                                                  2007                                              2006
                                       Held by     Further       Total             Held by        Further           Total
                                        bank        given as                        bank         given as
                                                   collateral                                    collateral
                                                                    (Rupees in '000)



      Market Treasury Bills           8,130,517         -       8,130,517          73,775        250,000          323,775
      Pakistan Investment Bonds           -             -           -            581,017            -             581,017
                                      8,130,517         -       8,130,517        654,792         250,000          904,792


      The market value of securities held as collateral against lendings to financial institutions amounted to Rs. 8,255
      million (2006:Rs. 909 million).




                                                                                                          www.standardchartered.com.pk   66
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        10       INVESTMENTS
                                                               Note                          2007                                                   2006
                                                                            Held by          Given as         Total             Held by           Given as             Total
        10.1     Investments by type                                          bank           collateral                          bank             collateral
                                                                           ---------------------------------------------- (Rupees in '000) ---------------------------------------
                 Held for trading - at amortised cost
                 Pakistan Investment Bonds                                   560,172                -         560,172                 976                  -                976
                 Available for sale - at amortised cost
                 Market Treasury Bills                         10.5        21,318,323               -      21,318,323         18,230,006         5,163,376          23,393,382
                 Pakistan Investment Bonds                     10.5        17,664,605        303,405       17,968,010          8,084,136         2,506,624          10,590,760
                 Ordinary shares of listed companies           10.6              188                -              188            141,044                  -            141,044
                 Units / Certificates of mutual funds          10.7          172,479                -         172,479             203,293                  -            203,293
                 Term Finance Certificates -listed                                   -              -                 -           332,652                  -            332,652
                 Term Finance Certificates -unlisted           10.8          107,094                -         107,094             133,698                  -            133,698
                 Ordinary shares of unlisted companies         10.9            86,818               -           86,818             99,572                  -             99,572
                 Wapda Sukuk Bonds                             10.5          686,125                -         686,125                   -                  -                   -
                 Subsidiaries                                 10.10
                 Standard Chartered Services of
                  Pakistan (Private) Limited                                   44,500               -           44,500             44,500                  -             44,500
                 Standard Chartered Modarba                                    42,000               -           42,000             42,000                  -             42,000
                 Standard Chartered Leasing Limited                          143,969                -         143,969             143,969                  -            143,969
                 Investments at amortised cost                             40,826,273        303,405       41,129,678         27,455,846         7,670,000          35,125,846
                 Provision for diminution in
                    the value of investments                                      (519)             -              (519)                (45)               -                   (45)
                 Investments (Net of Provisions)                           40,825,754        303,405       41,129,159         27,455,801         7,670,000          35,125,801
                 Surplus on revaluation of
                  held for trading securities                                  (3,326)              -            (3,326)                    5              -                    5
                 Deficit on revaluation of
                  available for sale securities                             (420,680)          (8,687)       (429,367)           (340,108)         (156,647)           (496,755)
                 Total Investments at market value                         40,401,748        294,718       40,696,466         27,115,698         7,513,353          34,629,051


        10.2     Investments by segment                                                                                                           2007                 2006
                                                                                                                                                      (Rupees in '000)
                 Federal Government Securities
                 - Market Treasury Bills                                                                                                        21,318,323          23,393,382
                 - Pakistan Investment Bonds                                                                                                    18,528,182          10,591,736
                 - Wapda Sukook Bonds                                                                                                              686,125                  -
                 Fully paid up Ordinary Shares
                 - Listed Companies                                                                                                                     188             141,044
                 - Unlisted Companies                                                                                                                86,818              99,572
                 Investment in subsidiaries
                 -Standard Chartered Services of Pakistan (Private) Limited                                                                          44,500              44,500
                 -Standard Chartered Modaraba                                                                                                        42,000              42,000
                 -Standard Chartered Leasing Limited                                                                                                143,969             143,969
                 Bonds and Participation Term Certificates
                    -Listed TFCs etc.                                                                                                                    -              332,652
                    -Unlisted TFCs etc.                                                                                                             107,094             133,698

                 Other investments (Mutual Funds)                                                                                                   172,479             203,293

                 Total investment at cost                                                                                                       41,129,678          35,125,846

                 Less: Provision for diminution in the value of investments                                                                            (519)               (45)
                                                                                                                                                41,129,159          35,125,801
                 Surplus on revaluation of held for trading securities                                                                               (3,326)                 5
                 Deficit on revaluation of available for sale securities                                                                          (429,367)           (496,755)
                                                                                                                                                40,696,466          34,629,051
67   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




10.3   Investments include securities having book value of Rs. 18.63 million (2006: Rs. 18.63 million) pledged with
       the SBP as security to facilitate T.T. discounting facility to Pakistan branches of the Bank, including an amount
       earmarked against the facilities allocated to branches now in Bangladesh.


10.4   Market Treasury Bills, Federal Investment Bonds and Pakistan Investment Bonds are eligible for discounting
       with the SBP.




                                                                                                      www.standardchartered.com.pk   68
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




       10.5     Quality of Available for sale securities                                                    2007                                      2006
                                                                                              Rating      Cost      Market value        Rating       Cost     Market value
                                                                                                       (Rupees in '000)                          (Rupees in '000)
                Federal government securities
                - Market Treasury Bills                                                       Unrated 21,318,323       21,300,912       Unrated 23,393,382      23,419,908
                - Pakistan Investment Bonds                                                   Unrated 17,968,010       17,542,398       Unrated 10,590,760      10,085,355
                - Wapda Sukuk Bonds                                                           Unrated    686,125          685,999
                                                                                                         39,972,458    39,529,309                 33,984,142    33,505,263

       10.6     Particulars of shares held - listed - Available for sale                                  2007                                       2006
                      2007             2006                                                   Rating      Cost      Market value        Rating       Cost     Market value
                      (Number of Shares)                                                               (Rupees in '000)                          (Rupees in '000)

                             -             8,999    Askari Commercial Bank Limited                                 -           -        AA+/A1+          857           945
                             -             2,645    Bank Al-Falah Limited                                          -           -        AA/A1+           119            111
                           87             13,101    Bank of Punjab Limited                    AA/A1+               5                9   AA/A1+         1,192         1,326
                             -            15,898    Fauji Fertilizer Bin Qasim Limited                             -           -        Unrated          430           453
                             -             4,156    Fauji Cement Limited                                           -           -        Unrated           84             63
                             -            56,613    Fauji Fertilizer Company Limited                               -           -        Unrated        6,674         5,976
                             -            19,135    Faysal Bank Limited                                            -           -        AA/A1+         1,248         1,158
                          437             41,171    Hub Power Company Limited                 Unrated             12               13   Unrated        1,061         1,111
                             -             5,826    Lucky Cement Limited                                           -           -        Unrated          593           349
                             -             8,921    MCB Bank Limited                                               -           -        AA+/A1+        2,255         2,195
                             -             6,830    National Bank of Pakistan Limited                              -           -        AAA/A1+        1,757         1,531
                             -             4,270    PICIC Commercial Bank Limited                                  -           -        A+/ A1           143           144
                             -             8,539    Oil & Gas Development Corporation Limited                      -           -        AAA/A1+        1,134           980
                             -                 17   Packages Pakistan Limited                                      -           -        AA/A1+              3             4
                             -             5,137    Pakistan Oil Fields Limited                                    -           -        Unrated        1,690         1,797
                             -             2,539    Pakistan Petroleum Limited                                     -           -        Unrated          606           589
                             -             5,639    Prime Commercial Bank Limited                                  -           -        A+/A1            297           274
                             -            16,106    Pakistan State Oil Limited                                     -           -        AAA/A1+        5,125         4,735
                             -            30,349    Pakistan Telecommunication Company Limited                     -           -        Unrated        1,274         1,345
                           20             13,373    Brothers Textile Mills Limited            Unrated              -           -        Unrated           40             38
                             -             3,635    BOC Pakistan Limited                                           -           -        Unrated          506           513
                             -           147,402    Colony Mills Limited                                           -           -        Unrated        1,088         1,282
                             -            13,367    Escort Investment Bank Limited                                 -           -        A/A1             226           181
                           94              2,194    First Invest Modarba                      Unrated              -           -        Unrated             3             4
                             -             7,935    Kot Addu Power Company                                         -           -        Unrated          341           323
                             -             8,828    Kohinoor Industries Limited                                    -           -        Unrated          124             96
                             -             4,106    Muhammad Farooq Textile Mills Limited                          -           -        Unrated           25             24
                             -             4,360    Mirza Sugar Mills Limited                                      -           -        Unrated           12             12
                             -             7,008    Pakistan PTA Limited                                           -           -        Unrated           40             34
                             -             2,259    Pakistan Synthetics Limited                                    -           -        Unrated           20             16
                           80             11,080    Southern Electric Power Company Limited   Unrated              1           -        Unrated           70             66
                             -             2,035    Saudi Pak Commercial Bank Limited                              -           -        A-2               38             35
                       10,720             10,720    Sahrish Textile Mills Limited             Unrated             19               19   Unrated           19             18
                             -             2,164    Yousaf Weaving Mills Limited                                   -           -        Unrated            11            12
                        9,400              9,400    Sakrand Sugar Mills Limited               Unrated             30            32      Unrated           29             30
                        3,500              3,500    Bawany Sugar Mills Limited                Unrated             18            18      Unrated           25             26
                       13,700             13,700    Dadabhoy Cement Industries Limited        Unrated             82          105       Unrated           91             82
                        6,000              6,000    Khurshid Spinning Mills Limited           Unrated             11            11      Unrated           10             10
                        4,400              4,400    Taj Textile Limited                       Unrated              7             7      Unrated            11            12
                          360          9,379,860    World Call Telecommunication Limited      A+/A1                3             6      A+/A1        110,380       100,830
                             -            87,530    Gulistan Textile Limited                                       -          -         Unrated        1,393         1,747

                                                                                                                 188          220                    141,044       130,477

                All shares are ordinary shares of Rs. 10 each except otherwise mentioned.




69   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




10.7    Particulars of Units/ Certificates held in Mutual funds                                           2007                                         2006
                                                                                            Rating       Cost       Market value        Rating         Cost     Market value
               2007             2006                                                                 (Rupees in '000)                             (Rupees in '000)
              (Number of Units)

                    -               25,171   PICIC Growth Fund                                              -                -          MFR 3-Star    789                709
                    -               13,685   PICIC Investment Fund                                          -                -          MFR 3-Star    208                199
                    -               12,911   Pakistan Premier Fund                                          -                -          5-Star        167                168
                  494               22,494   UTP- Growth Fund                               Unrated            6              6         Unrated       306                292
            1,787,697            3,889,697   UTP Large Capital Fund                         4-Star        17,876         14,480         Unrated    29,757             31,116
                5,250                5,250   Pakistan Capital Market Fund                   3-Star            60             74         5-Star         62                 59
               17,235               17,235   National Investment (Unit)Trust                4-Star           787          1,075         4-Star        808                773
              520,719              500,000   AMZ Plus Income Fund                           A(F)          50,000         55,121         A(F)       51,107             53,122
            1,000,000            1,000,000   AMZ Plus Stock Fund                            Unrated      100,000        112,060         Unrated    97,840             97,150
              375,000            2,500,000   Pakistan Strategic Allocation Fund             4-Star         3,750          3,413         5-Star          22,249        21,250
                                                                                                         172,479        186,229                        203,293       204,838


                                                                                                                        2007                               2006
10.8    Particulars of unlisted TFC                                                                                Rating           Amount       Rating       Amount
                                                                                                                   (Rupees in '000)                    (Rupees in '000)

        Dewan Cement Limited (formerly Pakland Cement Limited)                                                      A/A1             57,014       A/A1            71,148
        Coupon @ 6 months Kibor +2.5% Semi Annually; Term: 7 years maturing on July 15, 2011.
        Chief Executive: Dewan Muhammad Yousuf Farooqui

        Dewan Hattar Cement Limited (formerly Saadi Cement Limited)                                                Unrated           50,080      Unrated          62,550
        Coupon @ 6 months Kibor +2.5% Semi Annually; Term: 7 years maturing on July 15, 2011.
        Chief Executive: Dewan Muhammad Yousuf Farooqui
                                                                                                                                    107,094                      133,698

10.9     Particulars of shares held - Unlisted

                 2007                2006                                                                 2007                   2006    2007             2006
                  (Number of Shares)                                                                               Rating                   (Rupees in '000)

                         -               39,675 Investment Corporation of Pakistan Limited                                 AA/A1+                  -              12,726
                                                Ordinary Shares of Rs. 100 each
                                                Chief Executive; Tariq Iqbal Khan

                          80                  80 Khushali Bank Limited                                 A-/A-1              A-/A-1              83,088             83,088
                                                 Ordinary Shares of Rs. 1,000,000 each
                                                 Chief Executive; M. Ghalib Nishtar

                     573,769            573,769 Pakistan Export Finance Guarantee                      Unrated             Unrated               2,835             2,835
                                                 Agency Limited
                                                Chief Executive; S.M. Zaeem

                             8                 8 Society for Worldwide Interbank                       Unrated             Unrated                 895               895
                                                 Fund Transfer

                         -                   500 Credit Information Bureau of Sri Lanka (classified as held for sale)      Unrated                -                   28
                                                                                                                                               86,818             99,572

10.10    Investment in Subsidiaries

                 2007                2006                                                                                                     2007             2006
                  (Number of Shares)                                                                                                              (Rupees in '000)

                   4,450,000           4,450,000    Standard Chartered Services of Pakistan (Pvt) Ltd- 100% owned                              44,500             44,500

                   4,322,241           4,322,241    Standard Chartered Modaraba - Listed 20% owned                                             42,000             42,000

                  25,917,296          25,917,296    Standard Chartered Leasing Ltd - Listed -66.23% owned                                     143,969            143,969
                                                                                                                                              230,469            230,469




                                                                                                                                              www.standardchartered.com.pk     70
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




                  The Subsidiary company, Standard Chartered Services of Pakistan (Private) Limited, exercises control over
                  Standard Chartered Modaraba as its management company and also has a direct economic interest in it.
                  Therefore, the modaraba is considered as a subsidiary of the Standard Chartered Services of Pakistan (Private)
                  Limited.

                  The market value of investments in quoted subsidiaries, Standard Chartered Modaraba and Standard Chartered
                  Leasing Limited at 31 December 2007 amounted to Rs 287.500 million (2006: Rs 332.64 million).




        11        ADVANCES                                                    Note              2007                 2006
                                                                                                    (Rupees in ‘000)
                  Loans, cash credits, running finances, etc.
                    - In Pakistan                                                            127,785,053          132,295,446
                    - Outside Pakistan                                                               -                873,929
                                                                                             127,785,053          133,169,375
                  Net Investment in Finance Lease
                    - In Pakistan                                                                     -                  9,193

                  Bills discounted and purchased (excluding treasury bills)
                     - Payable in Pakistan                                                       568,009            2,335,038
                     - Payable outside Pakistan                                                2,732,487            2,941,080
                                                                                               3,300,496            5,276,118
                    Advances-gross                                                           131,085,549          138,454,686
                  Provision for non-performing advances                       11.3           (11,548,534)          (9,450,568)
                  Advances - net of provision                                                119,537,015          129,004,118

        11.1      Particulars of advances

        11.1.1    In local currency                                                           110,579,131         121,530,269
                  In foreign currencies                                                         8,957,884           7,473,849
                                                                                              119,537,015         129,004,118

        11.1.2    Short term (for upto one year)                                               91,320,721          90,886,919
                  Long term (for over one year)                                                28,216,294          38,117,199
                                                                                              119,537,015         129,004,118




71   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




11.2     Advances include Rs. 10,493.345 million (31 December 2006: Rs. 8,420.970 million) which have been placed under non-performing status as detailed below.

                                                                                            2007
                                               Classified Advances                  Provision Required                             Provision Held
                                      Domestic    Overseas      Total       Domestic     Overseas          Total        Domestic      Overseas         Total
                                                                                      (Rupees in '000)
         Category of classification
         OAEM                             29,861        -          29,861          -            -                -             -              -              -
         Substandard                   2,879,116        -       2,879,116      659,157          -            659,157       659,157            -          659,157
         Doubtful                      2,598,586        -       2,598,586    1,912,166          -          1,912,166     1,912,166            -        1,912,166
         Loss                          4,985,782        -       4,985,782    4,908,175          -          4,908,175     4,908,175            -        4,908,175
                                      10,493,345        -      10,493,345    7,479,498          -          7,479,498     7,479,498            -        7,479,498
         General Provision                 -            -           -              -            -                -       4,069,036            -        4,069,036
                                      10,493,345        -      10,493,345    7,479,498          -          7,479,498    11,548,534            -       11,548,534



                                                                                             2006
                                              Classified Advances                    Provision Required                              Provision Held
                                      Domestic Overseas        Total        Domestic Overseas              Total        Domestic       Overseas        Total
                                                                                      (Rupees in '000)
         OAEM                               -           -           -              -             -               -             -              -              -
         Substandard                    1,935,518       -       1,935,518      455,598           -           455,598       455,598            -          455,598
         Doubtful                       1,988,650     3,212     1,991,862    1,078,642         3,212       1,081,854     1,078,642          3,212      1,081,854
         Loss                           4,169,397   324,193     4,493,590    3,940,799       284,056       4,224,855     3,940,799        284,056      4,224,855
                                        8,093,565   327,405     8,420,970    5,475,039       287,268       5,762,307     5,475,039        287,268      5,762,307
         General Provision                  -           -           -              -             -               -       3,687,225          1,036      3,688,261
                                        8,093,565   327,405     8,420,970    5,475,039       287,268       5,762,307     9,162,264        288,304      9,450,568

11.3     Particulars of provision against non-performing advances:
                                                                                           2007                                          2006
                                                                            Specific      General          Total        Specific        General        Total
                                                                                                               (Rupees in '000)

         Opening balance                                                     5,762,307    3,688,261        9,450,568       332,100        281,183        613,283
         Acquisition                                                                -            -                -      4,603,750      3,396,588      8,000,338
         Charge for the year                                                 5,735,593      705,171        6,440,764     1,592,199        (26,958)     1,565,241
         Reversals                                                                  -      (324,396)        (324,396)     (112,514)            -        (112,514)
                                                                             5,735,593      380,775        6,116,368     1,479,685        (26,958)     1,452,727
         Amounts written off                                                (3,730,098)          -        (3,730,098)     (628,982)            -        (628,982)
         Other movements                                                      (288,304)          -          (288,304)       (24,246)       37,448         13,202
         Closing balance                                                     7,479,498    4,069,036       11,548,534     5,762,307      3,688,261      9,450,568

11.4     Particulars of provision against non-performing advances:

                                                                                           2007                                          2006
                                                                            Specific      General          Total        Specific        General        Total
                                                                                                               (Rupees in '000)

         In Local Currency                                                   7,479,498    4,069,036       11,548,534     5,475,039      3,687,225      9,162,264
         In Foreign Currency                                                         -           -                -        287,268          1,036        288,304
                                                                             7,479,498    4,069,036       11,548,534     5,762,307      3,688,261      9,450,568



11.5     Particulars of write offs:                                                                                                      2007          2006
                                                                                                                                            (Rupees in '000)

11.5.1   Against provisions                                                                                                             3,730,098       628,982
         Directly charged to profit and loss account                                                                                          -         206,099
                                                                                                                                        3,730,098       835,081

11.5.2   Write-offs of Rs. 500,000 and above                                                                                              414,772        70,874
         Write-offs of below Rs. 500,000                                                                                                3,315,326       764,207
                                                                                                                                        3,730,098       835,081




11.6       Details of loans written-off of Rs. 500,000 and above:

           In terms of sub-section (3) of section 33A of the Banking Companies Ordinance, 1962, the statement in respect
           of written-off loans or any other financial relief of five hundred thousand rupees or above allowed to a person(s)
           during the year ended 31 December 2007 is given in Annexure 1.




                                                                                                                                       www.standardchartered.com.pk   72
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        11.7    Particulars of loans and advances to directors,             Note   2007              2006
                associated companies, etc.                                             (Rupees in '000)
                (i)    Debts due by directors, executives or officers
                       of the bank or any of them either severally or
                       jointly with any other persons
                               Balance at beginning of the year                     2,387,765        1,012,724
                               Acquisition                                                -          1,290,470
                               Loans granted during the year                          983,129          784,748
                               Repayments                                          (1,226,612)        (700,177)
                               Balance at end of the year                           2,144,282        2,387,765

                (ii)   Debts due by companies or firms in which the
                       directors of the bank are interested as directors,
                       partners or in the case of private companies as
                       members
                               Balance at beginning of the year                       877,636          474,608
                               Acquisition                                                -            341,429
                               Loans granted during the year                        3,485,939       24,956,895
                               Repayments                                          (3,282,027)     (24,895,296)
                               Balance at end of the year                           1,081,548          877,636

        12      OPERATING FIXED ASSETS

                Capital work-in-progress                                    12.1     257,841           212,289
                Property and equipment                                      12.2   3,476,298         3,156,727
                                                                                   3,734,139         3,369,016
        12.1    Capital work-in-progress
                Civil works                                                           44,330            44,745
                Advance payment towards property and equipments                      194,768           118,467
                Consultants fee and other charges                                     18,743            49,077
                                                                                     257,841           212,289




73   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




12.2   Property and equipment
                                                                  Owned                                        Held under finance lease
                                    Land and        Land and           Furniture,
                                   buildings on    buildings on       fixtures and                            Computer
                                     freehold       leasehold            office              Vehicles         equipment        Vehicle            Total
                                       land            land            equipment
                                                                                        (Rupees in '000)
       Cost
       At 1 January 2007              2,497,284         493,315           2,349,406              224,705          282,087           3,054          5,849,851
       Additions during the year        380,378             -               621,685               56,496              -               -            1,058,559
       Transfers/Write offs             (39,528)            -                 (2,651)              (3,433)       (282,087)         (3,054)          (330,753)
       Adjustments                      (58,812)            -                  9,719                  258             -               -               (48,835)
       Deletions                            -               -               (36,602)             (94,524)             -               -             (131,126)
       At 31 December 2007            2,779,322         493,315           2,941,557              183,502              -               -            6,397,696

       Depreciation
       At 1 January 2007                639,097         208,288           1,518,226               68,872          256,655           1,986          2,693,124
       Charge for the year              100,051          55,074             389,830               39,238           25,432             -              609,625
       Transfers/ Writeoffs             (24,740)            -                47,789                (1,510)       (282,087)         (1,986)          (262,534)
       Adjustments                      (58,812)            -                 9,719                   258             -               -               (48,835)
       Deletions                            -               -               (33,955)             (36,027)             -               -               (69,982)
       At 31 December 2007              655,596         263,362           1,931,609               70,831              -               -            2,921,398

       Net book value                 2,123,726         229,953           1,009,948              112,671              -               -            3,476,298


       Cost
       At 1 January 2006                 87,174         261,751             806,109                5,057          208,117              -           1,368,208
       Acquisition                    2,402,708             -             1,289,125              225,485           73,970           3,195          3,994,483
       Additions during the year          8,208         233,740             257,679               20,602              -                -             520,229
       Transfers/ Writeoffs                 -               -                   -                     -               -                -                  -
       Adjustments                         (116)            -                  (784)                   (2)            -              (141)             (1,043)
       Deletion                            (690)         (2,176)             (2,723)             (26,437)             -                -             (32,026)
       At 31 December 2006            2,497,284         493,315           2,349,406              224,705         282,087            3,054          5,849,851

       Depreciation
       At 1 January 2006                 47,415         171,966             615,328                5,057         189,240              -            1,029,006
       Acqusition                       534,223             -               771,787               59,006          60,267            1,871          1,427,154
       Charge for the year               58,149          38,232             133,351               14,859           7,148              178            251,917
       Transfers/ Writeoffs                 -               -                   -                     -              -                -                  -
       Adjustments                          -               -                  (468)                  -              -                (63)              (531)
       Deletion                            (690)         (1,910)             (1,772)             (10,050)            -                -              (14,422)
       At 31 December 2006              639,097         208,288           1,518,226               68,872         256,655            1,986          2,693,124

       Net book value                 1,858,187         285,027             831,180              155,833           25,432           1,068          3,156,727

       Rate of depreciation        5% - 6.67%         6.67%           10% - 33.33%             20%           20% - 33.33%       20%




                                                                                                                                          www.standardchartered.com.pk   74
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        12.2.1 Depreciation rates for furniture, fixtures and office equipment are as follows:

                Furniture and fixtures                                                                                     10-20              percent
                Printers                                                                                                   20                 percent
                Other office equipment                                                                                     20                 percent
                Computer equipment                                                                                         20-33.33           percent

        12.3
                Details of disposal of assets whose original cost or the book value exceeds Rs. 1 million or Rs 250,000, which ever is less and assets disposed off to the chief
                executive or to a director or to executives or to shareholder holding not less than 10% of the voting shares of the bank or to any related party, irrespective of
                value, are given below:


                Particulars           Cost                          Book value
                                                   Accumulated                                       Gain / (Loss) on                               Particulars of
                                                   depreciation                    Sale Proceeds           Sale             Mode of Disposal         Purchaser
                                                                    ( Rupees in '000)


                Plant & Equipment         13,877          13,877               -               201                201       By Tender            Rizwan Compressor Repairing
                Furniture & Fixture        5,675           5,675               -                90                  90      By Tender            M/s. Ilyas Hussain Soomro
                Motor Vehicles             5,555           1,204             4,351           4,259                 (92)     Under Agreement      Mr.Shaukat Tarin - Employee
                Furniture & Fixture        5,082           4,963               119             155                  36      By Tender            M/s.Adam Traders
                Motor Vehicles             4,458           3,938               520             800                280       Under Agreement      Mr.Shaukat Tarin - Employee
                Furniture & Fixture        3,733           1,941             1,796             485             (1,311)      By Tender            M/s. Farhan & Company
                Plant & Equipment          3,719           3,148               571              48               (523)      By Tender            M/s. Farhan & Company
                Motor Vehicles             2,590           2,590               -               702                702       Under Agreement      Car TrackSale Of Vehicle LXZ - 15
                Furniture & Fixture        1,721           1,721               -               120                120       By Tender            M/s.Ilyas Hussain Soomro
                Motor Vehicles             1,398             652               745             792                  47      Under Agreement      Mr.Azmat Tarin - Employee
                Motor Vehicles             1,287             472               815             794                 (21)     Under Agreement      Mr.Asim Tufail - Employee
                Motor Vehicles             1,248             654               593             603                  10      Under Agreement      Mr.Naeem Awan - Employee
                Motor Vehicles             1,228             939               289             184               (105)      Under Agreement      Mr.Arjumand Minai - Employee
                Computer Equipment         1,171           1,109                62              85                  23      By Tender            M/s. Adam Traders
                Motor Vehicles             1,117             335               782             748                 (34)     Under Agreement      Mr.Mohammad Naeem Khan - Employee
                Office Equipment           1,089           1,077                12              15                    3     By Tender            M/s. Farhan & Company
                Motor Vehicles             1,043             315               728             751                  23      Under Agreement      Mr.Muhammad Akram - Employee
                Motor Vehicles             1,042             416               626             667                  41      Under Agreement      Mr.Arif Mumtaz - Employee
                Motor Vehicles             1,042             416               626             645                  19      Under Agreement      Mr.Mansoor Mukhtar - Employee
                Motor Vehicles             1,042             313               729             764                  35      Under Agreement      Mr.Mujtaba Naqvi - Employee
                Motor Vehicles             1,042             216               826             819                   (7)    Under Agreement      Mr.Raza Said - Employee
                Motor Vehicles             1,038             430               608             653                  45      Under Agreement      Mr.Kamran Bashir - Employee
                Motor Vehicles             1,038             347               690             692                    2     Under Agreement      Mr.Abdul Mateen - Employee
                Motor Vehicles             1,038             365               673             664                   (9)    Under Agreement      Mr.Asad Humayun - Employee
                Motor Vehicles             1,038             200               837             789                 (48)     Under Agreement      Mr.Sohail A. Awan - Employee
                Motor Vehicles             1,038              52               986             882               (104)      Under Agreement      Mr.Khawar Mahmood - Employee
                Motor Vehicles             1,038             398               640             692                  52      Under Agreement      Mr.Shahid Ayub Bhatti - Employee
                Motor Vehicles               936             203               733             724                   (9)    Under Agreement      Ms.Scellina Nawaz Butt - Employee
                Motor Vehicles               936             234               702             764                  62      Under Agreement      Mr.Irfan Jamil - Employee
                Motor Vehicles               936             234               702             674                 (28)     Under Agreement      Mr.Ali Kashif Rizvi - Employee
                Motor Vehicles               935             218               716             710                   (6)    Under Agreement      Mr.Syed Ghaus Ahmed - Employee
                Motor Vehicles               917             351               566             557                   (9)    Under Agreement      Mr.Mureed Hussain - Employee
                Motor Vehicles               886             295               591             614                  23      Under Agreement      Mr.Khalid Zafar - Employee
                Motor Vehicles               885             207               679             590                 (89)     Under Agreement      Mr.Ehsan Fazil Khan - Employee
                Motor Vehicles               885             280               605             637                  32      Under Agreement      Mr.Shahid Kaidwai - Employee
                Motor Vehicles               885             325               561             578                  17      Under Agreement      Mr.Shariq Abidi - Employee
                Motor Vehicles               881             322               558             572                  14      Under Agreement      Mr.Naeem Awan - Employee
                Motor Vehicles               881              59               822             681               (141)      Under Agreement      Mr.Qasim Rizvi - Employee
                Motor Vehicles               881              88               792             681               (111)      Under Agreement      Mr.Ahmed Javaid Malik - Employee
                Motor Vehicles               845             394               451             505                  54      Under Agreement      Mr.Naseer Hussain - Employee
                Motor Vehicles               844             548               295             410                115       Under Agreement      Mr.Syed Adnan Haider - Employee
                Motor Vehicles               835             292               543             515                 (28)     Under Agreement      Mr.Asim Tufail - Employee
                Motor Vehicles               791             395               395             410                  15      Under Agreement      Mr.Shahid Malik - Employee
                Motor Vehicles               749             322               427             479                  52      Under Agreement      Mr.Qamar Saeed - Employee
                Motor Vehicles               749             361               388             447                  59      Under Agreement      Mr.Javed Munshi - Employee
                Motor Vehicles               739             333               406             407                    1     Under Agreement      Mr.Awais Talmiz - Employee
                Motor Vehicles               739             480               259             366                107       Under Agreement      Mr.Sayed Ahmed Hasne - Employee
                Motor Vehicles               675             675               -               221                221       Under Agreement      Mr.Mohammad Naeem Khan - Employee
                Motor Vehicles               670             156               514             396               (118)      Under Agreement      Mr.Hassan Iftikhar - Employee
                Motor Vehicles               642             161               482             411                 (71)     Under Agreement      Mr.Muhammad Kashif Akram - Employee
                Motor Vehicles               640             192               448             396                 (52)     Under Agreement      Mr.Waseem Irshad - Employee
                Motor Vehicles               620             217               403             385                 (18)     Under Agreement      Mr.Agha Mohammed - Employee
                Motor Vehicles               570              48               523             476                 (47)     Under Agreement      Mr.Agha Naveed Haider - Employee
                Motor Vehicles               560             112               448             381                 (67)     Under Agreement      Mr.Farhan Hassan - Employee
                Motor Vehicles               560             112               448             426                 (22)     Under Agreement      Mr.Zuhair M Ismail - Employee
                Motor Vehicles               560             112               448             426                 (22)     Under Agreement      Mr.Sohail Akhtar - Employee




75   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




 Particulars          Cost                          Book value
                                     Accumulated                                   Gain / (Loss) on                            Particulars of
                                     depreciation                  Sale Proceeds         Sale            Mode of Disposal       Purchaser
                                                    ( Rupees in '000)

Motor Vehicles              560              140             420            388                 (32)    Under Agreement     Mr.Qalab Hussain - Employee
Motor Vehicles              560              121             439            426                 (13)    Under Agreement     Mr.Omer Bin Javaid - Employee
Motor Vehicles              560              102             458            400                 (58)    Under Agreement     Mr.Arshad Khan - Employee
Motor Vehicles              560               65             495            418                 (77)    Under Agreement     Mr.Sajid Hassan - Employee
Motor Vehicles              560              149             411            418                     7   Under Agreement     Ms.Zainab Ali Fatima - Employee
Motor Vehicles              560              233             327            346                  19     Under Agreement     Mr.Zaheer Anwar Iqbal - Employee
Motor Vehicles              560              112             448            418                 (30)    Under Agreement     Mr.Furqan Ahmed - Employee
Motor Vehicles              560              177             383            335                 (48)    Under Agreement     Mr.Arif Mehtab - Employee
Motor Vehicles              560              134             426            426                    -    Under Agreement     Mr.Zafar Ul Hassan - Employee
Motor Vehicles              560               89             471            396                 (75)    Under Agreement     Mr.Mohsan Zia - Employee
Motor Vehicles              560              179             381            403                  22     Under Agreement     Mr.Rabel Sadozai - Employee
Motor Vehicles              560              250             310            329                  19     Under Agreement     Mr.Muhammad Usman - Employee
Motor Vehicles              560              108             452            441                 (11)    Under Agreement     Mr.Umer Waheed Khan - Employee
Motor Vehicles              560              134             426            426                    -    Under Agreement     Mr.Mohsin Amjad - Employee
Motor Vehicles              560               75             485            485                    -    Under Agreement     Mr.Amin H. Bhojani - Employee
Motor Vehicles              560               75             485            411                 (74)    Under Agreement     Mr.Junaid A. Bachani - Employee
Motor Vehicles              560               65             495            467                 (28)    Under Agreement     Mr.Omer Rashid Puri - Employee
Motor Vehicles              560              121             439            433                   (6)   Under Agreement     Mr.S.Kauzal Ali - Employee
Motor Vehicles              560              177             383            388                     5   Under Agreement     Mr.Hassan Kazmi - Employee
Motor Vehicles              560               75             485            485                    -    Under Agreement     Mr.Amir Mujahid - Employee
Motor Vehicles              560               93             467            467                    -    Under Agreement     Mr.Muhammad Ali Mazhar - Employee
Motor Vehicles              560               84             476            467                   (9)   Under Agreement     Mr.Mustafa Kamal - Employee
Motor Vehicles              560              131             429            418                 (11)    Under Agreement     Mr.Adeel Abbas - Employee
Motor Vehicles              560              205             355            373                  18     Under Agreement     Mr.Saeed Akhtar - Employee
Motor Vehicles              560               56             504            448                 (56)    Under Agreement     Mr.Mirza Ali Raza - Employee
Motor Vehicles              560               93             467            457                 (10)    Under Agreement     Mr.Arnawaz Kersi - Employee
Motor Vehicles              560              149             411            388                 (23)    Under Agreement     Mr.Sohail Abbas - Employee
Motor Vehicles              560               75             485            403                 (82)    Under Agreement     Mr.Munir Kharadi - Employee
Motor Vehicles              560               56             504            467                 (37)    Under Agreement     Mr.Muhammad Ali - Employee
Motor Vehicles              560               56             504            411                 (93)    Under Agreement     Mr.Khushdil Shahbaz - Employee
Motor Vehicles              560              187             373            352                 (21)    Under Agreement     Mr.S Umer Adil Madni - Employee
Motor Vehicles              560              121             439            448                     9   Under Agreement     Mr.Arsalan ur Rab - Employee
Motor Vehicles              560               56             504            448                 (56)    Under Agreement     Mr.Sheikh Anwar Ali - Employee
Motor Vehicles              560              103             457            433                 (24)    Under Agreement     Mr.Muhammad Muntazir - Employee
Motor Vehicles              560              159             401            346                 (55)    Under Agreement     Ms.Nilofer Ali - Employee
Motor Vehicles              560               65             495            441                 (54)    Under Agreement     Mr.Malik Muhammad Ghaus - Employee
Motor Vehicles              560              215             345            340                   (5)   Under Agreement     Mr.Fahim Zubari - Employee
Motor Vehicles              560              103             457            433                 (24)    Under Agreement     Mr.Abid Sultan Chaudhry - Employee
Motor Vehicles              555              167             389            385                   (4)   Under Agreement     Mr.Raja Abdullah Khan - Employee
Motor Vehicles              555              112             443            426                 (17)    Under Agreement     Mr.Faryal Ali - Employee
Motor Vehicles              555              229             326            355                  29     Under Agreement     Mr.Tayab Raza - Employee
Motor Vehicles              555              133             422            414                   (8)   Under Agreement     Mr.Qazi Abid - Employee
Motor Vehicles              555              133             422            414                   (8)   Under Agreement     Mr.Umar Viqar - Employee
Motor Vehicles              555              124             431            414                 (17)    Under Agreement     Ms.Nilofer Siddiqui - Employee
Motor Vehicles              555              257             298            349                  51     Under Agreement     Mr.Syed Najeeb Ehsan - Employee
Motor Vehicles              555               83             472            463                   (9)   Under Agreement     Mr.Saulat Qadri - Employee
Motor Vehicles              555               83             472            463                   (9)   Under Agreement     Mr.Mehboob Afridi - Employee
Motor Vehicles              555              120             435            414                 (21)    Under Agreement     Mr.Ata Ur Rehman Hanafi - Employee
Motor Vehicles              555              204             352            363                  11     Under Agreement     Mr.Kashif Ijaz - Employee
Motor Vehicles              555              148             407            400                   (7)   Under Agreement     Mr.Asim Baig - Employee
Motor Vehicles              555              148             407            407                    -    Under Agreement     Mr.Ashish Kumar - Employee
Motor Vehicles              555              204             352            370                  18     Under Agreement     Mr.Shaukat Mahmood - Employee
Motor Vehicles              555              176             379            349                 (30)    Under Agreement     Mr.Umair Bin Moin - Employee
Motor Vehicles              555               83             472            392                 (80)    Under Agreement     Mr.Syed Ibrahim Hassan - Employee
Motor Vehicles              554               37             517            517                    -    Under Agreement     Ms.Mariam Mansoor - Employee
Motor Vehicles              554               37             517            526                     9   Under Agreement     Mr.Arshad Ali - Employee
Motor Vehicles              549               46             503            522                  19     Under Agreement     Mr.Syed Waheed Mustafa - Employee
Motor Vehicles              549               18             531            512                 (19)    Under Agreement     Mr.Muhammad Ishaq Younus - Employee
Motor Vehicles              549               27             521            530                     9   Under Agreement     Ms.Shirely D'Souza - Employee
                       121,935            62,646          59,289         57,702             (1,587)
Items having book value of less than
Rs. 250,000 and cost of less than Rs.
1,000,000.

Motor Vehicles               8,657         6,892            1,773         3,893              2,120

Office Equipment              535            444              83             71                 (12)
                        131,127           69,982          61,145         61,666                521



                                                                                                                                      www.standardchartered.com.pk   76
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        13 INTANGIBLE ASSETS

                                         Goodwill          Core           Customer                  Brand        Computer
                                                         deposits        relationships              names         Software      Total
                                                        intangible         intangible
                                                                                   (Rupees in '000)
             Cost
             At 1 January 2007            26,095,310        1,982,413           774,680                389,400       221,163    29,462,966
             Additions during the year           -                -                 -                      -          84,182        84,182
             Deletions/ write offs               -                -                 -                      -         (30,612)      (30,612)
             Adjustments                         -                -                 -                      -          37,230        37,230
             At 31 December 2007          26,095,310        1,982,413           774,680                389,400       311,963    29,553,766

             Depreciation
             At 1 January 2007                      -         203,351           108,818                 13,200        70,910        396,279
             Charge for the year                    -         572,235           227,752                 38,940        61,729        900,656
             Deletions/ write offs                  -             -                 -                      -         (14,251)       (14,251)
             Adjustments                                          -                 -                      -          37,230         37,230
             At 31 December 2007                    -         775,586           336,570                 52,140       155,618      1,319,914
                                                                  -
             Net book value               26,095,310        1,206,827           438,110                337,260       156,345    28,233,852
                                                                     -

             Cost
             At 1 January 2006                   -                -                 -                      -          17,329        17,329
             Acquisition                  26,095,310        1,982,413           774,680                389,400       210,870    29,452,673
             Additions during the year           -                -                 -                      -          27,510        27,510
             Deletions                           -                -                 -                      -         (34,546)      (34,546)
             At 31 December 2006          26,095,310        1,982,413           774,680                389,400       221,163    29,462,966

             Depreciation
             At 1 January 2006                      -             -                 -                      -           6,354          6,354
             Acqusition                             -             -                 -                      -          54,411         54,411
             Charge for the year                    -         203,351           108,818                 13,200        17,468        342,837
             Deletions                              -             -                 -                      -          (7,323)        (7,323)
             At 31 December 2006                    -         203,351           108,818                 13,200        70,910        396,279

             Net book value               26,095,310        1,779,062           665,862                376,200       150,253    29,066,687

             Rate of amortisation                                                                                        20%




77   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




14    DEFERRED TAX ASSET

      The following are major deferred tax assets / (liabilities) recognised and movement thereon.

                                                                                  2007
                                             At 1                            (Charges)/          Debit/              At 31
                                            January                        credit to profit     (Credit)           December
                                             2007                             and loss         to equity             2007
                                                                           (Rupees in '000)
      Available for sale investments           168,198                                -           (13,096)               155,102
      Investments - Union Bank Limited         152,794                           (152,794)            -                      -
      Provisions for loans and advances      3,140,707                            901,280             -                4,041,987
      Other assets                             (16,913)                            10,337             -                   (6,576)
      Fixed assets                            (281,807)                           (72,142)            -                 (353,949)
      Deposits                                 124,232                           (110,172)            -                   14,060
      Subordinated loans                       (22,979)                               -               -                  (22,979)
      Liabilities against assets subject
        to finance lease                         (317)                                317              -                     -
      Other liabilities                        11,492                                 -                -                  11,492
      Goodwill                               (153,745)                           (450,844)             -                (604,589)
      Actuarial gains on retirement
        benefits                               (17,886)                               -           (15,645)               (33,531)
                                             3,103,776                            125,982         (28,741)             3,201,017


                                                                                 2006
                                             At 1         Acquisition        (Charges)/     Debit/ (Credit)          At 31
                                            January                        credit to profit   to equity             December
                                             2006                             and loss                                2006
                                                                           (Rupees in '000)

      Available for sale investments          191,497               -                 -           (23,299)               168,198
      Investments - Union Bank Limited            -            152,794                -               -                  152,794
      Provisions for loans and advances           -          2,564,421            576,286             -                3,140,707
      Other assets                                -             (16,913)              -               -                  (16,913)
      Fixed assets                             12,952         (256,910)           (37,849)            -                 (281,807)
      Deposits                                    -            225,754           (101,522)            -                  124,232
      Subordinated loans                          -             (22,979)              -               -                  (22,979)
      Liabilities against assets subject
          to finance lease                         -              (143)              (174)             -                    (317)
      Other liabilities                            -            11,492                -                -                  11,492
      Goodwill                                     -               -             (153,745)             -                (153,745)
      Actuarial gains on retirement
        benefits                              (14,574)             -                  -            (3,312)               (17,886)
                                              189,875        2,657,516            282,996         (26,611)             3,103,776


During the year, a new schedule has been introduced for taxation of banks in Pakistan. According to the provisions of this
schedule, provision for doubtful loans and advances falling under the category of "doubtful" or "loss" will be allowed as
a deduction in the year in which the provision is made. The schedule is applicable for the financial year ending 31 December
2008. Currently, provisions for loans and advances are allowed as a deduction when they are written off. The schedule
does not contain transitory provisions with respect to provisions made before the applicability of the new schedule. The
matter of introduction of such transitory provisions has been taken up with Federal Board of Revenue by Pakistan Banks
Association and based on discussions to date the bank's management is confident that such provisions will be made in
the new schedule. Accordingly, the deferred tax calculations assume that such transitory rules will be made and the bank
would be able to get the benefit of the asset so recognised.




                                                                                                           www.standardchartered.com.pk   78
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        15.    OTHER ASSETS                                                        Note          2007              2006
                                                                                                    (Rupees in '000)

                Income / mark-up accrued in local currency                                       3,523,623          2,891,297
                Income / mark-up accrued in foreign currency                                       364,269             58,650
                Advances, deposits, advance rent and other prepayments                           2,163,832          1,123,285
                Receivable from Defined Benefit Plans                                               89,235            215,898
                Clearing Suspense account                                                           64,170            154,462
                Unrealized gain on forward foreign exchange contracts                              536,533            101,646
                Interest rate derivatives and currency option - Positive fair value              2,990,438          4,534,440
                Receivable from SBP / Government of Pakistan                                     1,343,145            289,534
                Assets held for sale                                                15.1           906,099            108,787
                Tax compensation under section 102 of the Income Tax Ordinance                     160,653            160,653
                Bank acceptances                                                                 4,635,127          7,059,040
                Others                                                                             322,829            339,073
                                                                                                17,099,953         17,036,765
                Less: Provision against other assets                               15.2           (107,303)          (107,303)
                                                                                                16,992,650         16,929,462


        15.1    Assets held for sale

                The Bank's Sri Lanka branch operations are presented as a disposal group held for sale along with the non banking
                assets acquired in satisfaction of claims.

                                                                                                  2007              2006
                                                                                                    (Rupees in ‘000)

                Non-banking assets acquired in satisfaction of claims                              107,303            108,717

                Assets of Sri Lanka Branch operations:
                 Cash and balances with treasury banks                                              47,534                 -
                 Balances with other banks                                                          74,376                 -
                 Lendings to financial institutions                                                  7,989                 -
                 Investments                                                                            29                 -
                 Advances                                                                          642,429                 -
                 Other assets                                                                       16,419                 -
                 Operating fixed assets                                                             10,020                 -
                                                                                                   798,796                 -

                                                                                                   906,099            108,717

        15.2    Provision against other assets

                Opening balance                                                                    107,303             35,495
                Acquisition                                                                            -               71,808
                Closing balance                                                                    107,303            107,303




79   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




16.      BILLS PAYABLE                                                 Note            2007               2006
                                                                                          (Rupees in '000)

          In Pakistan                                                                 6,553,798              4,172,599
          Outside Pakistan                                                               83,590                 87,235
                                                                                      6,637,388              4,259,834

17        BORROWINGS FROM FINANCIAL INSTITUTIONS

          In Pakistan                                                                 4,005,873            21,471,968
          Outside Pakistan                                                            2,610,192               573,269
                                                                                      6,616,065            22,045,237

17.1      Particulars of borrowings with respect to currencies

          In local currency                                                           4,005,873            21,471,968
          In foreign currency                                                         2,610,192               573,269
                                                                                      6,616,065            22,045,237

17.2      Details of borrowings secured / unsecured

          Secured
          Borrowings from State Bank of Pakistan
          under export refinance scheme                               17.2.1          3,263,818             4,945,568
          Repurchase agreement borrowings                             17.2.2            300,000             8,842,164
          State Bank of Pakistan -LTF- Export oriented projects       17.2.3            442,055               650,387
                                                                                      4,005,873            14,438,119
          Unsecured
          Call borrowings                                                                   -                7,359,665
          Overdrawn nostro accounts                                   17.2.4          2,610,192                247,453
                                                                                      6,616,065            22,045,237


17.2.1   Mark-up on export refinance from the SBP is charged at 6.5 percent (2006: 6.00 to 7.50 percent) per annum.
         These loans are secured against demand promissory notes executed by the Bank in favour of the SBP.


17.2.2   Repos carry mark-up at rate of 9.35 percent per annum (2006: 8.35 to 9.40 percent per annum) payable at
         maturity and are due to mature by January 2008.

17.2.3   Mark-up on long term finance for export oriented projects from the SBP is charged at rates ranging between
         4.0 to 5.0 percent (2006:4.0 to 6.0 percent) per annum. These loans are secured against promissory notes
         executed by the Bank in favour of the SBP.

17.2.4   This includes overdrawn nostro accounts with branches of the Bank outside Pakistan amounting to Rs.2,599.288
         million (2006: Rs. 238.600 million).




                                                                                                  www.standardchartered.com.pk   80
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        18         DEPOSITS AND OTHER ACCOUNTS                           Note               2007                      2006
                                                                                                   (Rupees in '000)
                   Customers
                     - Fixed deposits                                                         46,870,179               46,701,158
                     - Savings deposits                                                       68,995,739               55,137,774
                     - Current accounts - Non-remunerative                                    60,150,917               53,347,573
                     - Margin accounts                                                           938,211                  555,627
                     - Special exporters' account                                                 20,778                   25,453
                                                                                             176,975,824              155,767,585
                   Financial Institutions
                   - Remunerative deposits                                                           -                    640,457
                   - Non-remunerative deposits                           18.1                    185,806                  470,286
                                                                                                 185,806                1,110,743
                                                                                             177,161,630              156,878,328

        18.1       This includes Rs. 185.806 million (2006 : Rs. 91.88 million) for balances of other branches of the Bank
                   outside Pakistan.

        18.2       Particulars of deposits                                                  2007                      2006
                                                                                                  (Rupees in '000)
                   In local currency                                                         146,952,016              128,175,169
                   In foreign currencies                                                      30,209,614               28,703,159
                                                                                             177,161,630              156,878,328


        19.        SUB-ORDINATED LOANS

                                                                         Note

                   Term Finance Certificates issued                      19.1                  1,912,455                2,414,851



        19.1      The Bank has issued subordinated term finance certificates in three issues. First issue of Rs. 750 million was
                  made in 2002 , the second issue of Rs. 750 million was made in December 2003 and the third issue of Rs 1,000
                  million was offered in December 2005 and the public offer was made in February 2006.




81   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




      The TFCs are unsecured and are subordinated to the depositors and other creditors of the bank and carry
      following terms:

                                               First Issue           Second Issue              Third Issue
       Year of Issue                               2002                  2003                      2005
       Rating                                     AAA                    AAA                       AAA
       Rate                                     2.25% above          0.75% above the cut-        2.00% above the
                                              the cut-off yield         off yield of last      six months Karachi
                                                    of last          successful auction of     Inter-Bank Offered
                                                 successful             five years PIB           Rate ("KIBOR")
                                               auction of five                                    prevailing one
                                                  years PIB                                     working day prior
                                                                                               to the beginning of
                                                                                                each semi annual
                                                                                                      period




       Floor                                       11%                        5%                         -
       Ceiling                                    15.50%                    10.75%                       -
       Repayment                                  5 years                   7 years                   7 years




                                                                                              www.standardchartered.com.pk   82
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        20.        OTHER LIABILITIES                                            Note    2007                2006
                                                                                           (Rupees in '000)

                  Mark-up / return / interest payable in local currency                  1,532,845         1,039,623
                  Mark-up / return / interest payable in foreign currencies               105,897            104,984
                  Accrued expenses                                                       1,561,821         1,280,871
                  Provision for taxation                                                  673,089            927,386
                  Advance payments                                                       1,401,543           241,463
                  Sundry creditors                                                       1,256,088         1,129,477
                  Unrealised loss on forward foreign exchange contracts                   476,831             68,149
                  Unrealized loss on interest rate derivatives and currency options      2,098,723         4,370,389
                  Payable to defined contribution plans                                    31,993            161,598
                  Due to Holding Company                                        20.1     3,824,995           744,492
                  Liabilites held for sale                                      20.2      649,633                  -
                  Unclaimed balances                                                       21,953             28,615
                  Clearing suspense account                                              1,619,923           422,815
                  Branch adjustment account - outside Pakistan branches                        -             313,677
                  Provision against off balance sheet obligations               20.3      193,495             72,932
                  Short sell - Treasury Bills / Pakistan Investment Bonds                      -             344,512
                  Bank acceptances                                                       4,635,127         7,059,040
                  Unsettled trades                                                             -           1,835,200
                  Others                                                                    67,410           334,426
                                                                                        20,151,366        20,479,649

        20.1      Due to Holding company



                  On account of reimbursement of executive and general administrative
                   expense
                                                                                         3,258,982                 -
                  On account of Eastern Bank                                                   -               1,387
                  On account of SCB Pakistan Branches                                          -             698,072
                  Due to Chittagong branch of the Holding Company                              -               6,177
                  Other                                                                    566,013            38,856
                                                                                         3,824,995           744,492




83   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




20.2   Liabilites held for sale


       The Bank's Sri Lanka branch operations are presented as a disposal group held for sale. As at 31 December
       2007, the Sri Lanka branch operations liabilities comprised of the following:


                                                                                      2007                2006
                                                                                         (Rupees in '000)


       Borrowings from financial institutions                                            189,572                      -
       Deposits and other accounts                                                       446,540                      -
       Other liabilities                                                                  13,521                      -
                                                                                         649,633                      -

                                                                                      2007                2006
20.3   Provision against off-balance sheet obligations                                   (Rupees in '000)


       Opening balance                                                                    72,932                   4,963
       Acquisition                                                                            -                  43,410
       Charge for the year                                                               120,563                 24,559
       Closing balance                                                                   193,495                 72,932

21.    SHARE CAPITAL


21.1   Authorized Capital

               2007               2006                                 Note           2007                2006
                 (Number of Shares)                                                      (Rupees in '000)

             4,000,000,000        4,000,000,000   Ordinary shares of                  40,000,000            40,000,000
                                                  Rs.10 each


21.2   Issued, subscribed and paid up

             2,939,785,018        2,939,785,018   Ordinary shares of
                                                  Rs. 10 each                         29,397,850            29,397,850
                                                  Fully paid in cash
               931,800,003         931,800,003
                                                  Issued in terms of
                                                  scheme of          21.3              9,318,000              9,318,000
                                                  amalgamation
             3,871,585,021        3,871,585,021                                       38,715,850            38,715,850


21.3   These represent 892,554,151 shares of Rs 10 each issued and allotted at par to Standard Chartered Bank, United
       Kingdom against transfer of entire undertaking of SCB Branch Business by SCB to the Bank and 39,245,852
       shares issued and allotted at par credited as fully paid up to persons who were registered shareholders of Union
       Bank. These shares have been issued in accordance with the scheme of amalgamation duly approved by State
       Bank of Pakistan on 4 December 2006.

21.4   At 31 December 2007, Standard Chartered Bank , United Kingdom, held 98.99% of the shares of the bank.




                                                                                                   www.standardchartered.com.pk   84
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        22.       RESERVES                                                                        2007                2006
                                                                                Note                 (Rupees in '000)

                  Share premium                                                 22.1                1,036,090           1,036,090
                  Statutory reserve                                             22.2                  650,493              97,139
                  Exchange translation reserve                                                        (33,539)            (19,623)
                                                                                                    1,653,044           1,113,606


        22.1      This represents excess of fair value of the shares over par value of shares issued to registered sharehoders of
                  Union Bank in terms of the amalgamation scheme.


        22.2      In accordance with the Banking Companies Ordinance, 1962, the bank is required to transfer twenty percent
                  of its profit of each year to reserve fund until the amount in such fund equals the paid up capital of the bank.

        23.       DEFICIT ON REVALUATION OF SECURITIES - NET                      Note            2007                2006
                                                                                                     (Rupees in '000)

                  Market Treasuery Bills                                                              (17,411)             26,526
                  Pakistan Investment Bonds                                                         (425,612)            (505,405)
                  Wapda Sukuk Bonds                                                                      (126)                  -
                  Term Finance Certificates                                                                -                (8,854)
                  Quoted Shares                                                                        13,782               (9,022)
                                                                                                    (429,367)            (496,755)

                  Deferred tax asset recognised                                                      155,102              168,198
                                                                                                    (274,265)            (328,557)

        24.       CONTINGENCIES AND COMMITMENTS

        24.1      Transaction-related contingent liabilities

                  Guarantees issued favouring:
                    - Government                                                                  23,506,077           16,003,491
                    - Others                                                                       5,876,520            4,324,691

        24.2      Trade-related contingent liabilities

                  Letters of credit                                                               25,253,523           16,724,705

        24.3      Other contingencies

                  Claims against the Bank not acknowledged as debt               24.3.1            1,950,074            1,477,559


        24.3.1    This includes claims for penal interest and additional surcharge amounting to Rs. 97.341 million claimed by
                  Customs authorities in respect of certain bank guarantees issued on behalf of a customer in favour of Collector
                  of Customs, Government of Pakistan. The guarantees remaining outstanding against the said customer at 31
                  December 2007 amount to Rs. 80.827 million.


                  The bank has referred the claims to Alternate Dispute Resolution (ADR) Committee, where it has yet to come
                  up for a hearing.
                  .
                  The bank considers that the above amounts are not payable and if it is required to settle the claims, it would
                  be able to recover them from the customer.




85   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




24.4   Commitments in respect of forward exchange contracts                            2007                2006
                                                                                          (Rupees in '000)
       Purchase
        State Bank of Pakistan                                                          5,118,100               7,984,596
        Other banks                                                                    46,377,304              37,896,773
        Customers                                                                      16,067,696               7,208,756

       Sale
        State Bank of Pakistan                                                          4,501,550               3,671,030
        Other banks                                                                    47,357,945              22,891,934
        Customers                                                                       7,643,196              16,152,302

       The maturities of the above contracts are spread over a period of one year.

24.5   Commitments in respect of operating leases

       Not later than one year                                                             8,411                     8,993
       Later than one year and not later than five years                                   8,693                    16,897



24.6   Derivative instruments

24.6.1 Product analysis
                                                                                                       Current Period

                                                     Interest Rate Swaps                       FX Options
        Counterparties                           No. of              Notional           No. of           Notional
                                                Contracts            Principal         Contracts        Principal *
                                                                  (Rupees in '000)                  (Rupees in '000)
        With Banks for
               Hedging                                     -                  -               -                     -
               Market Making                               95         118,632,133              90            16,752,319

        With FIs other than banks
               Hedging                                     -                  -               -                        -
               Market Making                                   2        2,599,500             -                        -

        With other entities for
               Hedging                                      -                 -               -                     -
               Market Making                               200        186,943,668              90            16,752,319

        Total
                Hedging                                     -                 -               -                     -
                Market Making                              297        308,175,301             180            33,504,638



        2006    Total Market Making                        115        189,428,050                 8              504,102

                * At the exchange rate prevailing at the end of the reporting period
        Contracts with banks represent contracts entered with branches of Standard Chartered Bank, UK to obtain
        cover against the contracts with customers.




                                                                                                    www.standardchartered.com.pk   86
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        24.6.2       Maturity analysis

                       Interest Rate Swaps
                       Remaining            No. of            Notional                               Mark to Market
                       Maturity            Contracts          Principal              Negative            Positive              Net
                                                                                         (Rupees in '000)

                       Upto 1 month                    20      17,122,254                (70,027)            33,118            (36,909)
                       1 to 3 months                    1       2,480,000                (50,636)               -              (50,636)
                       3 to 6 months                    1         100,000                  (2,363)              -                (2,363)
                       6 month to 1 year               16       3,710,588                (30,232)            59,538             29,306
                       1 to 2 year                     72     148,263,107            (1,244,226)          1,222,998            (21,228)
                       2 to 3 years                    68      16,924,083                (91,557)           245,631            154,074
                       3 to 5 years                    78      59,622,414              (102,902)            505,614            402,712
                       5 to 10 years                   41      59,952,855              (255,004)            671,764            416,760
                       Above 10 years                 -               -                       -                 -                    -

        25.         MARK-UP / RETURN / INTEREST EARNED                                   Note          2007              2006
                                                                                                          (Rupees in '000)

                   On loans and advances to customers                                                 17,639,645          10,279,367
                   On loans and advances to financial institutions                                       626,242             821,344
                   On investments in: i) Held for trading securities                                         -               566,833
                                       ii) Available for sale securities                 25.1          3,398,625           1,870,357
                   On deposits with financial institutions / the
                     State Bank of Pakistan                                                              181,027             188,792
                   On securities purchased under resale agreements                                       684,541             838,334
                                                                                                      22,530,080          14,565,027

        25.1       This includes Rs. 436.55 million in respect of amortisation of fair value adjustment made at the time of acquisition
                   of Union Bank Limited.


        26.        MARK-UP / RETURN / INTEREST EXPENSED                                                2007              2006
                                                                                                          (Rupees in '000)

                   Deposits                                                              26.1          4,630,513            2,818,222
                   Securities sold under repurchase agreements                                           864,646              777,647
                   Call borrowings                                                                       271,132              428,294
                   Borrowings from State Bank of Pakistan under
                     export refinance scheme                                                             297,487              116,384
                   Term finance certificates                                                             274,341               88,169
                                                                                                       6,338,119            4,228,716

        26.1       This is net of Rs. 314.77 million in respect of amortisation of fair value adjustment made at the time of acquisition
                   of Union Bank Limited.

        27.        GAIN / (LOSS) ON SALE OF SECURITIES                                                 2007              2006
                                                                                                          (Rupees in '000)
                   Federal Government Securities
                    Market treasury bills                                                                 (2,211)              93,060
                     Pakistan Investment Bonds                                                            10,885               15,856
                   Shares                                                                                 78,370               29,799
                                                                                                          87,044              138,715




87   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




28.     OTHER INCOME                                             Note              2007                       2006
                                                                                          (Rupees in '000)

        Rent on property                                                                       564                  2,179
        Profit on sale of property and equipment                                               521                  1,072
        Income on interest rate derivatives and others                                     933,225                265,552
                                                                                           934,310                268,803


29.     ADMINISTRATIVE EXPENSES                                  Note              2007                       2006
                                                                                          (Rupees in '000)

        Salaries, allowances, etc.                                                  3,649,681                   2,217,551
        Charge for defined benefit plan                          35.7                  27,758                      15,271
        Contributions to defined contribution plan                                    167,653                      96,822
        Rent, taxes, insurance, electricity, etc.                                     694,999                     476,337
        Legal and professional charges                                                 76,721                      92,139
        Communications                                                                527,543                     221,647
        Repairs and maintenance                                                       732,655                     258,587
        Rental of operating lease                                                      23,176                      11,538
        Stationery and printing                                                       230,851                     276,249
        Advertisement and publicity                                                   264,922                     230,642
        Donations                                                29.1                   5,500                       3,926
        Finance charges on finance lease                                                  -                         3,762
        Auditors' remuneration                                   29.2                   9,524                      10,862
        Depreciation                                                                  609,625                     251,917
        Amortization                                                                  900,656                     342,837
        Traveling, conveyance and vehicles' running                                   209,546                     174,089
        Reimbursement of executive and general administrative expense               3,258,982                         -
        Others                                                                        692,171                     387,884
                                                                                   12,081,963                   5,072,060


29.1    Details of the donations given in excess of Rs. 100,000 are given below:

        Donee
        The Citizen Foundation                                                            2,210                        -
        President Relief Fund Earth Quate Victims                                           -                        3,000
        Behbud Associations                                                                 600                        700
        Murshid Hospital & Health Care Center                                               -                          120
        Care Foundation                                                                     825                        -
        Government Islamia High School                                                      178                        -
        Karachi Hockey Association                                                          200                         -
        OGS Trust                                                                           500                         -
        Sargohian Sprirt Trust                                                              200                         -
        Aziz Taba Foundation                                                                100                         -




                                                                                                  www.standardchartered.com.pk   88
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




            29.2        Auditors' remuneration                                           2007                      2006
                                                                                                (Rupees in '000)


                        Audit fee                                                               5,821                  4,232
                        Fee for audit of pension, gratuity and provident funds                    160                    220
                        Special certifications and others                                       2,687                  3,965
                        Taxation services                                                         682                  2,400
                        Out-of-pocket expenses                                                    174                     45
                                                                                                9,524                 10,862

            30.         OTHER CHARGES

                        Fine and penalties imposed by the State Bank of Pakistan             78,518                       510

            31          TAXATION                                                         2007                      2006
                                                                                                (Rupees in '000)
                        For the year
                        - Current                                                         1,405,351                2,131,037
                        - Deferred                                                         (125,982)                (282,996)
                                                                                          1,279,369                1,848,041
                        For prior years                                                      47,826                 (197,319)
                                                                                          1,327,195                1,650,722

            31.1        Relationship between tax expense and accounting profit


                        Profit before taxation                                            4,125,848                7,360,179
                        Tax at the applicable tax rate of 35% (2006:35%)                  1,444,047                2,576,063
                        Income exempt from tax                                              (27,430)                  (18,801)
                        Dividend income at reduced rate                                      (6,942)                  (15,760)
                        Expenses that are not deductible in determining taxable income       30,732                     1,300
                        Income that are not taxable in determining taxable income                -                  (235,688)
                        Head office expenses not booked by SCB Pakistan branches                 -                  (532,700)
                        Release of deferred tax charge                                    (148,924)                        -
                        Prior year provision                                                 47,826                 (197,319)
                        Others                                                              (12,114)                   73,627
                                                                                          1,327,195                1,650,722




89   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




31.2   The income tax assessments of SCB Pakistan branches have been finalized up to and including the tax year
       2004. Bank’s / departmental appeals for the assessment / tax years 1976-77 to 2004 are pending before different
       appellate levels. Despite management’s expectation of favorable decision in the pending appeals, any tax liability
       in case of adverse decision has been fully provided.

       Union Bank's tax assessments for the assessment years 1993-94 to 2001-02 and tax year 2005 and 2006 are
       under various stages of appeal against certain disallowances. The assessments for 2005 and 2006 have been
       raised with additional demand of Rs.1,347 million.The management is confident of favorable outcome from
       appeals process.

       EBI's (acquired by the Union Bank in 2002) assessments for the assessment years 1981-82 to 2001-02 are under
       various stages of appeal. The management is confident of favourable outcome from appeals process.

31.3   One of the assets acquired as part of the acquisition of Emirates Bank Pakistan’s operations (EBIL) by Union
       Bank included tax compensation receivable from FBR amounting to Rs 160.653 million on account of delayed
       refunds. The taxation officer had determined the amount of compensation of Rs 44.320 million through order
       dated 27 January 2006 as against the bank’s claim of Rs 160.653 million. Appeal was filed before the Commissioner
       of Income tax (Appeals) who has allowed further compensation of Rs 72.476 million vide order No.16 to 26 dated
       31 May 2006. The bank and tax department have filed appeals before the Income Tax Appellate Tribunal which
       are pending for adjudication. The bank has also filed an application for resolution of this dispute by the Alternate
       Dispute Resolution Committee but the matter has not been heard as yet. As a matter of prudence, the bank has
       made a provision of Rs 43.857 million against the afore-mentioned tax compensation.


32.    EARNINGS PER SHARE - BASIC AND DILUTED                                        2007                      2006
                                                                                            (Rupees in '000)

       Profit for the year                                                            2,766,768             5,709,457
                                                                                          (Number of Shares)
       Weighted average number of ordinary shares in issue during                 3,871,585,021        1,863,799,728
       the period / year
       Earnings per share                                              Rupees                0.71                      3.06

33.    CASH AND CASH EQUIVALENTS                                                     2007                      2006
                                                                                            (Rupees in '000)

       Cash and balances with treasury banks                                         26,295,860                22,797,606
       Balances with other banks                                                      1,628,280                 3,544,796
                                                                                     27,924,140                26,342,402

34.    STAFF STRENGTH                                                                  Number                    Number

       Permanent                                                                            3,493                     3,025
       Temporary / on contractual basis                                                        16                        21
       Daily wages                                                                            -                          35
       Bank's own staff at the end of the year                                              3,509                     3,081
       Outsourced                                                                           5,736                     5,039
       Total Staff Strength                                                                 9,245                     8,120




                                                                                                     www.standardchartered.com.pk   90
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        35        DEFINED BENEFIT PLANS

        35.1      General description


                  Non Management Staff Pension Fund

                  The plan provides a pension calculated at 50% of the average pensionable salary after completing 30 years of
                  service. The employees of the bank are entitled to either pension or gratuity, but not both. However, the employees
                  of ANZ Grindlays Bank transferred to the bank are entitled to both pension and gratuity and the minimum number
                  of years required for entitlement of pension is 25 years for these employees. Pension is calculated as 1/120
                  times the last drawn merged salary for each years of service.

                  Non Management Staff Gratuity Fund

                  For the employees of SCB, the plan provides a lump sum gratuity calculated at last drawn merged salary for
                  each year of service (Maximum 31 months) after completing 5 years of service. For the employees of ANZ
                  Grindlays Bank, the plan provides a lump sum calculated at 50% of last drawn merged salary for each year of
                  service (Maximum 24 months) after completing 5 years of service. However, if the employee is not entitled for
                  pension, the percentage is increased to 100%. The employees of SCB are entitled to either Pension or Gratuity,
                  but not both.

                  Management Staff Pension Fund

                  The plan is closed to active employees. The entire liability is in respect of existing pensioners.

                  Union Bank Gratuity Fund

                  The scheme provides for gratuity benefits at graduated rates depending on the period of service to all employees
                  of Union Bank.

        35.2      Principal Actuarial Assumptions

                  The last actuarial valuation of the scheme was carried out on 31 December 2007 and the key assumptions used
                  for actuarial valuation were as follows:

                                                                                           2007                              2006

                  Discount rate                                                          10% p.a.                           10% p.a.
                  Expected rate of increase in salary in future years                     8% p.a.                            8% p.a.
                  Expected rate of return on plan assets                                 10% p.a.                           10% p.a.
                  Expected long term rate of increase in pension                          4% p.a.                            4% p.a.
                  Mortality rate                                                          LIC (1975-79) Ultimate mortality table
                  Withdrawal rate                                                          Light                              Light




91   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007



                                                      SCB Non Management         SCB Non Management          SCB Management                Union Bank                    Total
                                                          Pension Fund              Gratuity Fund              Pension Fund               Gratuity Fund
                                                        2007        2006            2007        2006          2007          2006          2007        2006          2007          2006
                                                                                                               (Rupees in '000)

35.3   Reconciliation of payable / (receivable) to/from defined benefit plan

       Present value of defined benefit obligations       56,124      58,761          20,459      15,170        44,282        47,578       123,083      157,431      243,948       278,940
       Fair value of plan assets                         (70,441)    (61,209)        (23,984)    (19,738)      (85,596)     (226,513)     (153,161)    (187,378)    (333,182)     (494,838)
       Asset recognised in Balance Sheet                 (14,317)      (2,448)         (3,525)     (4,568)     (41,314)     (178,935)       (30,078)     (29,947)     (89,234)    (215,898)

35.4   Movement in defined benefit obligation

       - Obligation as at 1 January                       58,761     60,134           15,170     19,918         47,578        46,909      157,431      136,870       278,940       263,831
       - Current service cost                                148        232              609        725            -             -         33,454       30,505        34,211        31,462
       - Interest cost                                     5,633      5,139            1,535      1,623          4,501         3,945       11,182       13,687        22,851        24,394
       - Benefits (paid) / received                       (4,705)    (7,492)             -       (3,090)        (4,627)       (4,236)     (56,534)     (32,031)      (65,866)      (46,849)
       - Actuarial (gain)/ loss on obligation             (3,713)       748            3,145     (4,006)        (3,170)          960      (22,450)       8,400       (26,188)        6,102
       - Obligation as at 31 December                     56,124     58,761           20,459     15,170         44,282        47,578      123,083      157,431       243,948       278,940

35.5   Movement in fair value of plan assets

       - Fair value as at 1 January                       61,209     59,361           19,738     16,146        226,513       228,002      187,378      181,447       494,838       484,956
       - Expected return on plan assets                    5,866      4,844            1,970      1,298          4,501        30,589       16,967       16,444         29,304       53,175
       - Contribution by the bank                            -          773              -          -         (149,000)      (34,000)         -         29,689      (149,000)        (3,538)
       - Benefits paid                                    (4,705)    (7,492)             -       (3,090)        (4,627)        (4,236)    (56,534)     (32,031)       (65,866)     (46,849)
       - Compensation                                        -          -                -          -            5,395            -           -             -           5,395           -
       - Actuarial gain/ (loss) on plan assets             8,071      3,723            2,276      5,384          2,814          6,158       5,350        (8,171)       18,511         7,094
       - Fair value as at 31 December                     70,441     61,209           23,984     19,738         85,596       226,513      153,161      187,378       333,182       494,838

35.6   Movement in (receivable) / payable to defined benefit

       Balance as at 1 January                             (2,448)       773          (4,568)      3,772      (178,935)     (181,093)      (29,947)     (36,105)    (215,898)     (212,653)
       Charge for the year                                    (85)       527             173       1,050             -             -        27,669       27,748        27,757        29,325
       Compensation during the year                           -           -              -           -            (5,395)     (26,644)         -            -           (5,395)     (26,644)
       Contribution to the fund during the year               -         (773)            -           -         149,000         34,000          -        (29,689)     149,000           3,538
       Actuarial loss recognised in equity               (11,784)     (2,975)            870      (9,390)         (5,984)       (5,198)    (27,800)       8,099       (44,698)        (9,464)
       Balance as at 31 December                         (14,317)     (2,448)         (3,525)     (4,568)       (41,314)    (178,935)      (30,078)     (29,947)      (89,234)    (215,898)

35.7   Charge for defined benefit plan

       Current service cost                                  148         232             609         725           -             -          33,454       30,505       34,211        31,462
       Interest cost                                       5,633       5,139           1,535       1,623         4,501         3,945        11,182       13,687       22,851        24,394
       Expected return on plan assets                     (5,866)     (4,844)         (1,970)     (1,298)       (4,501)       (3,945)      (16,967)     (16,444)     (29,304)      (26,531)
                                                             (85)        527             174       1,050           -             -          27,669       27,748       27,758        29,325

35.8   Actual return on plan assets

       - Expected return on plan assets                    5,866       4,844           1,970       1,298         4,501        30,589        16,967       16,444       29,304        53,175
       - Actuarial gain/ (loss) on plan assets             8,071       3,723           2,276       5,384         2,814         6,158         5,350       (8,171)      18,511         7,094
                                                          13,937       8,567           4,246       6,682         7,315        36,747        22,317        8,273       47,815        60,269

35.9   Cumulative amount of actuarial gains
        /(losses) recoginised in statement of
        recognised income and expense                     33,180     21,396             (650)        220        43,571        37,587        19,701       (8,099)      95,802        51,104

35.10 Expected contributions for next year                   -                           -                          -                          -                           -

35.11 Components of plan assets as a percentage of total plan assets

       Equities                                               0          0                0          0               0              0          30%           18%
       Bonds                                                 97%       101%             126%       133%             97%            99%         74%           57%
       Cash & net current assets                              3%        -1%              22%        26%              3%             1%         -4%           25%
       Others                                                 0          0               48%       -59%              0              0           0             0




                                                                                                                                                        www.standardchartered.com.pk            92
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




     35.12   Five year data on surplus/ (deficit) of the plans & experience adjusments.

                                                                                 2007                  2006               2005             2004                 2003
                                                                                                                     (Rupees in '000)

             - Present value of defined benefit obligation                    243,948                 278,940             263,831          224,108             185,659

             - Fair value of plan assets                                      333,182                 494,838             484,956          602,787             537,814

             - Surplus/ (deficit)                                                89,234               215,898             221,125          378,679             352,155

             - Experience adjustments on plan
               liabilities loss/(gain))                                       (26,188)                 (6,675)            (10,023)           2,499               1,762

             - Experience adjustments on plan
               assets/(gain)                                                  (22,440)                  7,094              14,574             515               41,071



     36.         SHARE BASED PAYMENTS

                 The Bank participated in the following share compensation plans for the acquisition of shares in the ultimate holding
                 company, Standard Chartered Plc. The market value of shares are denominated in pounds sterling at the time of
                 grant.

                 i)      International Sharesave Scheme

                         The International Sharesave Scheme was first launched in 1996 and made available to all employees of the
                         Bank. Employees have the choice of opening a three-year or a five-year savings contract. Within a period of
                         six months after the third or fifth anniversary, employees may exercise the awards and receive any benefit
                         in cash; alternatively, the employee may elect to have the savings, plus interest, repaid in cash. The price at
                         which they may purchase shares is at a discount of up to 20 percent on the share price at the date of the
                         invitation. There are no performance conditions attached to options granted. The options granted do not
                         confer any right to participate in any share issue of any other company.

                 Movements in the number of share options held by the Bank's employees are as follows:-

                                                                                              Weighted
                                                                                                                                                     Weighted average
                                                                                           average exercise
                                                                                                                                                      exercise price
                                                                  2007                          price                         2006
                                                              Number ('000)                                              Number ('000)
                 At 1 January                                     60                                9.90                      26                               8.71
                 Granted during the year                          31                               12.43                      37                              10.64
                 Exercised during the year                         (6)                              7.43                       -                                -
                 Lapsed during the year                            (7)                              7.43                      (3)                              8.67
                 At 31 December                                   78                               11.07                      60                               9.90



                 The weighted average price at the time the options were exercised during 2007 was £18.65 (2006: £13.90).

                                                                   2007                                                               2006
                                                     Weighted average remaining life                                        Weighted average remaining life


                      Range of exercise Weighted                                                                Weighted
                           price                       No. of                           Contractual                          No. of
                                          average             Expected years                                     average                Expected years Contractual years
                                                      options                              years                             options
                                       exercise price                                                         exercise price



                        £7.43/£12.43            11.07        78      3.33/5.33              2.82                   9.9           60        3.33/5.33             3.06

                 The intrinsic value of vested International Sharesave cash-settled awards as at 31 December 2007 was Rs 6,696 thousand.




93   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




      ii)    Restricted Share Scheme

             The Restricted Share Scheme is a discretionary share incentive scheme for high performing and high potential
             staff at any level of the organisation whom the Group wishes to motivate and retain. Except upon appointment
             when an executive director may be granted an award of restricted shares, the Restricted Share Scheme is
             not applicable to the Group's executive directors, as it has no performance conditions attached to it. Fifty
             per cent of the award vests two years after the date of the grant and the remainder after three years. The
             awards granted under this scheme are nil cost options with any benefit payable in cash. The options granted
             do not confer any right to participate in any share issue of any other company.


       Movements in the number of share options held by the Bank's employees are as follows:-

                                                                       Weighted
                                                                                                                           Weighted average
                                                                    average exercise
                                                                                                                            exercise price
                                                                         price
                                              2007                                                  2006
                                          Number ('000)                                        Number ('000)

      At 1 January                                  53                          -                       52                            -
      Granted during the year                       38                          -                       14                            -
      Exercised during the year                      (8)                        -                      (12)                           -
      Lapsed during the year                       (13)                         -                        (1)                          -
      At 31 December                                70                          -                       53                            -

      The weighted average price at the time the options were exercised during 2007 was £15.15 (2006: £14.35).

                                                   2007                                                       2006
                                       Weighted average remaining life                              Weighted average remaining life


       Range of exercise     Weighted                                                   Weighted
            price                          No. of                   Contractual                      No. of
                              average             Expected years                         average                Expected years Contractual years
                                          options                      years                         options
                           exercise price                                             exercise price



             N/A                   -        70             7             5.15              -           53              7                  5.07



      The intrinsic value of vested Restricted Share Scheme cash-settled awards as at 31 December 2007 was Rs 36,456 thousand.


      iii)   Executive Share Option Scheme (closed)

             The Executive Share Option Scheme is an intrinsic part of the Group's executive directors' and senior
             managers' total remuneration. An EPS performance criterion needs to be met before the options can be
             exercised. Executive share options are exercisable after the third, but before the tenth anniversary of the
             date of grant with any benefit payable in cash. The exercise price is based on the share price at the date
             of grant and options can normally only be exercised if a performance condition is satisfied. The options
             granted do not confer any right to participate in any share issue of any other company.




                                                                                                                     www.standardchartered.com.pk   94
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        Movements in the number of share options held by the Bank's employees are as follows:-

                                                                                     Weighted
                                                                                                                                          Weighted average
                                                                                  average exercise
                                                                                                                                           exercise price
                                                          2007                         price                        2006
                                                      Number ('000)                                            Number ('000)

        At 1 January                                              2                    9.355                           20                        7.2
        Granted during the year                                   -                       0                             -                         -
        Exercised during the year                                (1)                   9.355                          (11)                       6.9
        Lapsed during the year                                    -                       0                            (8)                       7.2
        At 31 December                                            1                     9.36                            1                        9.4

        The weighted average price at the time the options were exercised during 2007 was £15.81 (2006: £14.59).

                                                                   2007                                                       2006
                                                     Weighted average remaining life                               Weighted average remaining life


        Range of exercise price       Weighted                                                         Weighted
                                                        No. of                      Contractual                       No. of
                                       average                     Expected years                       average                 Expected years Contractual years
                                                       options                         years                          options
                                    exercise price                                                   exercise price



              £6.905/£9.36               9.36            1                  5           6.18               9.36         2             5                7.18

        The intrinsic value of vested Executive Share Option Scheme cash-settled awards as at 31 December 2007 was Rs 868 thousand.

        iv)     Performance Share Plan

                The Performance Share Plan is designed as an intrinsic part of total remuneration for the Group's executive
                directors and for a small number of the Group's most senior executives. The awards granted under this scheme
                are nil cost options. Certain performance criteria need to be met before the options can be exercised.

                The option granted do not confer any right to participate in any share issue of any other company.

                Movements in the number of share options held by the Bank's employees are as follows:-

                                                                                    2007                                                   2006
                                                                                Number ('000)                                         Number ('000)

        At 1 January                                                                   30                                                       15
        Granted during the year                                                        14                                                       15
        Exercised during the year                                                       -                                                        -
        Lapsed during the year                                                          -                                                        -
        At 31 December                                                                 44                                                       30


                                                                   2007                                                       2006
                                                     Weighted average remaining life                               Weighted average remaining life


        Range of exercise price       Weighted                                                         Weighted
                                                        No. of                      Contractual                     No. of
                                       average                     Expected years                       average                 Expected years Contractual years
                                                       options                         years                        options
                                    exercise price                                                   exercise price



                  N/A                     -               44            -               8.03               -          30              -                8.5


        The intrinsic value of vested Performance Share Plan cash-settled awards as at 31 December 2007 was Rs 14 thousand.

        v)        The total expense recognised in respect of above schemes amounted to Rs. 99 million and is included in managerial remuneration.




95   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




37.     COMPENSATION OF CHIEF EXECUTIVE AND EXECUTIVES

                                        Note    Chief Executive                     Director                           Executives
                                               2007        2006          2007                 2006              2007                2006
                                                                                    (Rupees in '000)


       Director's fees / remuneration   37.1     -            -              2,980                     968             -                   -
       Managerial remuneration                 81,573      35,570               -                      -        868,705              575,243
       Contribution to defined
        contribution plan                      2,888        2,534               -                      -          68,635              41,594
       Rent and house maintenance              6,303        5,529               -                      -        176,219               89,229
       Utilities                                 -            674               -                      -          12,710              14,594
       Medical                                 1,576          708               -                      -          37,742              60,674
       Others                                     -         3,310              -                       -          80,329              28,810
                                               92,340      48,325            2,980                     968     1,244,340             810,144

       Number of persons                             1            1                 1                      1           443                 392



37.1      The director's fee / remuneration represents fee / remuneration paid to one director for attending the board and
          board sub-committee meetings.

37.2      The Bank also provides free use of furnished accommodation to the Chief Executive and Bank maintained cars
          to the Chief Executive and some of the Executives of the Bank. In addition the Chief Executive and some of the
          Executives are also reimbursed for cost of medical expenses and other benefits like club subscription and education
          etc.

38.       FAIR VALUE OF FINANCIAL INSTRUMENTS

38.1      On-balance sheet financial instruments

          Except for investment in subsidiaries, unlisted companies, fixed term advances of over one year, staff loans and
          fixed term deposits of over one year, the fair value of on balance sheet financial assets and liabilities are not
          significantly different from their book value as these assets and liabilities are either short term in nature or are
          frequently re-priced. The fair value of fixed term advances of over one year, staff loans, fixed term deposits of over
          one year and investment in subsidiaries cannot be calculated with sufficient reliability due to non-availability of
          relevant active market for similar assets and liabilities. The fair value of investment in quoted subsidiaries is disclosed
          in note 10.10.

38.2     Off-balance sheet financial                                  2007                                      2006
           instruments                                   Book value          Fair value            Book value          Fair value
                                                                                        (Rupees in '000)


         Interst Rate swaps / Foreign currency
           options / Forward purchase contracts           267,781,594        271,308,565            153,598,253        158,098,648

         Interst Rate swaps / Foreign currency
           options / Forward sale contracts               200,964,135        198,388,581            132,139,290        136,504,516




                                                                                                                  www.standardchartered.com.pk   96
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




     39.   SEGMENT DETAILS WITH RESPECT TO BUSINESS ACTIVITIES


           The segment analysis with respect to business activity.

                                                              Global             Corporate and           Consumer          Total
                                                              Markets        Institutional Banking        Banking          (Rs)
                                                                                              (Rupees in '000)
           2007


           Total income                                         3,718,629               3,506,479           15,079,564      22,304,672
           Total expenses                                      (1,115,453)             (2,520,916)         (14,577,069)    (18,213,438)
           Net income                                           2,603,176                985,563                 502,495     4,091,234
           Segment Assets (Gross)                              98,741,811             81,200,465            87,151,472     267,093,748
           Segment Non Performing Loans                                 -               6,127,222            4,366,123      10,493,345
           Segment Provision Required                                   -               6,135,154            5,413,380      11,548,534
           Segment Liabilities                                 13,228,846             64,590,366           134,659,692     212,478,904
           Segment Return on net Assets (ROA) (%) *                  2.64%                  1.31%                  0.61%           1.60%
           Segment Cost of funds (%)                 **              3.86%                  3.30%                  1.94%           2.50%


           2006


           Total income                                         2,214,612               2,794,728            9,014,210      14,023,550

           Total expenses                                        (439,879)               (728,648)          (5,494,844)     (6,663,371)

           Net income                                           1,774,733               2,066,080            3,519,366       7,360,179

           Segment Assets (Gross)                              94,683,389             95,873,419            65,211,496     255,768,304

           Segment Non Performing Loans                                 -               5,578,648            2,842,322       8,420,970

           Segment Provision Required                                   -               5,707,785            3,742,783       9,450,568

           Segment Liabilities                                 28,019,638             49,550,172           128,517,813     206,087,623

           Segment Return on net Assets (ROA) (%) *                  1.64%                  2.97%                  7.63%           2.78%

           Segment Cost of funds (%)                 **              3.23%                  3.87%                  4.05%           3.79%


           *   Segment ROA = Net income / (Segment Assets - Segment Provisions)

               For 2006 Segment ROA have been computed based on the full year net income of SCB branches and annualised
               net income of ex. Union bank branches.

           ** Segment cost of funds have been computed based on the average balances.
           The business activities of the Bank are confined to three segments i.e. Consumer Banking, Global Markets and Corporate
           & Institutional Banking (Wholesale Banking). The products and services offered by these segmentsare as follows:

           Global markets

           Overall management of the treasury of the bank and offering various cash and interest risk management
           products to the customers. The products include FX forwards, FX options and interest rate swaps.

           Consumer Banking

           Wealth management, deposits, mortgages, auto finance, cards and loans.

           Corporate and institutional banking

           Trade and lending activities for the corporates and financial institutions.

97   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




40    RELATED PARTY TRANSACTIONS

      Related parties comprise of Standard Chartered Plc., ultimate parent company, its subsidiaries, key management
      personnel, and employees' retirement benefit funds. The transactions with related parties are conducted at
      commercial terms. The bank also provides advances to employees at reduced rates in accordance with their
      terms of employment. The transactions and balances with related parties are summarised as follows:

                                                                                   2007                 2006
                                                                                       (Rupees in ‘000)
      Group
      Nostro balances with other branches of the holding company                    1,377,713               2,120,220
      Overdrawn nostro balances with other branches of the holding company          2,599,288                 238,604
      Vostro balances with other branches of the holding company                      185,806                  91,881
      Overdrawn vostro balances with other branches of the holding company                 31                  50,640
      Placements with Group                                                         7,095,387               1,977,523
      Deposits of Group Company                                                        11,583                  13,097

      Subsidiaries
      Deposits of a subsidiaries                                                      272,163                 314,910
      Loans and other facilities to subsidiaries                                      223,810                 816,429

      Key management personnel
      Loans and advances to key management personnel                                   81,548                 120,553
      Deposits of key management personnel                                             45,371                  36,311

      Others
      Loans and Advances to customers with common directorship                        852,738                  56,207
      Deposits by staff retirement benefit funds                                       79,626                 157,297
      Deposits by customers with common directorship and director                   3,040,145                 563,952
      Loan to Staff Retirement Benefit Fund                                             5,000                   5,000
      Receivable from defined benefit plan                                             89,235                 215,898
      Payable to defined contribution plan                                             31,993                 161,598

      Profit and Loss
      Group
      Net Mark-up / Interest / Income earned from other branches                      453,795                 373,166
      Fee and commission income earned from other branches                              9,070                  19,891
      Reimbursement of executive and general administrative cost                    3,258,982                     -
      Payment to group company for direct sales services rendered                     851,443                 134,653

      Key management personnel
      Mark-up / Interest / Income earned                                                1,518                   4,318
      Mark-up / Interest / Income expensed                                                 55                     461
      Sale of Vehicle                                                                     184                      87
      Salaries and benefits                                                           244,087                 168,176
      Post retirement benefits                                                         11,135                   7,437

      Subsidiaries
      Mark-up / Interest / Income expensed                                             37,960                    4,269
      Mark-up / Interest / Income earned                                               32,416                   56,478
      Lease rentals paid during the period                                             14,145                   38,375
      Administrative expenses including rent & other charges                            7,252                    2,390
      Reimbursement of salaries from modarba                                           11,362                    8,731
      Dividend Income                                                                   6,483                   26,179

      Others
      Contribution to staff retirement benefit funds                                  162,507                   89,615
      Remuneration / Fee paid to non executive director                                 2,980                      968

                                                                                                www.standardchartered.com.pk   98
        Standard Chartered Bank (Pakistan) Limited
        Notes to the Financial Statements
        For the year ended 31 December 2007




        40.1          Net movements in loans and deposits are summarised as follows:

                                                         Balance as at                Net              Net             Balance as at
                                                         31 December           disbursement /      repayments /        31 December
                                                             2006                  deposits        withdrawals             2007
                                                                                         (Rupees in '000)
                      Loans and advances
                      Key Management Personnel                    120,553               23,762              (62,767)           81,548

                      Subsidiaries                                816,429            2,662,142        (3,254,761)            223,810

                      Others                                       61,207              823,797              (27,266)         857,738

                      Deposits
                      Group companies                              13,097            1,005,752        (1,007,266)              11,583

                      Subsidiaries                                314,910           14,033,560       (14,076,307)            272,163

                      Key Management Personnel                     36,311              140,376          (131,316)              45,371

                      Others                                      721,549            9,559,057        (7,160,835)          3,119,771

        41.       CAPITAL ADEQUACY

        41.1      Capital management

                  The Bank’s lead regulator, State Bank of Pakistan (SBP) sets and monitors capital requirements for the Bank
                  as a whole. In addition the Bank's branches in Sri Lanka are also required to follow capital requirements applicable
                  in Sri Lanka.

                  In implementing current capital requirements, SBP requires the Bank to maintain a prescribed ratio of 8% total
                  capital to total risk-weighted assets. The Bank calculates requirements for market risk in its trading portfolio
                  based upon the methodology provided by SBP which takes account of specific and general market risk capital
                  charge for interest rate risk and equity price risk using the duration method.

                  The Bank’s regulatory capital is analysed into three tiers:

                  -      Tier I capital, which includes ordinary share capital, capital and other reserves except exchange translation
                         reserve, minority interest, and retained profit. Goodwill and intangibles are deducted from Tier I capital.


                  -      Tier II capital includes exchange translation reserve, subordinated debt and impairment allowances not kept
                         against identified debts. Subordinated debt is limited to 50% of Tier I capital.

                  -      Tier III supplementary capital consists of short term subordinated debt solely for the purpose of meeting a
                         proportion of the Capital requirements for market risk. The bank currently does not have any Tier III capital.

                  Total of Tier II and III capital is limited to Tier I capital.

                  Banking operations are categorised as either trading book or banking book, and risk-weighted assets are
                  determined according to specified requirements that seek to reflect the varying levels of risk attached to assets
                  and off-balance sheet exposures.

                  The Bank’s policy is to maintain a strong capital base so as to maintain investor, creditor and market confidence
                  and to sustain future development of the business.

                  The Bank and its individually regulated operations have complied with all externally imposed capital requirements
                  throughout the period.

                  The Bank is also required to manage its capital based on Basel II accord under the standardised approach,
                  effective January 2008. At present it is required to submit the quarterly parallel returns calculating the capital
                  requirement.


99   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




41.2   The risk weighted assets to capital ratio, calculated in accordance with the State Bank's guidelines on capital
       adequacy was as follows:-
                                                                                       2007               2006
                                                                                           (Rupees in '000)
       Regulatory Capital Base
       Tier I Capital
         Shareholders Capital / Head Office capital account                           38,715,850              38,715,850
         Reserves                                                                      1,653,044               1,113,606
         Unappropriated/ Unremitted profit                                             2,971,681                 729,214
                                                                                      43,340,575              40,558,670
         Less: Adjustments                                                           (28,705,047)            (29,606,089)
       Total Tier I Capital                                                           14,635,528              10,952,581

       Tier II Capital
         General provisions subject to 1.25% of Total Risk Weighted Assets             1,914,834               1,771,374
         Exchange Translation Reserve                                                      (33,539)               (19,623)
         Subordinated debt Upto 50% of total Equity                                    1,399,736               1,683,093
       Total Tier II Capital                                                           3,281,031               3,434,844
       Eligible Tier III Capital                                                            -                        -
       Total Regulatory Capital               (a)                                     17,916,559              14,387,425


       Risk-Weighted Exposures                              2007                                      2006
                                         Book Value            Risk Adjusted      Book Value             Risk Adjusted
                                                               Value                                     Value
                                                                        (Rupees in '000)
       Credit Risk
       Balance Sheet Items:-
         Cash and other liquid Assets          27,924,140              325,656        26,342,402                 762,365
         Lendings to financial institutions    15,225,935             3,045,187        3,873,224               1,237,045
         Investments                           40,696,466              379,842        34,629,051                 884,558
         Loans and Advances                   119,537,015            95,297,423      129,004,118              99,297,030
         Fixed Assets                          31,967,991             3,734,139       32,435,703               3,369,017
         Other Assets                          20,193,667            15,162,967       20,033,238               9,472,463
                                              255,545,214           117,945,214      246,317,736             115,022,478
       Off Balance Sheet items
         Loan Repayment Guarantees and
          acceptances                               4,635,127         4,367,158        7,059,040               7,051,656
         Performance Bonds etc                 29,382,597            12,077,928       20,328,182               6,205,688
         Interest Rate Swaps                  308,175,301             7,101,064      189,428,050               4,929,891
         Stand By Letters of Credit            25,253,523            10,596,541       16,724,705               7,497,393
         Outstanding Foreign Exchange
          Contracts
           -Purchase                           67,563,100              348,852        53,090,125                 255,218
           -Sale                               59,502,691              348,852        42,715,266                 255,218
          FX Options                           33,504,638               401,126          504,102                   6,049
                                              528,016,977            35,241,521      329,849,470              26,201,113
           Credit risk-weighted exposures                           153,186,735                              141,223,591




                                                                                                 www.standardchartered.com.pk   100
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Financial Statements
         For the year ended 31 December 2007




                                                                     2007                                     2006
                                                     Book Value         Risk Adjusted       Book Value           Risk Adjusted
                                                                        Value                                    Value
                                                                                (Rupees in '000)
                  Market Risk
                    General market risk                                           184,247                                192,256
                    Specific market Risk                                           64,708                                 14,053

                  Market risk-weighted exposures                                3,111,939                              2,578,863
                  Total Risk-Weighted exposures        (b)                   156,298,674                             143,802,455

                  Capital Adequacy Ratio [ (a) / (b) x 100]                        11.46%                                 10.00%

        42.       RISK MANAGEMENT
                  Through its risk management structure the Bank seeks to manage efficiently the core risks: credit, market,
                  country, and liquidity risk. These arise directly through the Bank’s commercial activities whilst compliance
                  and regulatory risk, operational risk and reputational risks are normal consequences of any business undertaking.


                  The basic principles of risk management followed by the bank include:

                  Balancing risk and reward

                  Risk is taken in support of the requirements of the Bank’s stakeholders. Risk should be taken in support
                  of the Bank strategy and within its risk appetite.

                  Responsibility

                  Given the Bank is in the business of taking risk, it is everyone’s responsibility to ensure that risk taking is
                  both disciplined and focused. The Bank takes account of its social, environmental and ethical responsibilities in
                  taking risk to produce a return.

                  Accountability

                  Risk is taken only within agreed authorities and where there is appropriate infrastructure and resource. All
                  risk taking must be transparent, controlled and reported.

                  Anticipation

                  The Bank looks to anticipate future risks and to maximise awareness of all risks.

                  Risk management

                  The Bank aims to implement best practices and have a specialist risk function of international standards,
                  with strength in depth, experience across risk types and economic scenarios.

                  Ultimate responsibility for the effective management of risk rests with the Company’s Board. Acting within
                  an authority delegated by the Board, the Executive Committee, reviews specific risk areas and monitors the
                  activities of the Risk Committee (“RC”) and the Asset and Liability Committee (“ALCO”).

                  RC headed by Chief Risk Officer (CRO), through authority delegated by the Board, is responsible for credit
                  risk, market risk, operational risk, compliance and regulatory risk, legal risk and reputational risk. ALCO,
                  through authority delegated by the Board, is responsible for liquidity risk, for structural interest rate and
                  foreign exchange exposures, and for capital ratios.

                  The day to day responsibility for managing risk rests with CRO who overseas and manages the risk
                  through a team of mangers; Senior Credit Officer responsible for credit risk in Wholesale Bank, Head of
                  Consumer Credit responsible for credit risk in Consumer Bank (including SME), Head of Special Assets
                  Management responsible for remedial risk management, Head of Credit Risk Controls responsible for
                  collateral management, security documentation, credit MIS and controls, Head of Market Risk
                  responsible for liquidity risk and risks associated with price movements, arising from interest and exchange rate
                  movements.

                  The Bank has established polices, procedures, processes, and controls and have provided the Risk team
                  adequate support by way of risk systems and tools for measuring and reporting risk for monitoring, controlling,
                  reviewing and managing risk.
101   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




42.1     Credit risk

         Credit risk is the risk that a counter party will not settle its obligations in accordance with agreed terms.
         Credit exposures may arise from lending, trade finance, securities and derivative exposures. Credit
         exposures include both individual borrowers and groups of connected counterparties and portfolios in the
         banking and trading books.

         The Board of Directors has delegated down the authority to CEO and the Bank’s Executive Committee to
         establish credit risk appetite and make recommendations to the Board for approval of policies for
         managing credit risk. The CEO and the Executive Committee in turn rely on CRO and the Risk Committee
         to determine these and recommend for their support and Board's approval. The CRO is also delegated
         down by the CEO responsibility to delegate credit authorities to independent Risk Officers.

         Credit risk appetite is established through business strategy papers and underwriting standards by the
         business managers, which are approved by the the Executive Committee once recommended and
         supported by the Risk Committee chaired by the CRO.

         Specific procedures for managing credit risk within Wholesale and Consumer (including SME) are
         determined at the Senior Credit Officer and Head of Consumer Credit levels for their respective
         jurisdictions with specific policies and procedures being adapted to different risk environment and
         business goals. Credit analysis includes review of facility details, credit grade determination and financial
         spreading/ratio analysis. Portfolio review, Early Alerts and Stress Testing based on scenario analysis is a
         combined responsibility of Client Relationship and Risk function. Client relationship origination and credit
         approval roles are clearly segregated throughout Wholesale and Consumer Banks.

42.1.1   Wholesale Banking

         Within the Wholesale Banking business, a numerical grading system is used for quantifying the risks
         associated with counterparty. The grading is based on a probability of default measure, with customers
         analysed against a range of quantitative and qualitative measures. Expected Loss is used for the further
         assessment of individual exposures and portfolio analysis. There is a clear segregation of duties with loan
         applications being prepared separately from the approval chain.

42.1.2   Consumer Banking

         For Consumer Banking, standard credit application forms are generally used, which are processed in
         central units for different products and market segments. As with Wholesale Banking, origination and
         approval roles are segregated.




                                                                                                 www.standardchartered.com.pk   102
          Standard Chartered Bank (Pakistan) Limited
          Notes to the Financial Statements
          For the year ended 31 December 2007



      42.1.3   Segment by class of business
                                                                                            2007
                                                                                                                  Contingencies and
                                                      Advances                          Deposit                    Commitments
                                               (Rupees           Percent     (Rupees               Percent     (Rupees         Percent
                                               in '000)                      in '000)                          in '000)

               Chemical and pharmaceuticals      1,503,071            1.15     3,131,055                1.77    4,296,596              7.86
               Agri business                     2,453,390            1.87       540,796                0.31    6,226,734              11.40
               Textile                          14,440,221           11.02     2,977,615                1.68      731,089              1.34
               Communication                     4,014,866            3.06     6,204,478                3.50       73,813              0.14
               Insurance                           200,000            0.15              -                -            270              0.00
               Telecommunications and
                information technology           1,058,556            0.81     9,063,615                5.12    1,150,321               2.11
               Cement                            4,293,077            3.28       737,840                0.42    1,518,114              2.78
               Sugar                             1,951,945            1.49       192,566                0.11      216,000              0.40
               Automobile and transportation
                equipment                          819,521            0.63       464,993                0.26      124,566              0.23
               Financial                         1,379,327            1.05     4,207,604                2.38        9,821              0.02
               Electronics and electrical
                appliances                       1,514,732            1.16     2,346,204                1.32       92,501              0.17
               Production and transmission
                of energy                       11,073,444            8.45     3,450,313                1.95    3,411,146              6.24
               Shoes and leather garments          484,955            0.37        73,081                0.04       10,267              0.02
               Individuals                      56,301,210           42.95   121,636,764               68.66   11,276,689              20.64
               Others                           29,597,234           22.58    22,134,706               12.49   25,498,193              46.67
                                               131,085,549          100.00   177,161,630              100.00   54,636,120             100.00

                                                                                            2006
                                                                                                                  Contingencies and
                                                      Advances                      Deposits                       Commitments
                                               (Rupees           Percent     (Rupees         Percent           (Rupees         Percent
                                               in '000)                      in '000)                          in '000)

               Chemical and pharmaceuticals      8,722,014            6.30     1,982,750                1.26    1,935,553              5.22
               Agri business                     1,053,674            0.76     1,944,733                1.24      641,298              1.73
               Textile                          19,607,411           14.16     1,117,641                0.71    2,260,676              6.10
               Construction                               -            -       2,711,219                1.73       31,626              0.09
               Consumer goods                    1,768,098            1.28     2,599,763                1.66              -              -
               Insurance                           280,000            0.20       328,030                0.21              -              -
               Telecommunications and
                information technology           2,039,851            1.47     2,123,999                1.35       49,314              0.13
               Cement                            4,238,105            3.06       107,545                0.07      989,255              2.67
               Sugar                             1,494,873            1.08        12,671                0.01      180,736              0.49
               Automobile and transportation
                equipment                        1,641,691            1.19       649,207                0.41      753,099              2.03
               Financial                         4,775,955            3.45       398,171                0.25    2,460,470              6.64
               Electronics and electrical
                appliances                       1,601,242            1.16     2,320,104                1.48    4,076,588              11.00
               Production and transmission
                of energy                        1,492,242            1.08     2,937,798                1.87      320,686              0.87
               Communication                       228,712            0.17     1,385,153                0.88              -              -
               Shoes and leather garments          685,705            0.50       154,405                0.10       98,616              0.27
               Individuals                      58,022,735           41.91   104,694,638               66.74       53,342              0.14
               Others                           30,802,378           22.23    31,410,501               20.03   23,201,628              62.62
                                               138,454,686          100.00   156,878,328              100.00   37,052,887             100.00

103    SCBP Annual Report 2007
  Standard Chartered Bank (Pakistan) Limited
  Notes to the Financial Statements
  For the year ended 31 December 2007




42.1.4   Details of non-performing advances and specific provisions
          by class of business segment
                                                          2007                                          2006
                                              Classified         Specific            Classified                Specific
                                               Advances          Provision           Advances                  Provision
                                                                    held                                         held
                                                                         (Rupees in '000)

         Chemical and pharmaceuticals                   144,016             114,281           156,971                74,914
         Agri business                                  477,473             378,889           318,145               151,833
         Textile                                      3,166,013           2,512,322         2,095,145             2,273,990
         Footwear and Leather garments                   14,937              11,853            14,937                 7,129
         Automobile and transportation equipment         30,378              24,106            36,475                17,408
         Financial                                       64,469              51,158             4,782                 2,282
         Production and transmission of energy          274,992             218,214           199,742                95,326
         Individuals                                  3,068,111           2,434,634         2,593,153             1,639,724
         Others                                       3,252,956           1,734,041         3,001,620             1,499,701
                                                     10,493,345           7,479,498         8,420,970             5,762,307


42.1.5    Segment by sector
                                                                            2007
                                                                                                    Contingencies and
                                       Advances                     Deposits                           Commitments
                                 Rupees               %       Rupees                  %           Rupees                   %
                                 in '000                      in '000                             in '000

          Public / Government    13,461,950         10.27       2,129,752            1.20          5,804,115           10.62
          Private               117,623,599         89.73     175,031,878           98.80         48,832,005           89.38
                                131,085,549        100.00     177,161,630          100.00         54,636,120          100.00

                                                                            2006
                                                                                                    Contingencies and
                                       Advances                         Deposits                       Commitments
                                 Rupees                %          Rupees               %          Rupees                   %
                                 in '000                          in '000                         in '000

          Public / Government     8,527,869          6.16      11,399,565            7.27          5,546,111           14.97
          Private               129,926,817         93.84     145,478,763           92.73         31,506,776           85.03
                                138,454,686        100.00     156,878,328          100.00         37,052,887          100.00




                                                                                                   www.standardchartered.com.pk   104
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Financial Statements
         For the year ended 31 December 2007




         42.1.6      Details of non-performing advances and specific provisions by sector

                                                                       2007                                       2006
                                                             Classified         Specific           Classified            Specific
                                                             Advances           Provision          Advances              Provision
                                                                                  held                                     held
                                                                                      (Rupees in '000)
                     Public / Government                              -                  -                  -                     -
                     Private                                   10,493,345          7,479,498          8,420,970             5,762,307
                                                               10,493,345          7,479,498          8,420,970             5,762,307

         42.1.7      GEOGRAPHICAL SEGMENT ANALYSIS
                                                                                           2007
                                                              Profit              Total           Net Assets         Contingencies
                                                               before            asset             employed               and
                                                             taxation           employed                            Commitments
                                                                                      (Rupees in '000)

                     Pakistan                                   4,091,234       254,746,418          42,917,147           54,636,120
                     Sri Lanka                                     34,614           798,796             149,163                  -
                                                                4,125,848       255,545,214          43,066,310           54,636,120

                                                                                           2006
                                                               Profit             Total           Net Assets         Contingencies
                                                               before            asset             employed               and
                                                              taxation          employed                             Commitments
                                                                                      (Rupees in '000)

                     Pakistan                                   7,347,646       245,551,164          40,069,763           36,446,695
                     Sri Lanka                                     12,533           766,572             160,350              606,192
                                                                7,360,179       246,317,736          40,230,113           37,052,887


         42.2       Market Risk

                    The Bank recognises market risk as the exposures created by potential changes in market prices and rates.
                    Market risk exposures arise primarily from interest rate and foreign exchange related contracts. The Bank has
                    no significant exposure to equity and commodity price risk.

                    Market risk is managed by the Head of Market Risk reporting directly to the CRO, who agrees policies and
                    procedures and levels of risk appetite in terms of Value at Risk ("VaR"). Limits are then proposed by the business
                    within the terms of agreed policy. These are agreed and delegated down by CRO under delegated authority
                    from the CEO and are monitored by Head of Market Risk as part of an independent risk management function.
                    Policies cover both the trading and non-trading books.

                    In addition to market risk policies as well as VaR and other market risk limits, independent stress testing of
                    portfolios, factor sensitivity measures and derivatives are also employed as additional risk management tools
                    to manage and hedge market risk exposures. Risk models are periodically back tested against actual results
                    to ensure pre-determined levels of accuracy are maintained.




105   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




42.3   Foreign Exchange Risk

                                                                                      2007
                                                       Assets           Liabilities          Off-balance      Net foreign
                                                                                             sheet items       currency
                                                                                                               exposure
                                                                             (Rupees in '000)

       Pakistan rupee                                  176,129,588        168,955,983            1,694,680        8,868,285
       United States dollar                             36,549,223         35,800,760           (1,556,704)        (808,241)
       Great Britain pound                               1,218,482          1,219,422                1,452              512
       Euro                                              3,268,509          3,271,235                2,370             (356)
       Swiss Franc                                          11,533             11,534                  (40)             (41)
       Japanese yen                                            -                  -                    -                -
       Others                                              874,386            724,155             (141,758)           8,473
                                                      218,051,721         209,983,089                  -          8,068,632

                                                                                      2006
                                                       Assets           Liabilities          Off-balance      Net foreign
                                                                                             sheet items       currency
                                                                                                               exposure
                                                                             (Rupees in '000)


       Pakistan rupee                                 188,594,636        174,852,072           (9,570,466)        4,172,098
       United States dollar                            14,841,059         23,788,773            9,090,226           142,512
       Great Britain pound                              1,596,230          3,797,345            2,201,943               828
       Euro                                             2,719,047          1,785,660             (924,096)            9,291
       Swiss Franc                                         10,614             10,614                   47                47
       Japanese yen                                       230,627                 13             (230,302)              312
       Others                                           1,502,106            925,759             (567,352)            8,995
                                                      209,494,319        205,160,236                  -           4,334,083

       Currency risk is the risk that the value of a financial instrument will fluctuate due to change in foreign exchange
       rates. The Bank undertakes currency risk mostly to support its trade services and maintains overall foreign
       exchange risk position within ten percent of its capital as advised by the SBP and reduces its forward exposure
       by matching future maturities.

       The management set limits on the level of exposure by currency in total for both overnight and intra day positions
       which are monitored daily.




                                                                                                       www.standardchartered.com.pk   106
             Standard Chartered Bank (Pakistan) Limited
             Notes to the Financial Statements
             For the year ended 31 December 2007




 42.4   MISMATCH OF INTEREST RATE SENSITIVE ASSETS AND LIABILITIES
                                                                                                                        2007
                                                      Effective    Total                                                              Exposed to yield / interest rate risk                               Non interest
                                                        yield /                 Upto one     Over one   Over three     Over six      Over one    Over two Over three           Over five     Over ten        bearing
                                                       interest                  month       month to   months to     months to       year to    years to       years to       years to       years         financial
                                                         rate                              three months six months     one year      two years three years five years          ten years                  instruments
                                                                                                                                   (Rupees in '000)
        On-balance sheet financial instruments

        Assets
        Cash and balances with
           treasury banks                              4.54%       26,295,860     3,062,492           -           -            -              -              -            -            -            -      23,233,368
        Balances with other banks                                   1,628,280           -             -           -            -              -              -            -            -            -       1,628,280
        Lendings to financial
           institutions                                7.83%       15,225,935 11,876,097       2,376,978    937,844     35,016               -               -          -              -            -             -
        Investments                                    8.68%       40,696,466 3,615,056        9,078,077 5,761,995 4,675,789           1,308,839         423,956 7,428,497       8,053,559       77,950       272,748
        Advances                                      14.03%      119,537,015 64,851,650      12,198,037 15,857,438 10,713,772         4,673,122       3,598,537 3,015,688         900,257      714,667     3,013,847
        Other assets                                               14,668,165        -               -          -          -                 -               -          -              -            -      14,668,165
                                                                  218,051,721 83,405,295      23,653,092 22,557,277 15,424,577         5,981,961       4,022,493 10,444,185      8,953,816      792,617    42,816,408
        Liabilities
        Bills payable                                               6,637,388         -              -          -          -                 -               -           -             -            -     6,637,388
        Borrowings                                     8.31%        6,616,065 4,005,873              -          -          -                 -               -           -             -            -     2,610,192
        Deposits and other accounts                    1.48%      177,161,630 95,236,736      10,438,060 3,746,640 4,842,350           1,391,359         210,761          12           -            -    61,295,712
        Sub-ordinated loan - TFCs                     12.93%        1,912,455         336            -      236,826     36,132           179,509         370,999     849,052       239,601          -           -
        Other liabilities                                          17,655,551         -              -          -          -                 -               -           -             -            -    17,655,551
                                                                  209,983,089 99,242,945      10,438,060 3,983,466 4,878,482           1,570,868         581,760     849,064       239,601          -    88,198,843
        On-balance sheet gap                                        8,068,632 (15,837,650)    13,215,032 18,573,811 10,546,095         4,411,093       3,440,733   9,595,121     8,714,215      792,617 (45,382,435)

        Off-balance sheet financial instruments

        Forward Lending
        Interest Rate Swap                                        183,466,176 3,971,765              -          -    3,109,405 78,634,399             15,506,278 50,739,697 31,504,632              -             -
        Foreign Currency option                                    16,752,319 3,035,031        2,295,335 3,692,901 7,530,674      198,378                    -          -          -                -             -
        Forward Foreign Exchange Contracts                         67,563,099 34,562,248      11,800,310 15,477,944 5,722,597         -                      -          -          -                -             -
                                                                  267,781,594 41,569,044      14,095,645 19,170,845 16,362,676 78,832,777             15,506,278 50,739,697 31,504,632              -             -

        Forward Borrowing
        Interest Rate Swap                                        124,709,125 13,150,490        2,480,000    100,000   601,184 69,628,708              1,417,804 8,882,716 28,448,223               -             -
        Foreign Currency option                                    16,752,319 3,035,031         2,295,335 3,692,901 7,530,674     198,378                    -          -         -                 -             -
        Forward Foreign Exchange Contracts                         59,502,691 31,089,877      13,763,409 12,473,151 2,176,254         -                      -          -         -                 -             -
                                                                  200,964,135 47,275,398      18,538,744 16,266,052 10,308,112 69,827,086              1,417,804 8,882,716 28,448,223               -             -
        Off-balance sheet gap                                      66,817,459 (5,706,354)      (4,443,099) 2,904,793 6,054,564 9,005,691              14,088,474 41,856,981 3,056,409               -             -

        Total yield / interest risk sensitivity gap                74,886,091 (21,544,004)     8,771,933 21,478,604 16,600,659 13,416,784             17,529,207 51,452,102 11,770,624          792,617 (45,382,435)

        Cumulative yield / interest risk sensitivity gap                                      (12,772,071)   8,706,533 25,307,192 38,723,976          56,253,183 107,705,285 119,475,909 120,268,526




107     SCBP Annual Report 2007
                  Standard Chartered Bank (Pakistan) Limited
                  Notes to the Financial Statements
                  For the year ended 31 December 2007




                                                                                                                    2006
                                          Effective    Total                                                                  Exposed to yield / interest rate risk                        Non interest
                                            yield /                 Upto one     Over one   Over three       Over six      Over one Over two Over three            Over five    Over ten      bearing
                                           interest                  month       month to   months to       months to       year to   years to      years to        years to     years       financial
                                             rate                              three months six months       one year      two years three years five years        ten years               instruments
                                                                                                                        (Rupees in '000)
 On-balance sheet financial instruments

 Assets
 Cash and balances with
    treasury banks                         4.05%       22,797,606    4,363,136          -            -              -              -            -             -            -           -    18,434,470
 Balances with other banks              3.5% - 5.2%     3,544,796      259,438          -        119,350            -              -            -             -            -           -     3,166,008
 Lendings to financial
    institutions                        4.5% - 9.05%   3,873,224     2,967,144    906,080             -          -                -          -          -          -                   -          -
 Investments                                8.06%     34,629,051     3,013,004 1,468,970        3,923,598 17,186,574          630,100 1,552,841 2,742,067 3,766,553                    -      345,344
 Advances                                  12.87%    129,004,118    62,132,333 10,309,523       7,341,726 8,444,674         9,092,129 8,811,619 11,527,430 7,025,970             1,660,051 2,658,663
 Other assets                                         15,645,524    11,695,126        -               -          -                -          -          -          -                   -    3,950,398
                                                     209,494,319    84,430,181 12,684,573      11,384,674 25,631,248        9,722,229 10,364,460 14,269,497 10,792,523           1,660,051 28,554,883
 Liabilities
 Bills payable                                         4,259,834           -          -               -             -             -             -            -            -            -     4,259,834
 Borrowings                             7.05% - 9.2% 22,045,237     16,078,415 4,531,219        1,226,869        12,067       166,667        30,000          -            -            -           -
 Deposits and other accounts               3.71%     156,878,328    77,342,389 11,211,589       6,615,991     6,891,275       315,587        90,005       12,540           13          -    54,398,939
 Sub-ordinated loan - TFCs                 11.09%      2,414,851           146        193         246,132           338       239,570       275,679      976,826      675,967          -           -
 Liabilities against assets subject
    to finance lease                       15.00%           9,724       3,349      6,375              -             -             -             -            -            -            -           -
 Other liabilities                                     19,552,262 11,497,577         -                -             -             -             -            -            -            -     8,054,685
                                                      205,160,236 104,921,876 15,749,376        8,088,992     6,903,680       721,824       395,684      989,366      675,980          -    66,713,458
 On-balance sheet gap                                   4,334,083 (20,491,695) (3,064,803)      3,295,682 18,727,568        9,000,405      9,968,776 13,280,131 10,116,543       1,660,051 (38,158,575)
 Off- balance sheet financial instruments
 Forward Lending
 Interest Rate Swap                                   100,256,077    8,208,013    941,606       2,879,207     1,005,370     3,552,097 62,559,908       4,400,188 16,709,688            -           -
 Foreign Currency option                                  252,051          -          -           252,051           -             -          -               -          -              -           -
 Forward Foreign Exchange Contracts                    51,890,814   16,742,996 14,881,687      19,253,938     1,012,193           -          -               -          -              -           -
                                                      152,398,942   24,951,009 15,823,293      22,385,196     2,017,563     3,552,097 62,559,908       4,400,188 16,709,688            -           -

 Forward Borrowing
 Interest Rate Swap                                    89,171,973    3,786,400    130,171       7,138,957           -       3,153,177 61,822,751       2,452,639 10,687,878            -           -
 Foreign Currency option                                  252,051          -          -           252,051           -             -          -               -          -              -           -
 Forward Foreign Exchange Contracts                    41,653,853   16,023,139 13,317,020      11,210,358     1,103,336           -          -               -          -              -           -
                                                      131,077,877   19,809,539 13,447,191      18,601,366     1,103,336     3,153,177 61,822,751       2,452,639 10,687,878            -           -

 Off-balance sheet gap                                 21,321,065    5,141,470    2,376,102     3,783,830       914,227       398,920       737,157    1,947,549    6,021,810          -           -

 Total yield / interest risk sensitivity gap           25,655,148 (15,350,225)     (688,701)    7,079,512 19,641,795        9,399,325 10,705,933 15,227,680 16,138,353           1,660,051 (38,158,575)

 Cumulative yield / interest risk sensitivity gap                                (16,038,926) (8,959,414) 10,682,381 20,081,706 30,787,639 46,015,319 62,153,672 63,813,723


42.5         Yield / Interest Rate Risk

             Yield risk is the risk of decline in earnings due to adverse movement of the yield curve. Interest rate risk is the risk that the
             value of financial instruments will fluctuate due to changes in the market interest rates. The Bank is exposed to various risks
             associated with the effects of fluctuations in the prevailing levels of market interest rates on its financial position and cash
             flows. The bank manages this risk by matching the re-pricing of assets and liabilities and off-balance sheet instruments.
42.6         Liquidity Risk
             The Bank defines liquidity risk as the risk that the Bank either does not have sufficient financial resources available to meet
             all its obligations and commitments as and when they fall due, or can access them only at excessive cost.
             Liquidity risk is managed through the Asset and Liability Committee ("ALCO"). This committee, chaired by the Chief Executive
             Officer, is responsible for both statutory and prudential liquidity.
             Liquidity risk is monitored through the internal liquidity risk management policy. A range of tools are used for the management
             of liquidity. These comprise commitment and wholesale borrowing guidelines, key balance sheet ratios, medium term funding
             requirements and day to day monitoring of future cash flows.
             In addition, liquidity contingency funding plans are reviewed periodically to ensure that alternative funding strategies are in
             place and can be implemented on a timely basis to minimise the liquidity risk that may arise due to unforeseen adverse changes
             in the market place.
             A substantial portion of the Bank’s assets are funded by customer deposits made up of current and savings accounts and
             other deposits. These customer deposits, which are widely diversified by type and maturity, represent a stable source of funds.
             The Bank also maintains significant levels of marketable securities either for compliance with local statutory requirements or
             as prudential investments of surplus funds.


                                                                                                                                                                           www.standardchartered.com.pk   108
            Standard Chartered Bank (Pakistan) Limited
            Notes to the Financial Statements
            For the year ended 31 December 2007




  42.7   MATURITIES OF ASSETS AND LIABILITIES
                                                                                                                    2007
                                             Total         Upto one         Over one       Over three      Over six      Over one      Over two      Over three     Over five      Over ten
                                                            month           month to       months to      months to       year to      years to       years to       years to       years
                                                                          three months     six months      one year      two years    three years    five years     ten years
         Assets                                                                                              (Rupees in '000)
         Cash and balances with
          treasury bank                      26,295,860     26,295,860                              -              -             -             -              -             -            -
         Balances with other banks            1,628,280      1,628,280              -               -              -             -             -              -             -            -
         Lendings to financial
           institutions                      15,225,935     11,876,097        2,376,978         937,844         35,016          -              -              -             -            -
         Investments                         40,696,466      3,014,408        9,573,077       5,761,995      4,675,789    1,308,839        423,956      7,428,497     8,509,905          -
         Advances                           119,537,015     66,458,010        9,802,899       9,676,325      5,383,487    7,378,079      8,323,936      4,874,100     7,640,179          -
         Other assets                        16,992,650     16,875,854              -           116,796            -            -              -              -             -            -
         Operating fixed assets               3,734,139        282,772           49,862          74,792        149,583      299,166        299,166        598,332       690,232    1,290,234
         Intangible assets                   28,233,852         55,463          110,926         166,389        332,778      523,724        397,136        373,438       178,357   26,095,641
         Deferred tax assets                  3,201,017            -                -               -              -            -              -        3,201,017           -            -

                                            255,545,214    126,486,744       21,913,742      16,734,141     10,576,653    9,509,808      9,444,194     16,475,384    17,018,673   27,385,875
         Liabilities
         Bills payable                        6,637,388      6,637,388              -               -              -            -              -              -             -            -
         Borrowings                           6,616,065      6,616,065              -               -              -            -              -              -             -            -
         Deposits and other accounts        177,161,630    156,532,448       10,438,060       3,746,640      4,842,350    1,391,359        210,761             12           -            -
         Sub-ordinated loan - TFCs            1,912,455            336              -           236,826         36,132      179,509        370,999        849,052       239,601          -
         Other liabilities                   20,151,366     20,151,366              -               -              -            -              -              -             -            -
                                            212,478,904    189,937,603       10,438,060       3,983,466      4,878,482    1,570,868        581,760        849,064       239,601          -
                                             43,066,310    (63,450,859)      11,475,682      12,750,675      5,698,171    7,938,940      8,862,434     15,626,320    16,779,072   27,385,875

         Net assets
         Share capital                       38,715,850
         Reserves                             1,653,044
         Unappropriated profit                2,971,681
         Surplus/(deficit) on revaluation
           of assets                           (274,265)
                                             43,066,310

                                                                                                                   2006
                                             Total         Upto one         Over one       Over three      Over six     Over one       Over two      Over three     Over five      Over ten
                                                            month           month to       months to      months to      year to       years to       years to       years to       years
                                                                          three months     six months      one year     two years     three years    five years     ten years
                                                                                                             (Rupees in '000)
         Assets
         Cash and balances with
          treasury bank                      22,797,606     22,797,606              -              -               -             -             -              -             -                -
         Balances with other banks            3,544,796      3,425,446              -          119,350             -             -             -              -             -                -
         Lendings to financial
           institutions                       3,873,224      2,967,144          906,080             -              -            -             -               -             -             -
         Investments                         34,629,051      3,060,545        1,493,020       3,923,598     17,186,574      630,100     1,552,841       2,742,067     4,040,306           -
         Advances                           129,004,118     64,790,996       10,309,523       7,341,726      8,444,674    9,092,129     8,811,619      11,527,430     7,025,970    1,660,051
         Other assets                        16,929,462     10,902,129        5,542,085             -          485,248          -             -               -             -             -
         Operating fixed assets               3,369,016         75,828          125,373         205,648        315,418      410,624       493,245         558,799     1,034,518      149,563
         Intangible assets                   29,066,687        414,312          632,519         741,654        856,843      985,658     1,494,804       3,198,523     3,261,980   17,480,394
         Deferred tax assets                  3,103,776        503,022              -               -              -            -             -         2,600,754           -             -
                                            246,317,736    108,937,028       19,008,600      12,331,976     27,288,757   11,118,511    12,352,509      20,627,573    15,362,774   19,290,008

         Liabilities
         Bills payable                        4,259,834      3,152,616        1,107,218             -              -            -              -              -             -                -
         Borrowings                          22,045,237     16,078,415        4,531,219       1,226,869         12,067      166,667         30,000            -             -                -
         Deposits and other accounts        156,878,328    114,915,553       28,037,367       6,615,991      6,891,280      315,587         90,000         12,540            10              -
         Sub-ordinated loan - TFCs            2,414,851      1,036,690        1,378,161             -              -            -              -              -                              -
         Liabilities against assets
            subject to finance lease              9,724          1,773            3,373           1,515          3,063           -             -              -             -                -
         Other liabilities                   20,479,649     19,390,665              -               -        1,088,984           -             -              -             -                -
         Deferred tax liabilities                   -
                                            206,087,623    154,575,712       35,057,338       7,844,375      7,995,394      482,254       120,000          12,540            10           -
                                             40,230,113    (45,638,684)     (16,048,738)      4,487,601     19,293,363   10,636,257    12,232,509      20,615,033    15,362,764   19,290,008

         Net assets
         Share capital                       38,715,850
         Reserves                             1,113,606
         Unappropriated profit                  729,214
         Surplus/(deficit) on revaluation
           of assets                           (328,557)
                                            40,230,113




109      SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Financial Statements
For the year ended 31 December 2007




42.8    Operational Risk

        Operational risk is the risk of a direct or indirect loss being incurred due to an event or action arising from the
        failure of technology, processes, infrastructure, personnel and other risks having operational risk impact.

        The Country Operational Risk Group ("CORG") has been established to ensure that an appropriate risk
        management framework is in place at a grass root level and to report, monitor and manage operational, social,
        ethical and environmental risk. The CORG is chaired by the Chief Executive Officer and CRO is an active
        member of this forum.

        All business units within the Bank monitor their operational risks using set standards and indicators. Significant
        issues and exceptions are reported to the CORG and are also picked up by independent Risk function for
        discussion at the Risk Committee chaired by CRO. Disaster recovery procedures, business contingency planning,
        self-compliance audits and internal audits also form an integral part of the operational risk management process.

43.     ISLAMIC BANKING BUSINESS

        The Bank is operating with 7 Islamic Banking branches at the end of current year as compared to 3 Islamic
        Banking branches last year.

                                                                                              2007             2006
                                                                                                (Rupees in '000)
        ASSETS
        Cash in hand                                                                            74,474                21,987
        Balances with and due from Financial Institutions                                    1,213,982               419,982
        Investments                                                                            685,999                  -
        Financing and receivables
           - Murabaha                                                                        1,377,522               805,966
           - Diminishing Musharaka                                                           4,696,880             2,482,581
        Other assets                                                                           111,208                37,248
                                                                                             8,160,065             3,767,764
        LIABILITIES
        Deposits and other accounts
          - Current accounts                                                                 1,159,197               772,859
          - Savings accounts                                                                 2,627,341                88,334
          - Term deposits                                                                    1,787,839             1,149,501
          - Others                                                                                 -                  34,337
        Due to Head Office                                                                   1,449,653             1,033,933
        Other liabilities                                                                       89,342               129,918
                                                                                             7,113,372             3,208,882
        NET ASSETS                                                                           1,046,693               558,882
        REPRESENTED BY
        Islamic Banking Fund                                                                   200,000               200,000
        Reserves                                                                               846,567               358,882
        Surplus / (Deficit) on revaluation of assets - net                                         126                   -
                                                                                             1,046,693               558,882

        Remuneration to Shariah Advisor / Board                                                     -                      -
        Charity fund                                                                                -                      -

44.     DATE OF AUTHORIZATION
        These financial statements were authorized for issue in the Board of Directors meeting held on March 4, 2008.




   Badar Kazmi                     Shayne Nelson                  Ebenezer Essoka                  Munnawar Hamid
  Chief Executive                     Director                        Director                         Director
Dubai : March 04, 2008
                                                                                                        www.standardchartered.com.pk   110
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1
         Statement in respect of written-off loans or any other financial relief of five hundred thousand rupees or above as required under
         sub-section (3) of section 33A of the Banking Companies Ordinance, 1962 during the year ended 31 December, 2007.

                                                                                                            Outstanding Liabilities at       Amount Written off / Concession
                                                                                                             beginning of the year
                            HOLDING
          S. No.   Name & Address of the borrowers      Name of Individuals/    Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                                        Partners/Directors.
                                                        (NIC No./Passport)


          1        SOBIA MOHAMMAD                       SOBIA MOHAMMAD                                  1,094,932      -     -   1,094,932   1,094,932    -     -   1,094,932
                   557, J JOHAR TOWN                    35302-3744447-4
          2        NOMAN                                NOMAN                                           1,057,216      -     -   1,057,216     539,761    -     -       539,761
                   H # B-509, SECTOR 11-A,              42000-0509064-9
                   NORHT KARACHI
                   NEAR FOOTBALL GROUND UNITED
          3        NOMAN                                NOMAN                                           1,057,216      -     -   1,057,216     536,063    -     -       536,063
                   H#B-509 SECTOR 11-A,                 42000-0509064-9
                   NORTH KARACHI NEAR
                   FOOTBAL GROUND
          4        ABID HUSSAIN QURESHI                 ABID HUSSAIN QURESHI                              618,775      -     -    618,775      618,775    -     -       618,775
                   FLAT # A-88 4TH FLOOR ZOHRA          42201-7232546-5
                   SQUARE BLOCK-6 GULSHAN-E-IQBAL
          5        JUNAID KHAN                          JUNAID KHAN                                     1,072,320      -     -   1,072,320   1,072,320    -     -   1,072,320
                   FLAT # 10,1ST FLOOR. ROSE MARRY      42401-7931269-5
                   APP NASEEMABAD STOP. FB AREA
          6        RIZWAN AHMED                         RIZWAN AHMED                                      523,405      -     -    523,405      523,405    -     -       523,405
                   QUAID-E-AZAM BLOCK SUMMDRI           33100-7846508-9
                   ROAD HOUSE # 27
          7        SHABBIR AHMED                        SHABBIR AHMED                                     513,284      -     -    513,284      513,284    -     -       513,284
                   SHARIF PURA KOTLI BHUTA P.O          34603-2629401-7
                   UGOKI TEHSIL & DISTRICT
          8        M. HAROON RASHEED NORANI             M. HAROON RASHEED NORANI                          513,483      -     -    513,483      513,483    -     -       513,483
                   M-811, LIAQAT CHOWK,                 42401-3291468-9
                   GULSHAN-E-ZIA ORANGI TOWN
          9        FURQAN ZAHEER                        FURQAN ZAHEER                                     767,451      -     -    767,451      767,451    -     -       767,451
                   259-B, PEOPLES COLONY-1              33100-0602507-7
          10       RIAZ AHMED                           RIAZ AHMED                                        822,472      -     -    822,472      822,472    -     -       822,472
                   H # P-39,ST # 2                      33100-4376099-5
                   NEW HASEED SHAHEED COLONY
          11       MUHAMMAD ATIF KHAN                   MUHAMMAD ATIF KHAN                              1,020,475      -     -   1,020,475     503,567    -     -       503,567
                   H # R-904, SECTOR 15-A/2             42101-8842096-3
                   BUFFER ZONE
          12       SYED MAKHDOOM RAZA GILANI            SYED MAKHDOOM RAZA GILANI                         998,784      -     -    998,784      998,784    -     -       998,784
                   EE-34, DHA CANTT                     37405-0551328-9
          13       MUHAMMAD MAQSOOD BUTT                MUHAMMAD MAQSOOD BUTT                             658,033      -     -    658,033      658,033    -     -       658,033
                   B- 183 , ST # 6 NEW MOHALLA          37405-7280950-3
                   TRUNK BAZAR
          14       ASIM ALI KAZMI                       ASIM ALI KAZMI                                    986,826      -     -    986,826      986,826    -     -       986,826
                   H # 31/481 MIANA PUIRA TEH & DISTT   34603-2316230-9
          15       SYED ANAR HUSSAIN                    SYED ANAR HUSSAIN                                 628,975      -     -    628,975      628,975    -     -       628,975
                   HOUSE 27, STREET 4, WALET COLONY 37405-6680001-5
                   CHACK SCHEME III
          16       CHAUDHRY ABAID UR REHMAN             CHAUDHRY ABAID UR REHMAN                        1,035,980      -     -   1,035,980     510,255    -     -       510,255
                   H # 129-C, PEOPLES COLONY            33100-5321658-9
          17       SHEHZAD ALI                          SHEHZAD ALI                                       859,347      -     -    859,347      859,347    -     -       859,347
                   FDA FALT # 4                         33105-0297806-3
                   SURAW RD MHDINA TOWN
          18       MUHAMMAD HASIM                       MUHAMMAD HASIM                                    667,276      -     -    667,276      662,992    -     -       662,992
                   P- 226 STREET # 4 MAIN BAZAR         33100-3436932-3
                   MOHALLA SHARIF PURA
          19       MOHAMMAD SAEED                       MOHAMMAD SAEED                                    679,295      -     -    679,295      679,295    -     -       679,295
                   H # P-16, AL FAYAZ COLONY,           33100-4426929-5
                   ST # 2 NEAR JAMIA ISLAMIA IMDADIA
                   SATYANA RD
          20       SHEIKH NABEEL ZAFAR                  SHEIKH NABEEL ZAFAR                               820,493      -     -    820,493      820,493    -     -       820,493
                   52-B PEOPLES COLONY # 1,             33100-8179250-9
                   NEAR LASAL SCHOOL


111   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                   Outstanding Liabilities at       Amount Written off / Concession
                                                                                                    beginning of the year
                  HOLDING
S. No.   Name & Address of the borrowers      Name of Individuals/     Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other    Total
                                              Partners/Directors.
                                              (NIC No./Passport)


21       ASIM RAUF                            ASIM RAUF                                         773,950       -       -   773,950     773,950                  773,950
         P/9 , ST # 2 , TAJ COLONY            33100-6330140-5
         SARGODHA ROAD
22       ANWAR MEHMOOD                        ANWAR MEHMOOD                                     734,311       -       -   734,311     734,311                  734,311
         H # 7,ST # 23, MILKY RAM             35404-9230736-7
         ST RAILWAY ROAD
23       MUHAMMAD WAHID                       MUHAMMAD WAHID                                    621,498       -       -   621,498     621,498                  621,498
         H# 181-Q, PHASE II, DEFENE HOUSING   35201-0950445-5
24       MALLIK MUHAMMAD SARWAR NADEEM MALLIK MUHAMMAD SARWAR NADEEM                            710,271       -       -   710,271     710,271                  710,271
         H # 249 BLOCK- # 1                   35202-2780919-7
         SECTOR D-1 GREEN TOWN,
25       BASIT HUSSAIN                        BASIT HUSSAIN                                                   -       -         -     621,338                  621,338
         HOUSE # A-2, PHASE-1,                42301-1494936-3
         DEFENCE VIEW,
26       MUHAMMAD ABDUL SAMI                  MUHAMMAD ABDUL SAMI                                             -       -         -     520,553                  520,553
         FLAT # A/3 RUFI HEIGHTS              42201-0461071-1
         BLOCK # 17 GULISTAN-E-JOHAR
27       RANA MURTASIM AHMED                  RANA MURTASIM AHMED                               744,202       -       -   744,202     744,202                  744,202
         HOUSE # A-8, LONG LIFE BANGLOWS,     36502-1227967-1
         BLOCK-17, GULISTAN-E-JOHAR
28       MUNAF                                MUNAF                                            1,059,581      -       - 1,059,581     509,740                  509,740
         FLAT# 49/2, FIRST FLOOR              42201-4410297-3
         ZULEKHA MANZIL F.B AREA
29       SYED MUHAMMAD IBRAHIM NAQVI          SYED MUHAMMAD IBRAHIM NAQVI                      1,124,525      -       - 1,124,525     555,351                  555,351
         HOUSE NO.B-27, JAFFAR-E-TAYYAR       42501-9046732-7
         MALIR CITY SURVEY 640
30       IBRAHIM AMIN                         IBRAHIM AMIN                                                    -       -         -     524,390                  524,390
         ROOM NO. 312, RAFIQ PLAZA            35202-6647199-3
         DAVIS ROAD
31       MR. NAVEED MUKHTAR                   MR. NAVEED MUKHTAR                               1,049,700      -       - 1,049,700   1,498,098              1,498,098
         D-33, BLOCK L,
         NORTH NAZIMABAD, KARACHI.
32       SHAKEEL AHMED                        SHAKEEL AHMED                                    1,110,300      -       - 1,110,300     556,508                  556,508
         FLAT # D-7, DOWOOD                   42101-0337343-7
         HEIGHTS SECTOR 5-K,
         NORTH KARACHI
33       MANZOOR ALI                          MANZOOR ALI                                       450,000       -       -   450,000     659,456                  659,456
         HOUSE# 28, BLOCK# C-1,               42101-5064294-5
         CANTT BAZAR, MALIR CANTT
         NEAR SHELL PETROL PUMP
34       HUMAYON ASLAM                        HUMAYON ASLAM                                     642,793       -       -   642,793     642,793                  642,793
         1-F, 1/6, NAZIMABAD NO.1             42101-1581824-3
35       SYED ARIF SHAH                       SYED ARIF SHAH                                    756,718       -       -   756,718     756,718                  756,718
         PLOT # L-596, SHIREEN JINNAH         42301-0703832-5
         COLONY CLIFTON
36       M. MOMIN NAWAZ                       M. MOMIN NAWAZ                                    661,210       -       -   661,210     668,268                  668,268
         H NO. 481 BLOCK-W DHA LAHORE         42201-3976655-9
37       RAZA ARSHAD                          RAZA ARSHAD                                                     -       -         -     671,607                  671,607
         8 KASHMIR COMMERCIAL                 37405-6196610-1
         COMPLEX BLOCK 103 2-E,
         FAZAL -E-HAQ ROAD BLUE AREA
38       NAZIR AHMED CHUDHARY                 NAZIR AHMED CHUDHARY                              628,114       -       -   628,114     628,114                  628,114
         10-F, JOHAR TOWN,                    35202-2894812-7
39       FAHAD AYUB MERCHANT                  FAHAD AYUB MERCHANT                               952,604       -       -   952,604     952,604                  952,604
         EG-5/6 COUNTRY CLUB                  42301-2851136-1
         APPARTMENTS B-STREET, D-H-A
40       SHEIKH KHALID MEHMOOD                SHEIKH Individuals/
                                              Name of KHALID MEHMOOD                            604,278       -       -   604,278     593,981                  593,981
                                              Partners/Directors.
                                              35202-1758004-9
                                              (NIC No./Passport)


                                                                                                                                           www.standardchartered.com.pk   112
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                          Outstanding Liabilities at           Amount Written off / Concession
                            HOLDING                                                                        beginning of the year
          S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal       Interest Other   Total   Principal Interest Other     Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          41       ASHRAF ALI                        ASHRAF ALI                                          695,665         -    -    695,665     695,665     -     -        695,665
                   H # 72 STREET # 7                 35201-6676485-3
                   GREEN PARK SULTAN
                   MEHMOOD RD SHALIMAR RD
          42       SYED SHAHWAR ALI                  SYED SHAHWAR ALI                                    900,113         -    -    900,113     900,113     -     -        900,113
                   ST # BEHAR SHAD ROAD,             35202-8860425-1
                   AL FAISAL TOWN, D- BLOCK, CANT
          43       ZAHID HUSSAIN                     ZAHID HUSSAIN                                       535,720         -    -    535,720     535,720     -     -        535,720
                   SITAYANA ROAD,                    33100-7852757-7
                   HOUES NO P-191,
                   MOHALLA FATHABAD, BLOCK B,
          44       ZAFAR ALI KHAN                    ZAFAR ALI KHAN                                               -      -    -            -   661,429     -     -        661,429
                   HOUSE # 5 AREA 5-D LANDHI # 6     42201-5166037-3
          45       ANJUM SHEHZAD                     ANJUM SHEHZAD                                                -      -    -            -   645,041     -     -        645,041
                   HOUSE -113 AL HAMRA               42201-0796648-9
                   SOCIETY TIPU SULTAN ROAD
          46       MUHAMMAD IFTIKHAR KHAN            MUHAMMAD IFTIKHAR KHAN                                       -      -    -            -   645,024     -     -        645,024
                   HOUSE 11-A STREET -47 SEC F-7/1   17301-8012493-3
          47       ABRAR HUSSAIN                     ABRAR HUSSAIN                                                -      -    -            -   500,020     -     -        500,020
                   OFFICE # 3 PLOT # 46 I & T        35200-3907338-5
                   CENTRE G-11/1
          48       FAHEEM IRFAN AWAN                 FAHEEM IRFAN AWAN                                            -      -    -            -   637,712     -     -        637,712
                   H # 173 ARMY HOUSUNG COMPLEX      35201-0534292-5
                   ZARRAR SHAHEED ROAD
          49       AZHAR HUSSAIN                     AZHAR HUSSAIN                                       609,414         -    -    609,414     586,415     -     -        586,415
                   RUBY VILLAS, HOUSE NO.41          34603-3065784-1
                   KASHMIR ROAD
          50       RIZWAN MUSTUFA                    RIZWAN MUSTUFA                                      675,877         -    -    675,877     675,877     -     -        675,877
                   H # 12/86, HAMZA GHOUS            34603-7341411-3
                   PASRUR ROAD
          51       SYED HASSAN ABBAS                 SYED HASSAN ABBAS                                   848,022         -    -    848,022     848,022     -     -        848,022
                   FLAT # 5, BLOCK-# 3 G-10/2 ISB    61101-1382814-3
          52       SAIF UR REHMAN                    SAIF UR REHMAN                                      874,650         -    -    874,650     874,650     -     -        874,650
                   H # 11, ST # 2, GULBERG TOWN      35202-8056168-7
                   PAF CHAKLALA ROAD
          53       SOHAIL FAROOQ                     SOHAIL FAROOQ                                     1,122,445         -    -   1,122,445    543,278     -     -        543,278
                   167/Z , BLK-B ADAMJEE NAGAR,      42201-6633730-5
                   AMEER KHUSRO ROAD
          54       MUHAMMAD NAZIM                    MUHAMMAD NAZIM                                    1,078,476         -    -   1,078,476    533,051     -     -        533,051
                   H # B-195/5 ROSHAN BAGH           42101-5476074-3
                   SOCIETY F.B AREA BLOCK-19
          55       MUBASHAR AFZAL YOUSAF ZAI         MUBASHAR AFZAL YOUSAF ZAI                           753,537         -    -    753,537     753,537     -     -        753,537
                   FLAT NO 2 BLOCK 85 ST NO 32       61101-4148498-5
                   I & T CENTER G 9/1 ISL
          56       ZULFIQAR ALI                      ZULFIQAR ALI                                        605,301         -    -    605,301     605,301     -     -        605,301
                   H NO 804 ST 72 I-8/3 ISB          246-60-276850
          57       SYED SIKANDER ALI SHAH            SYED SIKANDER ALI SHAH                              660,326         -    -    660,326     660,326     -     -        660,326
                   195-A-LANE NO-18 STREET NO-7      707-92-431643
                   GULREZ COLONY PHASE-II RWP
          58       M USMAN                           M USMAN                                             556,778         -    -    556,778     556,778     -     -        556,778
                   H NO NA -301 7TH                  1330138189253
                   ROAD ST TOWN RWP
          59       ABDUL SAMAD SATTAR                ABDUL SAMAD SATTAR                                  742,051         -    -    742,051     742,051     -     -        742,051
                   H NO D 1 DAWOOD COLONY            513-72-040166
                   REAL T V STATION KHI
          60       NAVEED HUSSAIN                    NAVEED HUSSAIN                                      698,749         -    -    698,749     698,749     -     -        698,749
                   HOUSE B 735 BLOCK 13              523-79-017088
                   F B AREA KARACHI


113   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                 Outstanding Liabilities at       Amount Written off / Concession
                  HOLDING                                                                         beginning of the year
S. No.   Name & Address of the borrowers     Name of Individuals/    Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                             Partners/Directors.
                                             (NIC No./Passport)


61       GULAB DIDUG                         GULAB DIDUG                                     550,422        -     -    550,422    550,422       -    -       550,422
         IZHAN GARDEN PLOT NO JM 91          532-71-296440
         FLAT NO 602 6TH FLOOR PARSI
         COLONY SOLDIER BAZAR KHI
62       DANISH RANA                         DANISH RANA                                     648,974        -     -    648,974    648,974       -    -       648,974
         H NO D 3 01 MALIR COLONY KHI        519-79-527918
         SAUD ABAD
63       AGHA ISRAR AHMED KHAN               AGHA ISRAR AHMED KHAN                           1,172,408      -     - 1,172,408     1,172,408     -    -   1,172,408
         OFF KHAYABAN-E-QASIM 197/II,        4230197048143
         PHASE 8 D.H.A KARACHI
64       SHAHID AHMED SIDDIQUI               SHAHID AHMED SIDDIQUI                           599,550        -     -    599,550    599,550       -    -       599,550
         FLAT NO A 41 ERUM GARDEN            502-65-067407
         BLOCK 13 D GULSHAN E IQBAL KHI
65       MONEEB KHALIQ KHAN                  MONEEB KHALIQ KHAN                              815,690        -     -    815,690    815,690       -    -       815,690
         F 23 DEFENCE VIEW PHASE 2 DHA KHI   42301-4985801-3
66       IJAZ AHMED                          IJAZ AHMED                                      643,687        -     -    643,687    643,687       -    -       643,687
         FLR PLOT NO.613 D 27 FLR COMMON     35404-3426277-5
         STREET TOHID COMMERCIAL STREET
67       HUSSAIN                             HUSSAIN                                         700,000        -     -    700,000    700,000       -    -       700,000
         PAINT HOUSE - 06, 7TH FLOOR,        0
         PHASE11, BAITUL HINA BLOCK 18,
         GULISTAN-E-JOHAR, KHI
68       SAEED AHMED                         SAEED AHMED                                     547,178        -     -    547,178    547,178       -    -       547,178
         256 B REVENUE HOUSING SOCIETY       267-91-076528
         COLLEGE ROAD TOWNSHIP LHR
69       FAROOQ FAISAL                       FAROOQ FAISAL                                   508,427        -     -    508,427    508,427       -    -       508,427
         HOUSE NO 19 GALI NO 8 AMIN PARK     135-92-487002
         AFTAB CHOWK RAVI ROAD LHR
70       RAJA RIAZ AHMAD                     RAJA RIAZ AHMAD                                 1,147,808      -     - 1,147,808     1,147,808     -    -   1,147,808
         H NO-49, BABAR BLOCK                210-65-856041
         NEW GARDEN TOWN LHR
71       SHIEKH TANVEER                      SHIEKH TANVEER                                  538,912        -     -    538,912    538,912       -    -       538,912
         HOUSE NO-280 ST-6 G-4               502-67-170281
         WAPDA TOWN LAHORE
72       AAMIR WAQAR                         AAMIR WAQAR                                     604,844        -     -    604,844    604,844       -    -       604,844
         H NO E 4/1 BILAL TOWN ARIF ABAD     279-76-800193
         BEADIAN ROAD LHR
73       MOHAMMAD AZEEM                      MOHAMMAD AZEEM                                  624,682        -     -    624,682    624,682       -    -       624,682
         H NO 260 A ST NO 42 A RAJA WALA     35202-2496885-5
         BAGH CHAH MEERA LHR
74       ATTA ULLAH                          ATTA ULLAH                                      601,530        -     -    601,530    601,530       -    -       601,530
         57 A NISAR ROAD LHR CANTT           247-72-278558
75       M ZULFIQAR ALI                      M ZULFIQAR ALI                                  572,392        -     -    572,392    572,392       -    -       572,392
         HOUSE NO-9-D STREET-37 BASTAMI      266-93-361069
         ROAD SAMANABAD LAHORE
76       FAROOQ ANWAR                        FAROOQ ANWAR                                    526,200        -     -    526,200    526,200       -    -       526,200
         10 MEHRAN BLOCK                     272-56-589516
         ALLAMA IQBAL TOWN LAHORE
77       JAVED IQBAL HASHMI                  JAVED IQBAL HASHMI                              579,855        -     -    579,855    579,855       -    -       579,855
         SUIT NO 8 MARKET 2ND FLOOR          252-71-218844
         OLD ORIGA COMPLEX
         MAIN MARKET GULBERG LAHORE
78       MIAN MOHAMMAD AKRAM                 MIAN MOHAMMAD AKRAM                             663,534        -     -    663,534    663,534       -    -       663,534
         HOUSE - 339-A NISHTAR BLOCK         276-70-104567
         ALLAMA IQBAL TOWN LHR
79       RASHID                              RASHID                                          665,232        -     -    665,232    665,232       -    -       665,232
         H-NO-5, ST-NO-1, SCHEME NO-2,       278-80-673616
         SHAD BAGH LHR


                                                                                                                                            www.standardchartered.com.pk   114
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                          Outstanding Liabilities at       Amount Written off / Concession
                            HOLDING                                                                        beginning of the year
          S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          80       EJAZ UD DIN QURESHI                 EJAZ UD DIN QURESHI                            585,593        -     -    585,593    585,593      -     -       585,593
                   H-148-BLOCK A NEW TAJ PURA          271-58-006004
                   SCHEME LDA LHR,
          81       ABDUL MANAN                         ABDUL MANAN                                    514,813        -     -    514,813    514,813      -     -       514,813
                   HOUSE NO-B-49 BLOCK-B MEMON         451-90-029243
                   CO OPERATIVE HOUSING
                   SOCIETY QASIMABAD HYD
          82       MIRZA MOHAMMAD ASIF                 MIRZA MOHAMMAD ASIF                            567,130        -     -    567,130    567,130      -     -       567,130
                   H NO 193 EAST CHOBARA               305-89-210236
                   TEHSIL PASRUR DISTT SKT
          83       BILAL AFZAL MALIK                   BILAL AFZAL MALIK                              760,950        -     -    760,950    760,950      -     -       760,950
                   CIRCULAR ROAD H NO 26/127           34603-4275165-7
                   MOHALLA TIBBA HAIDER PARK SKT
          84       JAWAHAD SAEED                       JAWAHAD SAEED                                  621,765        -     -    621,765    621,765      -     -       621,765
                   HOSE NO 23/207                      300-82-604327
                   MOHALLAH MORI GATE SIALKOT
          85       MOHAMMAD NAWAZ BHATTI               MOHAMMAD NAWAZ BHATTI                          527,262        -     -    527,262    527,262      -     -       527,262
                   GALI NO 3 MOHALLA AFZAL             285-56-395032
                   PURA DHULLAY GRW
          86       WASEEM ISLAM BAJWA                  WASEEM ISLAM BAJWA                             566,710        -     -    566,710    566,710      -     -       566,710
                   HOUSE NO 5 B MOH                    285-78-772913
                   MODEL TOWN GRW
          87       MOHAMMAD EJAZ                       MOHAMMAD EJAZ                                  592,881        -     -    592,881    592,881      -     -       592,881
                   ARBAN AREA ST NO 7 BLOCK 29         231-65-163990
                   SARGODHA
          88       ASGHAR SOHAIL KAMOKA                ASGHAR SOHAIL KAMOKA                           618,712        -     -    618,712    618,712      -     -       618,712
                   P 14 ST NO 2 MOHALLA DUDI           244-91-404539
                   WALA GARBI GHOSIA BAZAR FSD
          89       M BOOTA                             M BOOTA                                        514,917        -     -    514,917    514,917      -     -       514,917
                   CHAK NO 188 R B IQBAL NAGAR         247-65-194936
                   JHUMRA ROAD FSD
          90       MOHAMMAD SHAHZAD                    MOHAMMAD SHAHZAD                               629,315        -     -    629,315    629,315      -     -       629,315
                   P 303 ST NO 11 NEAR IQBAL           33100-6750636-1
                   STADIUM ISLAM NAGAR FSD
          91       ALI RAZA                            ALI RAZA                                       551,845        -     -    551,845    551,845      -     -       551,845
                   449 WEAVERS COLONY                  246-81-497647
                   G M ABAD FAISALABAD
          92       GHULAM ABBAS                        GHULAM ABBAS                                   574,185        -     -    574,185    574,185      -     -       574,185
                   KOTHI NO 10 OLD CIVIL               232-83-316033
                   LINE COLONY SARGODHA
          93       MUHAMMVAD FAROOQ                    MUHAMMAD FAROOQ                                516,555        -     -    516,555    516,555      -     -       516,555
                   P-243-244 ST-03 SARFARAZ COLONY FSD 244-57-390746
          94       KALEEM AHMED KHAN                   KALEEM AHMED KHAN                              549,532        -     -    549,532    549,532      -     -       549,532
                   HOUSE NO 119-B SHEIKH               244-76-384049
                   COLONY JHUNG ROAD FASALABAD
          95       ALI ASGHAR                          ALI ASGHAR                                     676,622        -     -    676,622    676,622      -     -       676,622
                   HOUSE - 733,                        244-73-131189
                   PEOPLES COLONY - 1,
                   BLOCK B, FAISALABAD
          96       AMJAD ALI                           AMJAD ALI                                      568,814        -     -    568,814    568,814      -     -       568,814
                   P - 242 H BLOCK, ALLAMA IQBAL       245-75-282172
                   COLONY, FAISALABAD
          97       M SHAFIQ                            M SHAFIQ                                       544,395        -     -    544,395    544,395      -     -       544,395
                   H NO 2068/A AGA PURA                322-86-024416
                   BAROON DEHLI GATE MLT
          98       SIDDRA RIAZ                         SIDDRA RIAZ                                    625,105        -     -    625,105    625,105      -     -       625,105
                   H NO 12 ST NO 12 GREEN HUTS         36302-7364895-6
                   ZAKRIA TOWN MULTAN


115   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                   Outstanding Liabilities at           Amount Written off / Concession
                   HOLDING                                                                          beginning of the year
 S. No.   Name & Address of the borrowers    Name of Individuals/      Father/Husband's Name   Principal       Interest Other   Total   Principal Interest Other     Total
                                             Partners/Directors.
                                             (NIC No./Passport)


99        HABIB AHMED                        HABIB AHMED                                         795,780          -     -   795,780       795,780    -     -       795,780
          HOUSE NO 3 GALI DR LATIF           323-86-656864
          ULLAH NUSRAT SHAHEED ROAD
          MUMTAZABAD COLONY MULTAN
100       ATTA UR REHMAN                     ATTA UR REHMAN                                      532,080          -     -   532,080       532,080    -     -       532,080
          KHAN VILLAS - 5 ST - 1 NEW WAQAS   322-80-697364
          TOWN NEAR CHUNG -1 MULTAN
101       ZAKA UD DIN YOUSAF                 ZAKA UD DIN YOUSAF                                1,112,278          -     - 1,112,278     1,112,278    -     - 1,112,278
          HOUSE NO 9-B,SHADMAN II LHR        272-47-291015
102       MAZHAR ALI                         MAZHAR ALI                                          508,250          -     -   508,250       508,250    -     -       508,250
          QAMAR MANZIL PLOT M I I E 1013     506-53-128743
          BLOCK C 3RD FLOOR ST NO 26
          ALAMGIR ROAD SHERSHAH KHI
103       INTERNATIONAL AIR LINES            INTERNATIONAL AIR LINES                                       -      -     -           -     565,961    -     -       565,961
                                             -
104       YAWAR HUSSAIN SHAH                 YAWAR HUSSAIN SHAH                                            -      -     -           -     523,511    -     -       523,511
          H NO F 1017 AWAN MARKET SONERI     276-52-127570
          MASJID KASHMIRI BAZAR LHR
105       INTERNATIONAL AIR LINES            INTERNATIONAL AIR LINES                                       -      -     -           -     576,644    -     -       576,644
                                             -
106       CH SARFARAZ AFZAL                  CH SARFARAZ AFZAL                                 3,861,317          -     - 3,861,317     3,861,317    -     - 3,861,317
          H NO 1 WALLAYAT MANZIL             210-75-614572
          SALLAYAL KHAN ROAD GULRAZI
107       S AQIB RAZA NAQVI                  S AQIB RAZA NAQVI                                             -      -     -           -     573,920    -     -       573,920
          H NO 456 457 HUNZA BLOCK           271-65-013363
          ALLAMA IQBAL TOWN LHR
108       MOHAMMAD NASIR                     MOHAMMAD NASIR                                      593,552          -     -   593,552       593,552    -     -       593,552
          CHAK NO 47 NB NEAR GIRLS           231-75-244212
          HIGH SCHOOL SARGODHA
109       AQEEQ-UR-REHMAN                    AQEEQ-UR-REHMAN                                               -      -     -           -     515,585    -     -       515,585
          626/3,Z-BLOCK DHA LHR              265-92-385537
110       NAEEM ISMAIL                       NAEEM ISMAIL                                                  -      -     -           -     709,626    -     -       709,626
          134-EI GULBERG 3 LHR               270-50-075805
111       HUSSAIN FAROOQ ARSHAD              HUSSAIN FAROOQ ARSHAD                                         -      -     -           -     618,244    -     -       618,244
          HOUSE NO 23-S, DHA LHR             252-79-462354
112       MIRZA QASWEER BAIG                 MIRZA QASWEER BAIG                                            -      -     -           -     655,996    -     -       655,996
          6-S-I ST 3 MUSLIM RD               269-78-466454
          UTTAM NAGAR SAMNABAD LHR
113       SH ABDUL SALMAN                    SH ABDUL SALMAN                                               -      -     -           -     516,752    -     -       516,752
          P-142, ST NO 5,                    245-53-023723
          BAZAR NO 2, RAZABAD FSD
114       SHAHBAZ ASLAM                      SHAHBAZ ASLAM                                                 -      -     -           -     573,151    -     -       573,151
          HOUSE NO 768 X BLOCK DHA LHR       277-68-161003
115       WAQAR NADIR JOURA                  WAQAR NADIR JOURA                                             -      -     -           -     523,090    -     -       523,090
          NADIR HOUSE REHMAN                 224-89-151107
          SHAHEED RD GJW
116       SHAHZAD ALI JATOI                  SHAHZAD ALI JATOI                                             -      -     -           -     605,082    -     -       605,082
          51/1 KHAYABAN E JANBAZ             501-79-923016
          PHASE 5 DHA KHI
117       M BILAL LONE                       M BILAL LONE                                                  -      -     -           -     572,259    -     -       572,259
          LONE HOUSE MUARADIA RD             300-94-513285
          MODLE TOWN SKT
118       NIAZ AHMED RAI                     NIAZ AHMED RAI                                                -      -     -           -     517,122    -     -       517,122
          HOUSE NO 459 NIZAM BLOCK           373-50-226697
          ALLAMA IQBAL TOWN LHR
119       ARIF WAHEED QURESHI                ARIF WAHEED QURESHI                                           -      -     -           -     658,033    -     -       658,033
          HOUSE NO.155                       35202-3013304-9
          SECTOR A-1 TOWNSHIP LHR


                                                                                                                                               www.standardchartered.com.pk   116
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                                   Outstanding Liabilities at       Amount Written off / Concession
                                                                                                                    beginning of the year
                             HOLDING
          S. No.    Name & Address of the borrowers       Name of Individuals/      Father/Husband's Name   Principal     Interest Other    Total   Principal Interest Other     Total
                                                          Partners/Directors.
                                                          (NIC No./Passport)


          120      M BABAR                                 M BABAR                                             -              -        -        -   607,830      -      -      607,830
                   402-C ALMUSTAFA                         510-60-385624
                   HOMES TOWN CLIFTON KHI
          121      SH NAVEED IMTIAZ                        SH NAVEED IMTIAZ                                   -              -        -         -   607,759      -      -      607,759
                   P-636/4 ST NO.16 MAIN BAZAR             33100-8237373-5
                   MANSURABAD, FSD
          122      ZAHID FAIZ                              ZAHID FAIZ                                         -              -        -         -   618,029      -      -      618,029
                   P-102,OLD YOUNG WALA                    246-65-005479
                   AGRICULTURE UNIVERSITY FSD
          123      M IMRAN                                 M IMRAN                                            -              -        -         -   608,372      -      -      608,372
                   113/A3-PUNJAB EMPLOYEES                 270-78-612908
                   COPRATIVE HOUSING SOCIETY LHR
          124      MEHMOOD QAISER NAZ                      MEHMOOD QAISER NAZ                                 -              -        -         -   608,066      -      -      608,066
                   HOUSE NO 66-A,ST NO 4,                  518-63-313061
                   FAISAL COLONY AIRPORT RWP
          125      NAJEED HAIDER                           NAJEED HAIDER                                      -              -        -         -   727,451      -      -      727,451
                   94/5.A.TUFAIL RD LHR                    274-68-471308
          126      SH M FARHAN QURESHI                     SH M FARHAN QURESHI                                -              -        -         -   514,969      -      -      514,969
                   HOUSE NO 16 DATA STREET 23              271-78-391544
                   HAJI BLOCK LHR (SODIWAL QATAR)
          127      ASAD AHMED ASAD                         ASAD AHMED ASAD                                    -              -        -         -   518,658      -      -      518,658
                   HOUSE NO 508 IBN E SINA RD G-9-3 ISL    61101-5583769-9
          128      AQEEL AHMED RANA                        AQEEL AHMED RANA                                   -              -        -         -   728,303      -      -      728,303
                   NA-349 7TH RD SATELLITE TOWN RWP        220-74-489182
          129      S M MASOOM HUSSAIN                      S M MASOOM HUSSAIN                                 -              -        -         -   507,062      -      -      507,062
                   105-B CANAL VIEW LHR                    267-54-349861
          130      ADNAN LATIF KHAN                        ADNAN LATIF KHAN                                   -              -        -         -   657,921      -      -      657,921
                   HOUSE NO 103 ST NO 17A                  211-72-158316
                   CHAKLALA SCHEME 3 RWP
          131      ASHRAF KHAN                             ASHRAF KHAN                                        -              -        -         -   518,240      -      -      518,240
                   119-A G-III JOHAR TOWN LHR              212-60-017480
          132      AZHAR MUKHTAR SADDIQUE                  AZHAR MUKHTAR SADDIQUE                             -              -        -         -   520,626      -      -      520,626
                   154-CHENAB BLOCK ALLAMA                 272-64-089475
                   IQBAL TOWN LHR
          133      M ISMAIL SHEIKH                         M ISMAIL SHEIKH                                    -              -        -         -   511,927      -      -      511,927
                   BUNGLOW NO C-90 SHARIF SQUARE           451-90-104469
                   HUSSAINABAD RD HYD
          134      SHAHZAD SATTAR RAJA                     SHAHZAD SATTAR RAJA                                -              -        -         -   515,791      -      -      515,791
                   HOUSE NO 1185, ST NO 82, G-9/4, ISL     517-72-159883
          135      MUBASHIR KHAN                           MUBASHIR KHAN                                      -              -        -         -   615,063      -      -      615,063
                   HOUSE NO 24, MOON COLONY,               275-72-387116
                   SAMANABAD LHR
          136      M NADEEM                                M NADEEM                                           -              -        -         -   576,360      -      -      576,360
                   HOUSE NO 09 ST NO 30 ,                  35202-2538350-5
                   ABDULLAH STREET CHAH MIRAN LHR
          137      HAMID ZAHEER                            HAMID ZAHEER                                       -              -        -         -   612,851      -      -      612,851
                   HOUSE NO 49, ST NO 33 ,F-8/1 ISL        61101-9104004-5
          138      MEHMOOD UL HASAN                        MEHMOOD UL HASAN                                   -              -        -         -   613,303      -      -      613,303
                   CHAK NO 203 R.B MALIK PUR               296-93-029474
                   NISHAT ABAD FSD
          139      MIRZA AMJAD MEHMOOD                     MIRZA AMJAD MEHMOOD                                -              -        -         -   519,676      -      -      519,676
                   HOUSE NO 1098/A, MOHALLAH               37405-6724499-5
                   ABBASIABAD,STADIUM RD RWP
          140      BAHADAR ALI                             BAHADAR ALI                                        -              -        -         -   731,362      -      -      731,362
                   HOUSE D-138 SATELLITE TOWN RWP          15602-9502602-9
          141      BASHARAT ALI QADRI                      BASHARAT ALI QADRI                                 -              -        -         -   519,822      -      -      519,822
                   HOUSE NO 16 ST NO 03 HAJI PARK          271-90-052191
                   BLOCK NO 23 SADIWAL QUARTER LHR


117   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                   Outstanding Liabilities at       Amount Written off / Concession
                                                                                                    beginning of the year
                   HOLDING
S. No.    Name & Address of the borrowers     Name of Individuals/     Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                              Partners/Directors.
                                              (NIC No./Passport)


142      IFTIKHAR BASHIR CHEEMA               IFTIKHAR BASHIR CHEEMA                              -           -       -         -   613,357      -     -       613,357
         E-273/1 ST NO 1 RIFFLE               335-92-156158
         RANGE RD LHR CANTT
143      M KHAN                               M KHAN                                              -           -       -         -   613,757      -     -       613,757
         HOUSE NO CA 256 SIDDIQUE             61101-1970193-9
         CHOWK SATELLITE TOWN RWP
144      M ARSHAD BUTT                        M ARSHAD BUTT                                       -           -       -         -   522,717      -     -       522,717
         15-S 4/3, AMNA BUTT CLINIC,          265-93-317976
         MAIN BAZAR KARAM NAGAR
         KHOKHAR RD BADAMI, BAGH LHR
145      SIDDIQUE ALI BHATTI                  SIDDIQUE ALI BHATTI                                 -           -       -         -   582,696      -     -       582,696
         HOUSE NO 34/374,                     300-80-384065
         ALLAMA IQBAL STREET SKT
146      ATTA MOHAMMAD                        ATTA MOHAMMAD                                       -           -       -         -   516,395      -     -       516,395
         BANGLOW NO 19GULSHAN E DASTAGIR 452-86-164905
         HALA NAKA SOCIETY HYD
147      MUSHTAQ AHMED MEMON                  MUSHTAQ AHMED MEMON                                 -           -       -         -   524,011      -     -       524,011
         FLAT NO 16 B 1ST FLOOR               450-50-131461
         WAPDA POWER WING COLONY HYD
148      IMRAN BASHIR                         IMRAN BASHIR                                        -           -       -         -   513,791      -     -       513,791
         836/P GALI NO 7,                     246-92-435807
         RAJA GHULAM RASOOL NIGHAR FSD
149      SALMAN SAEED PARACHA                 SALMAN SAEED PARACHA                                -           -       -         -   523,420      -     -       523,420
         74-A PCSIR SOCIETY PHASE I LHR       231-79-302764
150      ATIF WAHEED                          ATIF WAHEED                                         -           -       -         -   660,978      -     -       660,978
         D-47 BLOCK 5 FB AREA KHI             42101-0145180-5
151      SYD ALI IMRAN                        SYED ALI IMRAN                                      -           -       -         -   612,557      -     -       612,557
         HOUSE F-148/3, MARTIN                359-91-412526
         QTR TEEN HATTI KHI
152      M TALHA TARIQ KHAN                   M TALHA TARIQ KHAN                                  -           -       -         -   611,773      -     -       611,773
         94/3 10TH LANE KHAYABAN E SEHAR      274-61-313293
         PHASE VI DHA KHI
153      DAWOOD NASIR PAUL                    DAWOOD NASIR PAUL                                   -           -       -         -   574,676      -     -       574,676
         15/1-B KHAYABAN E SHUJAT             551-74-605085
         PHASE V, DHA KHI
154      UMAR KHAN                            UMAR KHAN                                           -           -       -         -   518,619      -     -       518,619
         HOUSE NO 58-G BLOCK 6 NEAR AMBALA 517-81-554640
         BAKERS PECHS KHI
155      SYD FARRUKH MIAN ZAIDI               SYD FARRUKH MIAN ZAIDI                              -           -       -         -   571,996      -     -       571,996
         F-46, ASKARI -4 RASHID MINHAS RD KHI 439-91-223705
156      JAVED MEHTAB                         JAVED MEHTAB                                        -           -       -         -   517,869      -     -       517,869
         23-C LANE NO12 KHYABAN E ITTEHAD     217-90-231309
         DHA PHASE 2 COMMERCIAL AREA KHI
157      ABDUL SAMAD SATTAR                   ABDUL SAMAD SATTAR                                  -           -       -         -   731,619      -     -       731,619
         H NO D 1 DAWOOD COLONY               513-72-040166
         REAL T V STATION KHI
158      AMJAD MEHMOOD                        AMJAD MEHMOOD                                       -           -       -         -   530,844      -     -       530,844
         8 PARK VIEW BLOCK 9 CLIFTON KHI      213-60-051532
159      NOREEN DURRANI                       NOREEN DURRANI                                      -           -       -         -   522,806      -     -       522,806
         2/1 KHAYABAN E BEHRIA                502-85-146924
         PHASE V DHA KHI
160      FAHEEM AHMED ZIA                     FAHEEM AHMED ZIA                                    -           -       -         -   665,541      -     -       665,541
         168/1 CP AND BERAR SOCIETY           517-78-308090
         BLK 7/8 KHI
161      YASMEEN GHAGAS                       YASMEEN GHAGAS                                      -           -       -         -   633,841      -     -       633,841
         B 123 BL I NORTH NAZIAMABAD KHI      501-60-629227
162      M ASLAM                              M ASLAM                                             -           -       -         -   711,080      -     -       711,080
         C-40,BLOCK D NORTH NAZIMABAD KHI     502-56-518526


                                                                                                                                           www.standardchartered.com.pk   118
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                             Outstanding Liabilities at       Amount Written off / Concession
                             HOLDING                                                                          beginning of the year
          S. No.    Name & Address of the borrowers    Name of Individuals/      Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                                       Partners/Directors.
                                                       (NIC No./Passport)


          163      IRFANA MEHMOOD                              IRFANA MEHMOOD                                   -       -        -        -   715,526      -      -      715,526
                   B-157 BLOCK L N.NAZIMABAD KHI               502-64-898313
          164      KHAWAJA SHUJAAT HUSSAIN                     KHAWAJA SHUJAAT HUSSAIN                          -       -        -        -   737,594      -      -      737,594
                   BUNGLOW NO C-7, RUFI SPRING FIELD           517-63-510546
                   ABUL HASSAN ISPHANI RD KHI
          165      M NAEEM BASIL                               M NAEEM BASIL                                    -       -        -        -   513,246      -      -      513,246
                   390 BLOCK KARIM BLOCK                       272-72-154798
                   ALLLAMA IQBAL TOWN LHR
          166      MURTAZA HUSSAIN                             MURTAZA HUSSAIN                                  -       -        -        -   737,149      -      -      737,149
                   148-A/4, FALAH RD ST NO 15,                 508-62-046412
                   BEHAR COLONY KHI
          167      HAJI ATTA MOHAMMAD                          HAJI ATTA MOHAMMAD                               -       -        -        -   718,696      -      -      718,696
                   BUNGLOW NO 19 GULISTAN E DASTAGIR           452-86-164905
                   HALA NAKA SOCIETY HYD
          168      GHULAM NABI                                 GHULAM NABI                                      -       -        -        -   517,819      -      -      517,819
                   B-7 JASON COASTAL VIEW                      517-70-366683
                   BLOCK 3 CLIFTON KHI
          169      JUNAID AFZAL                                JUNAID AFZAL                                     -       -        -        -   520,656      -      -      520,656
                   HOUSE NO 73, TULSA RD,                      210-78-526727
                   SHERZAMAN COLONY RWP
          170      NOOR ULLAH                                  NOOR ULLAH                                       -       -        -        -   504,756      -      -      504,756
                   BANGLOW NO 3 EXTENSION GULSHAN E            403-93-198180
                   BAKHTAWAR PHASE II QASIMABAD HYD
          171      MUHAMMAD ASHFAQ                             MUHAMMAD ASHFAQ                           766,281        -        - 766,281    766,281      -      -      766,281
                   NEAR MASJID CHAH AAJRIAN                    300-71-530255
                   MUHALLAH MUBARIK PURA SIALKOT
          172      FAQIR MOHAMMAD                              FAQIR MOHAMMAD                            569,221        -        - 569,221    569,221      -      -      569,221
                   HOUSE NO-C-222 STREET-10                    522-88-017096
                   BLOCK GADAP TOWN
                   YOUSAF KHAN SAHAB GOTH KHI
          173      HASSAN ALI AGHA                             HASSAN ALI AGHA                           518,507        -        - 518,507    518,507      -      -      518,507
                   AGHA HOUSE LEHTARAR                         101-94-616147
                   ROAD SATRA MEEL DAK KHANA
                   JHANG SYEDAN ISL
          174      SYED EJAZ ABBAS GILANI                      SYED EJAZ ABBAS GILANI                    506,030        -        - 506,030    506,030      -      -      506,030
                   HOUSE NO 786 MOHALLAH                       101-81-366093
                   SAYYADAN KOT HATHYAL
                   DAKHANA BARA KAHU ISD
          175      HASEEN KHAN URF PAPPU                       HASEEN KHAN URF PAPPU                            -       -        -        -   561,985      -      -      561,985
                   9-B1 BLK NO 14 COLLEGE                      274-61-143714
                   RD TOWNSHIP LHR
          176      M NAEEM                                     M NAEEM                                          -       -        -        -   743,678      -      -      743,678
                   HOUSE NO 125 B BLOCK DHA LHR                333-65-177860
          177      MIAN M ASLAM                                MIAN M ASLAM                                     -       -        -        -   520,089      -      -      520,089
                   HOUSE NO 37,KAUSAR COLONY                   232-54-422072
                   NEAR Q-BLOCK MODEL TOWN LHR
          178      M SAMI BUTT                                 M SAMI BUTT                                      -       -        -        -   620,475      -      -      620,475
                   7/12 MAIN BAZAR ARAM NAGAR                  275-93-376163
                   KHOKHAR RD BADAMI BAGH LHR
          179      M NOMAN BUTT                                M NOMAN BUTT                              510,279        -        - 510,279    510,279      -      -      510,279
                   MAIN HIGH COURT ROAD, NEAR GULRAZE
                   GATE 2, CHAKLALA SCHEME III RWP.
          180      FAYAZ AHMED                                 FAYAZ AHMED                               670,405        -        - 670,405    670,405      -      -      670,405
                   H-687-B, NEELAM BLOCK                       35202-3067509-7
                   ALLAMA IQBAL TOWN LHR,
          181      SYED ALI MAZHAR NAQVI                       SYED ALI MAZHAR NAQVI                            -       -        -        -   575,205      -      -      575,205
                   HOUSE -22/23, RAVI PARK                     35202-2824917-1
                   QILA LACHMAN SINGH LHR


119   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                    Outstanding Liabilities at       Amount Written off / Concession
                   HOLDING                                                                           beginning of the year
S. No.    Name & Address of the borrowers        Name of Individuals/   Father/Husband's Name   Principal Interest Other Total       Principal Interest Other     Total
                                                 Partners/Directors.
                                                 (NIC No./Passport)


182      MUBEEN AHMED                        MUBEEN AHMED                                       811,541    -         -   811,541     811,541       -    -       811,541
         211/1-U, DHA LHR CANTT.             270-66-574444
183      NADEEM AFZAL                        NADEEM AFZAL                                       587,389    -         -   587,389     587,389       -    -       587,389
         H- G5, MOHALLA STAFF COLONY,        -
         CIVIL HOSPITAL, DAKKHANA ZILA
         KUTCHERY, GRW.
184      SHAHID NAWAB SAROYA                 SHAHID NAWAB SAROYA                                -          -         -           -   561,062       -    -       561,062
         HOUSE NO 58, STREET NO 34,          -
         I10/2 ISLAMABAD
185      ZEESHAN AHMED                       ZEESHAN AHMED                                      635,969    -         -   635,969     635,969       -    -       635,969
         H W- NE 1417 ST - 1 NATIONAL TOWN   -
         CHAKLALA RD RAWALPANDI
186      MALIK MUNIR AHMED SHAMI             MALIK MUNIR AHMED SHAMI                            556,307    -         -   556,307     556,307       -    -       556,307
         HOUSE NO 1450-1451/ED, JATTAN       246-54-007590
         WALA CHOWK, GM ABAD FAISALABAD
187      ARSALAN REHMAN                      ARSALAN REHMAN                                     518,183    -         -   518,183     518,183       -    -       518,183
         H-NA-301, SATELLITE TOWN.           13301-1259756-5
         7TH ROAD RAWALPINDI.,
188      SHAHID AHMED                        SHAHID AHMED                                       530,945    -         -   530,945     530,945       -    -       530,945
         PLOT NO.29, 1ST FLOOR , CIVIC       451-65-006123
         CENTRE NEAR MEHRAN HEIGHTS,
         UNIT NO.06 LATIFABAD, HYD
189      EHTISHAM UL HAQ                     EHTISHAM UL HAQ                                    5,613,936 -          - 5,613,936     5,613,936     -    -   5,613,936
         B-202, ASHIANA II BLOCK-17,         477-89-002284
         GULSHAN-E-IQBAL KHI
190      SYED SABIR HUSSAIN SHAH             SYED SABIR HUSSAIN SHAH                            566,957    -         -   566,957     566,957       -    -       566,957
         HOUSE -20-A ST -2 FWD               61101-2081549-7
         HOUSING SCHEME ISD
191      PAKISTAN INTERNATIONAL AIR LINES    PAKISTAN INTERNATIONAL AIR LINES                   1,036,489 -          - 1,036,489     1,036,489     -    -   1,036,489
         PIA KARACHI                         -
192      ABDUS SALAM                         ABDUS SALAM                                        526,573    -         -   526,573     526,573       -    -       526,573
         H.NO 210/ 8 ST 01 KAMALABAD         37405-7767226-1
         RAWAL TOWN RWP
193      RAHEEL KHAN DURRANI                 RAHEEL KHAN DURRANI                                525,689    -         -   525,689     525,689       -    -       525,689
         HOUSE-99 ST-1 MISSCAL ROAD          35202-2934175-7
         CHAMANABAD RAWALPINDI
194      ADNAN SETHI                         ADNAN SETHI                                        660,442    -         -   660,442     660,442       -    -       660,442
         234-B BLOCK JOHAR TOWN              61101-6764560-5
         LAHORE (LOWER PORTION).
195      GHULAM MUSTAFA                      GHULAM MUSTAFA                                     -          -         -           -   557,561       -    -       557,561
         H-210, AADRA SCHEME RAWALPINDI      37405-2235770-3
196      MOHAMMAD IMRAN AWAN                 MOHAMMAD IMRAN AWAN                                1,260,559 -          - 1,260,559     1,260,559     -    -   1,260,559
         HOUSE # 983,STREET # 55,SECTOR #    214-74-359808
         G-11/2, ISLAMABAD
197      MUHAMMAD YOUSAF                     MUHAMMAD YOUSAF                                    690,294    -         -   690,294     690,294       -    -       690,294
         232-A NAZIMABAD, FAISALABAD         24562148003
198      MUHAMMAD NASIR                      MUHAMMAD NASIR                                     4,493,501 -          - 4,493,501     4,493,501     -    -   4,493,501
         HOUSE C-38 SHEIKH COLONY            24586197821
         FAISALABAD
199      MUHAMMAD ISHTIAQ                    MUHAMMAD ISHTIAQ                                   589,728    66,018    -   655,747     589,728       -    -       589,728
         H NO 15-C/3GULBERG-3LAHORE          27063147558
200      MUHAMMAD ZAFAR KHAN                 MUHAMMAD ZAFAR KHAN                                879,934    99,596    -   979,531     879,934       -    -       879,934
         668 RAZA BLOCKALLAMA IQBAL          32259483044
         TOWNLAHORE
201      M ANWER                             M ANWER                                            599,966    67,902    -   667,867     599,966       -    -       599,966
         C 38 CUTCHI MEMON SOCIETY BLOCK     51765372358
         4 SCHEME 7 BAHADURA




                                                                                                                                               www.standardchartered.com.pk   120
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                           Outstanding Liabilities at        Amount Written off / Concession
                            HOLDING                                                                         beginning of the year
          S. No.   Name & Address of the borrowers      Name of Individuals/   Father/Husband's Name   Principal   Interest Other   Total    Principal Interest Other   Total
                                                        Partners/Directors.
                                                        (NIC No./Passport)


          202      SHARAFAT HUSSAIN                     SHARAFAT HUSSAIN                               526,336     59,708   -                 528,086
                                                                                                                                        586,043           -     -   528,086
                   A 9 BAHYANI IMEGE PARADISE           4210115353575
                   BLOCK K NORTH NAZIMABAD KHI
          203      KHAWAJA QAMAR                        KHAWAJA QAMAR                                  499,084     56,310   -                 500,834
                                                                                                                                        555,394           -     -   500,834
                   451-W BLOCKPHASE III                 3520174523591
                   DEFENCE HOUSING AUTHORITY CANTT
          204      ASAD RASHID                          ASAD RASHID                                    500,040     44,448   -                 500,040
                                                                                                                                        544,488           -     -   500,040
                   147/E/1DHA LAHORE CANTT LAHORE       3520015554315
          205      ABDUL HAMEED                         ABDUL HAMEED                                   577,003     50,606   -                 577,003
                                                                                                                                        627,609           -     -   577,003
                   APARTMENT NO 12 HUMA                 3520221932461
                   BLOCK NO.10 MAIN BOULEVARDALLAM
          206      KANWAR GOHAR MASOOD ALI              KANWAR GOHAR MASOOD ALI KANWAR MASOOD ALI      499,578     20,090   -                 501,328
                                                                                                                                        519,668           -     -   501,328
                   A-406, BLOCK 1 NORTH NAZIMABAD       4510251660389
          207      ATIF AMIN                            ATIF AMIN                                      501,622     45,201   -                 501,622
                                                                                                                                        546,823           -     -   501,622
                   272 EE ST NO 6 DHA LAHORE            3310057238239
          208      MUHAMMAD ASHFAQ                      MUHAMMAD ASHFAQ                                499,886     23,903   -                 501,636
                                                                                                                                        523,789           -     -   501,636
                   H NO 36 Y BLOCK ST-A PEOLES          3410119376315
                   COLONY GUJRANWALA
          209      MUJAHID ALI BUTT                     MUJAHID ALI BUTT                               775,690     49,761   -                 775,690
                                                                                                                                        825,451           -     -   775,690
                   H-5, STREET-35 OFF                   27354062288
                   KHAYABAN-E-MUHAFIZDHA-VI KARACHI
          210      ZAHID IQBAL                          ZAHID IQBAL                                    601,425     35,149   -                 601,425
                                                                                                                                        636,574           -     -   601,425
                   HOUSE NO 12/ A GULZAR-E-QUAID        21162209605
                   CHAKLALARAWALPINDI
          211      RAHEEL SHAUQAT                       RAHEEL SHAUQAT                                 599,517     40,118   -                 601,467
                                                                                                                                        639,635           -     -   601,467
                   24 BLOCK K MODEL TOWN LAHORE         27088008985
          212      JAWED                                JAWED                                          499,518     22,538   -                 501,268
                                                                                                                                        522,055           -     -   501,268
                   APPTS A 7 GALAXY SKY LINE            41363100977
                   DHA PHASE 5 EXT KARACHI
          213      ARSHAD AHMED KHAN                    ARSHAD AHMED KHAN                              801,474     72,141   -                 803,224
                                                                                                                                        873,615           -     -   803,224
                   87-X MODEL TOWN LAHORE               3520299108309
          214      ABBAS IBRAHIM                        ABBAS IBRAHIM                                  501,623     45,110   -                 503,373
                                                                                                                                        546,733           -     -   503,373
                   FLAT 501 SAIFEE BLDG                 4230109513343
                   PLOT 12 SR 06 SH E LIAQUAT KARACHI
          215      ALI MURTAZA SHAH                     ALI MURTAZA SHAH                               499,876     23,099   -                 501,626
                                                                                                                                        522,974           -     -   501,626
                   H NO C-85,PHASE II                   4520487904599
                   QASIMABAD HYDERABAD
          216      IMRAN SHUJA                          IMRAN SHUJA                                    749,720     12,906   -                 751,470
                                                                                                                                        762,627           -     -   751,470
                   MAZALINE 116-C ZAMZAMA               51772342307
                   COMMERCIAL LANE 6 PHASE V DH
          217      AFTAB A QURESHI                      AFTAB A QURESHI                                799,835     17,473   -                 799,835
                                                                                                                                        817,308           -     -   799,835
                   1202-B BON VISTI BLOCK 2             4230109383725
                   CLIFTON KARACHI
          218      M AMIN TAJ                           M AMIN TAJ                                     561,490     37,479   -                 563,440
                                                                                                                                        598,968           -     -   563,440
                   23/2 16TH STREETOFF KHY E TANZEEM 50263027490
                   D H A PHASE-V KARACHI
          219      ZAIN UL ISLAM                        ZAIN UL ISLAM                                  499,670     10,115   -                 501,420
                                                                                                                                        509,785           -     -   501,420
                   275 NAZIMUDDIN ROAD F/10/1 ISL       21055181906
          220      RIZWAN MALIK                         RIZWAN MALIK                                   999,915     22,103   -   1,022,018 999,915         -     -   999,915
                   H NO 185 BLOCK HH DHA LAHORE         26587068668
          221      M UBAID UR REHMAN                    M UBAID UR REHMAN                              501,339     10,959   -                 501,339
                                                                                                                                        512,298           -     -   501,339
                   226-LDA SHAH JAMAL COLONY            3530119802167
                   LHR NEAR FATIMA NISAR GIRLS
          222      ASLAM ALI MOHAMMAD                   ASLAM ALI MOHAMMAD                             899,861     15,120   -                 899,861
                                                                                                                                        914,981           -     -   899,861
                   HOUSE NO C-74/75 DHORAJI COLONY      51756069777
                   STADIUM ROAD RANGOON
          223      MAHFOOZ HUSSAIN                      MAHFOOZ HUSSAIN                                432,746     -        -                 500,800
                                                                                                                                        432,746           -     -   500,800
                   B-19 K D A OVER SEAS                 4220148924673
                   BANGLOWS BLOCK 16-A GULISTAN E

121   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                  Outstanding Liabilities at        Amount Written off / Concession
                   HOLDING                                                                         beginning of the year
S. No.    Name & Address of the borrowers     Name of Individuals/    Father/Husband's Name   Principal   Interest Other   Total    Principal Interest Other    Total
                                              Partners/Directors.
                                              (NIC No./Passport)


224      SHAMSHAD SANAULLAH                   SHAMSHAD SANAULLAH                              670,709     -         -               647,032
                                                                                                                               670,709         -     -         647,032
         43-E SANAULLAH ROAD                  21156211569
         SATELLITE TOWNRAWALPINDI
225      NASAR AHMED                          NASAR AHMED                                     538,868     -         -               551,618
                                                                                                                               538,868         -     -         551,618
                                              2706326636
226      BUSHRA SABIR                         BUSHRA SABIR               MUHAMMAD SABIR       73,496      -         -                501,731
                                                                                                                                   73,496      -     -         501,731
         8-A MODEL COLONY Q-BLOCK             3520226164394
         MODEL TOWN
227      MIRZA ABBAS HASAN                    MIRZA ABBAS HASAN                               529,918     23,593    -               531,668
                                                                                                                               553,511         -     -         531,668
         116/1 12TH STREET KHAYABAN E RAHAT   4230108787065
         PHASE-6 D.H.A KARACHI
228      SYED M SHOQAIB                       SYED M SHOQAIB                                  496,553     -         -               501,725
                                                                                                                               496,553         -     -         501,725
         H NO 54 ST 12 NEW SUPER              3520158905391
         TOWN BOULVARD DEFNECE LAHORE
229      CHAUDHRY SARFRAZ AHMED               CHAUDHRY SARFRAZ AHMED     MOLA DAD             496,376     -         -               501,680
                                                                                                                               496,376         -     -         501,680
         H NO 14 D ST NO 7 ALI LANE           3410139246821
         OFFICERS COLONY CAVALRY G
230      ABDUL QAYUM JANJUA                   ABDUL QAYUM JANJUA                              538,977     -         -               516,196
                                                                                                                               538,977         -     -         516,196
         H.NO.334 ST.NO.6 MOHALLAH            21259109966
         WARIS KHANRAWALPINDI
231      S M AFZAL                            S M AFZAL                                       601,749     40,291    -               601,749
                                                                                                                               642,040         -     -         601,749
         A 380 SECTOR 14-B SHADMAN            4210118950745
         TOWN NORTH KARACHI, KARACHI
232      SYED ASHIQ RAZA                      SYED ASHIQ RAZA                                 884,818     -         -               886,768
                                                                                                                               884,818         -     -         886,768
         28 10TH KHAYABAN E SHAMSHEER         50252234819
         PHASE V DHA KARACHI
233      SAMI AHMED                           SAMI AHMED                                      584,250     13,218    -               576,014
                                                                                                                               597,468         -     -         576,014
         A-33 BLOCK 4                         4220109717311
         GULSHAN-E-IQBAL KARACHI
234      ZAHID SULTAN                         ZAHID SULTAN                                    499,835     11,094    -               501,728
                                                                                                                               510,928         -     -         501,728
         H NO.31 ST NO.2 MOHALLA              3520208273477
         GALAH MAZANG LAHORE
235      MUHAMMAD NAWAZ SHAKIR                MUHAMMAD NAWAZ SHAKIR      DAWOOD               497,646     12,639    -               501,561
                                                                                                                               510,286         -     -         501,561
         H NO 16, STREET NO 10                3460369994483
         BLOCK 4-D, NAZIMABAD KARACHI
236      ADNAN JAVAID ALI                     ADNAN JAVAID ALI                                530,861     5,925     -               579,652
                                                                                                                               536,786         -     -         579,652
         ABID LODGE B 2NAVAL                  51462168133
         HOUSING SCHEME ZAMZAMA KARACHI
237      NASAR AHMED                          NASAR AHMED                                     482,898     -         -               519,983
                                                                                                                               482,898         -     -         519,983
                                              6110119225807
238      SHIRAJ KABANI                        SHIRAJ KABANI                                   979,857     25,158    -   1,005,015 981,607      -     -         981,607
         B/34 PEARL HEVEN                     4230110956793
         BLOCK 5 CLIFTON KARACHI
239      ARSHAD ALI SHEIKH                    ARSHAD ALI SHEIKH                               497,478     -         -               553,803
                                                                                                                               497,478         -     -         553,803
         HOUSE NO 2 ST NO 12                  3310013016437
         MUHAMMAD ABAD SATIANA ROAD FAISA
240      KHIZAR AYUB BUTT                     KHIZAR AYUB BUTT                                499,150     -         -               579,938
                                                                                                                               499,150         -     -         579,938
         H NO 23BILAL ST NO 12                3520223489451
         AHMAD PARKMOHNI ROADLAHORE
241      MUHAMMAD FAWAD                       MUHAMMAD FAWAD                                  498,556     -         -               569,042
                                                                                                                               498,556         -     -         569,042
         H NO 256ST NO 90SECTOR               4230193017273
         I-8/4ISLAMABAD
242      SHAHID RAFIQ                         SHAHID RAFIQ                                    458,956     -         -               534,299
                                                                                                                               458,956         -     -         534,299
         B 89 BAB E ARIFSECTOR 15 B           4210115442459
         NORTH KARACHI, KARACHI
243      RAO NASIR                            RAO NASIR                                       594,123     -         -               694,886
                                                                                                                               594,123         -     -         694,886
         841/Z PHASE III DHALAHORE            27066585302




                                                                                                                                           www.standardchartered.com.pk   122
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                                Outstanding Liabilities at         Amount Written off / Concession
                                                                                                                 beginning of the year
                             HOLDING
          S. No.    Name & Address of the borrowers   Name of Individuals/       Father/Husband's Name      Principal   Interest Other    Total    Principal Interest Other     Total
                                                      Partners/Directors.
                                                      (NIC No./Passport)


          244      HAMAYUN MIRZA                      HAMAYUN MIRZA                                          482,224    -         -      482,224    576,314     -     -            576,314
                   L-22-8-A/1 ST 7 CAVALRY            27049563553
                   GROUND CANTT LAHORE
          245      ALI QASIM                          ALI QASIM                                              449,924    -         -      449,924    512,970     -     -            512,970
                   E-22-8-A/1 ST NO 7                 3520161244213
                   CAVALRY GROUND CANTT LAHORE
          246      M NAEEM KHAN                       M NAEEM KHAN                                           474,383    7,848     -      482,231    552,822     -     -            552,822
                   H NO 22-A NEW SHALIMAR             3520125004637
                   HOUSING SCHEME SALAMAT PURAL
          247      FAISAL KHAN                        FAISAL KHAN                AFZAL AHMAD KHAN            421,027    -         -      421,027    512,068     -     -            512,068
                   H NO 36 L BLOCK DHA CANTT          3520177228463
          248      IMRAN                              IMRAN                                                  599,823    -         -      599,823    601,573     -     -            601,573
                   E1 PAK KOSOR TOWN MALIR KARACHI    51970239659
          249      SYED MUNIR HUSSAIN RIZVI HNO 229   SYED MUNIR HUSSAIN RIZVI   SYED GHAFOOR HUSSAIN RIZVI (257)       -         -                  501,681
                                                                                                                                                   (257)        -     -            501,681
                   NASHEMAN IQBAL WAPDA TOWN          3410125524317
          250      MOHAMMAD HASHIM KHAN               MOHAMMAD HASHIM KHAN       AMEER MOHAMMAD              490,892    12,742    -      503,634    573,289     -     -            573,289
                   H NO 429, NAI ABADI MEMONABAD      4240136409539
                   SAEEDABAD, BALDIA TOWN
          251      AHMED BUX                          AHMED BUX                                              372,761    -         -      372,761    524,905     -     -            524,905
                   F 11 CRYSTAL HILL APPTS FEROZ NANA 41651138808
                   ROAD BATH ISLAND KHI
          252      KHAWAJA M FAROOQ                   KHAWAJA M FAROOQ                                       499,197    4,021     -      503,217    501,754     -     -            501,754
                   278 SHAMASABAD COLONY              3630204137299
                   P OCHAH USMANI WALAMULTAN
          253      JUNAID LOHDI                       JUNAID LOHDI                                           599,827    -         -      599,827    696,348     -     -            696,348
                   29-A-II MODEL TOWN LAHORE          3520251084093
          254      S ZILE HASNAIN                     S ZILE HASNAIN                                         503,205    10,820    -      514,025    584,879     -     -            584,879
                   H NO 17ST # 36G-6/2 ISLAMABAD      6110119144251
          255      MUHAMMAD KABEER                    MUHAMMAD KABEER            DAWOOD                      473,709    -         -      473,709    567,501     -     -            567,501
                   H NO 16, STREET NO 10BLOCK 4-D,    3410187735137
                   NAZIMABAD KARACHI
          256      NASIR SAEED SHEIKH                 NASIR SAEED SHEIKH                                     477,517    -         -      477,517    557,772     -     -            557,772
                   FLAT NO A/904 PLOT NO 23/C         4230162818649
                   12TH COMMERCIAL STREETWE
          257      FAISAL USMAN                       FAISAL USMAN               DAWOOD                      498,917    12,809    -      511,727    569,553     -     -            569,553
                   H NO 16, STREET NO 10 BLOCK 4-D,   3310034200579
                   NAZIMABAD KARACHI
          258      SHEIKH MUHD ASIF                   SHEIKH MUHD ASIF                                       489,716    -         -      489,716    570,350     -     -            570,350
                   H NO A-13 SEC III KHAYABAN         3740505984183
                   SIR SYED RAWALPINDI
          259      KHWAJA AHMED                       KHWAJA AHMED                                           999,823    -         -      999,823    1,157,360   -     -       1,157,360
                   109 MIRA KHAN ROAD LAHORE          27791034023
          260      QAMAR KHALID RASOOL                QAMAR KHALID RASOOL                                    845,486    -         -      845,486    1,155,021   -     -       1,155,021
                   HOUSE 60 STREET 2 OFFICERS         3520115278596
                   COLONYCAVALRY GROUND LAHO
          261      MALIK TAHIR SULEMAN                MALIK TAHIR SULEMAN                                    610,702    12,544    -      623,245    728,936     -     -            728,936
                   H-799 ST-29 SECTOR G-10/2 ISLAMABAD 21368108319
          262      KHURRAM MALIK                      KHURRAM MALIK                                          437,342    -         -      437,342    510,522     -     -            510,522
                   48/1 KHAYBAN -E- SEHAR             51469168739
                   PHASE VIDHAKARACHI
          263      SHAHID IQBAL                       SHAHID IQBAL                                           476,831    -         -      476,831    608,413     -     -            608,413
                   HOUSE NO 61/J DEFENCE              3520109211927
                   HOUSING AUTHORITY LAHORE
          264      S TAHZEEB UL JAFRI                 S TAHZEEB UL JAFRI                                     503,181    10,868    -      514,049    584,874     -     -            584,874
                   H NO 17ST # 36G-6/2 ISLAMABAD      6110119118085
          265      MOHSIN TANVEER                     MOHSIN TANVEER                                         499,560    22,478    -      522,038    567,118     -     -            567,118
                   H # 610ST # 2 NEAR AMIR MARKET     3740503552581
                   AFSHAN COLONY RAWALPINDI


123   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                   Outstanding Liabilities at       Amount Written off / Concession
                                                                                                    beginning of the year
                  HOLDING
S. No.   Name & Address of the borrowers   Name of Individuals/      Father/Husband's Name     Principal   Interest Other    Total Principal Interest Other     Total
                                           Partners/Directors.
                                           (NIC No./Passport)


266      ZAFAR SHEIKH                      ZAFAR SHEIKH              HAJI KARIM BAKSH SHEIKH   223,901      5,806     -     229,707 568,860       -    -           568,860
         H. NO 7/4BLOCK 4/G                4210120476189
         NAZIMABAD NO 4
267      SYED SABIR HUSSAIN                SYED SABIR HUSSAIN                                  499,844      -         -     499,844 570,819       -    -           570,819
         A-17, BLOCK 13/D,                 4220159758719
         GULSHAN E IQBAL KARACHI
268      ABDUL WAHID                       ABDUL WAHID                                         495,741      -         -     495,741 554,636       -    -           554,636
         H.NO.6 MOHALLA SHALKOOT           5440035974861
         KILLI UMER RD
269      HASSAN AHMED                      HASSAN AHMED                                        495,616      -         -     495,616 553,706       -    -           553,706
         FLAT A-101 DANYAL PRITE           4120114786223
         PLOT SA 6 ST 42 SEC 11-I N
270      AFSHAN NAZNEEN HAQ                AFSHAN NAZNEEN HAQ                                  478,689      -         -     478,689 518,834       -    -           518,834
         124 T DHA                         4220122562978
271      FARHAN UL HASSAN                  FARHAN UL HASSAN                                    490,071      -         -     490,071 529,149       -    -           529,149
         SS-17-D, SUNSET LANE 4,           4220121639383
         PHASE II, EXT. DHA
272      FARRUKH AHMAD                     FARRUKH AHMAD                                       467,210      -         -     467,210 521,122       -    -           521,122
         H.NO. A-774, BLOCK H,             4220105595633
         NORTH NAIZMABAD
273      BABAR HUSSAIN                     BABAR HUSSAIN                                       485,826      -         -     485,826 544,967       -    -           544,967
         P-45 , STREET # 6, SUHERI TOWN    3310059853403
         SITIANA ROAD
274      MIAN NISAR AHMED                  MIAN NISAR AHMED                                    941,140      -         -     941,140 1,047,783     -    -      1,047,783
         79-D-1, JOHAR TOWN                3520292572793
275      ATHAR SHEIKH                      ATHAR SHEIKH                                        491,393      -         -     491,393 551,362       -    -           551,362
         FLAT 5 NIZAMIA SQUARE             4210152442513
         NORTH NAZIMABAD BL A
276      MOHAMMAD FAISAL QURESHI           MOHAMMAD FAISAL QURESHI                             467,210      -         -     467,210 518,898       -    -           518,898
         AASHRAM BLDG. PLOT LR-6/20,       4230114882803
         KAKA STREET, NISHTER R
277      REHAN AHMED                       REHAN AHMED                                         661,802      -         -     661,802 738,643       -    -           738,643
         FLAT 408, SHAMIM RESIDENCY        4210174082801
         F.B.AREA, BLOCK 9
278      REHAM ALI                         REHAM ALI                                           480,876      -         -     480,876 522,240       -    -           522,240
         H NO. 11 ST NO. 2 GULBERG         3520194174811
         TOWN PAF CHKLALA RD
279      MUHAMMAD MUJAHID JAVED            MUHAMMAD MUJAHID JAVED                              495,741      -         -     495,741 551,283       -    -           551,283
         FLAT # 2 FLOOR 1ST ABDUL          4240120057887
         AHMED BLDG PLOT # 927 MAS
280      ATEEQ MAHMOOD MUSTAFA             ATEEQ MAHMOOD MUSTAFA                               677,995      -         -     677,995 738,643       -    -           738,643
         B-411 BL 13 F,B, AREA             4210162412081
281      MUBASHAR ALI                      MUBASHAR ALI                                        495,741      -         -     495,741 555,737       -    -           555,737
         CHAK# 203 RB MALIK PUR            3310075286763
         H# P-383 ALI HUSSAIN CHOWK
282      FAHIM LATIF MAHAR                 FAHIM LATIF MAHAR                                   491,393      -         -     491,393 544,815       -    -           544,815
         A-16/200 ABDULLAH TOWN            4310266195961
         MAIN WADHU W AH ROAD QASI
283      NAZEER AHMED CHAUDHRY             NAZEER AHMED CHAUDHRY                               653,463      -         -     653,463 716,353       -    -           716,353
         F-10, JOHAR TOWN                  3520228948127
284      RAJA UMER RAIS                    RAJA UMER RAIS                                      460,253      -         -     460,253 513,077       -    -           513,077
         FLAT C-7 BUKHSHI                  4210162227135
         SQUARE F.B.AREA BL 7
285      SHOUKAT ALI                       SHOUKAT ALI                                         913,665      -         -     913,665 1,019,124     -    -      1,019,124
         C-110 AJMIR PRIDE BLOCK 12        4250116114253
         GULISTAN E JOHAR NEAR J
286      REHMATULLAH JALAL ACHKZAI         REHMATULLAH JALAL ACHKZAI                           495,742      -         -     495,742 554,738       -    -           554,738
         ROOM# 26, BILAL PLAZA,            5440034573937
         NULLQUARRY RROAD,
                                                                                                                                              www.standardchartered.com.pk   124
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                        Outstanding Liabilities at       Amount Written off / Concession
                            HOLDING                                                                      beginning of the year
          S. No.   Name & Address of the borrowers   Name of Individuals/    Father/Husband's Name   Principal Interest Other Total      Principal Interest Other   Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          287      ABRAR AHMED JAFFAR                ABRAR AHMED JAFFAR                              482,424     -       -     482,424    540,262     -   -          540,262
                   H# 7-26/4 SUBEDAR FAIZ            5440007196237
                   MUHAMMAD STR EET ALAMDAR R
          288      ZIAUDDIN                          ZIAUDDIN                                        491,393     -       -     491,393    551,071     -   -          551,071
                   FLAT# F-10 JOHAR HEIGHTS          5430320324475
                   BLOCK 7 GULISTAN E JOHAR
          289      MUHAMMAD ADIL                     MUHAMMAD ADIL                                   474,571     -       -     474,571    523,551     -   -          523,551
                   FLAT # 103, 2-B 10, KHADIJA       4200003746797
                   APARTMENT COMMERCIA
          290      FAIZ ULLAH                        FAIZ ULLAH                                      460,948     -       -     460,948    513,960     -   -          513,960
                   H3 2071-A PIB COLONY              5420398630051
                   NEAR FAIZAN E MADINA
          291      ALI MUHAMMAD                      ALI MUHAMMAD                                    973,910     -       -     973,910   1,088,590    -   -     1,088,590
                   H# A 8 SHIREEN JINNAH             4230169305509
                   COLONY CLIFTON NEAR CLIF
          292      MOHAMMAD YOUSUF                   MOHAMMAD YOUSUF                                 495,742     -       -     495,742    552,388     -   -          552,388
                   FLAT# 7,3RD FLOOR,                4420557626947
                   FARRUKH HEIGHTS ALAMGIR ROAD,NU
          293      MOHAMMAD JAN                      MOHAMMAD JAN                                    495,741     -       -     495,741    551,237     -   -          551,237
                   H.NO.2071 A 1ST FLOOR P I B COLONY 5420211001469
          294      MAJID ALI KHAN                    MAJID ALI KHAN                                  941,140     -       -     941,140   1,047,407    -   -     1,047,407
                   FL D 301 SAIMA CLASSIC            4220120190811
                   RASHID MINHAS ROAD GULS
          295      IMTIAZ AHMAD BHATTI               IMTIAZ AHMAD BHATTI                             468,258     -       -     468,258    511,334     -   -          511,334
                   H.NO.221, ST.NO.94, G-9/4         6110171353175
          296      SHAHZAD                           SHAHZAD                                         486,955     -       -     486,955    546,015     -   -          546,015
                   P 336 67 ST 1 SAMAN ABAD          3310068027629
                   NEAR BARAF WALA CHOWK
          297      MUHAMMAD SALEEM                   MUHAMMAD SALEEM                                 486,955     -       -     486,955    536,159     -   -          536,159
                   NOUSHAHI STREET, KHOKHAR TOWN     3460393575023
                   DEFENCE ROAD NEAR MU
          298      MOHAMMAD SHAHID                   MOHAMMAD SHAHID                                 473,078     -       -     473,078    519,905     -   -          519,905
                   H.NO.2, STREET 36, AMRIT BAZAR,   3520226203329
                   RAILWAY ROAD, NEAR
          299      MUHAMMAD SALEEM IQBAL             MUHAMMAD SALEEM IQBAL                           486,955     -       -     486,955    540,444     -   -          540,444
                   A 529 BLOCK 5 GULSHAN-E-IQBAL     3520222068487
                   NEAR SIR SYED UNIVER
          300      AKBAR ALI                         AKBAR ALI                                       963,862     -       -     963,862   1,073,392    -   -     1,073,392
                   FL # 6 3RD FLOOR 56 C 13          4230148132515
                   COMMERCIAL STREET DHA PHA
          301      MUHAMMAD IMRAN AHMAD              MUHAMMAD IMRAN AHMAD                            490,785     -       -     490,785    550,276     -   -          550,276
                   H # P-84, ST # 7 GOBIND           3310076464939
                   PURANULLNULL
          302      AIJAZ UDDIN QURESHI               AIJAZ UDDIN QURESHI                             477,929     -       -     477,929    521,458     -   -          521,458
                   148-A NEW TAJ PURTA SCHEME LDA    3520113056521
                   NEAR BUTT CHOWK
          303      HAFEEZ UR REHMAN                  HAFEEZ UR REHMAN                                482,551     -       -     482,551    540,100     -   -          540,100
                   H# 731, ST# 9,NULL                3310069651207
                   MOHALLAH MUHAMMAD ABAD,
          304      MOHAMMAD KASHIF                   MOHAMMAD KASHIF                                 472,345     -       -     472,345    527,469     -   -          527,469
                   FLAT B-18 6TH FLOOR ALIS          4230167769031
                   APPT PARSI COLONY SLODIER
          305      MUHAMMAD IRFAN SADIQ              MUHAMMAD IRFAN SADIQ                            490,785     -       -     490,785    549,986     -   -          549,986
                   H# 57-Z-A MADINA TOWN NEAR        3310010061889
                   QABRASTAN PO MADINA TO
          306      KHALIL AHMED                      KHALIL AHMED                                    460,948     -       -     460,948    514,896     -   -          514,896
                   71-GD MARGHZAR HOUSING            3520194558317
                   SOCIETY MULTAN ROAD


125   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                Outstanding Liabilities at        Amount Written off / Concession
                  HOLDING                                                                        beginning of the year
S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal   Interest Other    Total   Principal Interest Other    Total
                                           Partners/Directors.
                                           (NIC No./Passport)


307      MUHAMMAD ASHFAQ HAIDER            MUHAMMAD ASHFAQ HAIDER                           481,931        -      -      481,931 537,467       -      -      537,467
         H# Z-561-A ST# 71 DHOCK           3740580820041
         RATTA NEAR AL JANNAT BAKER
308      GUL AHMED KHAN                    GUL AHMED KHAN                                   482,424        -      -      482,424 540,737       -      -      540,737
         SAMANDAR KHAN HOUSE UPPER         3520276013835
         VITCH ROAD DARA SHAH DIN
309      FAHIM AHMED                       FAHIM AHMED                                      486,959        -      -      486,959 545,747       -      -      545,747
         B-172-A, ROSHAN BAGH SOCIETY,     4220181823021
         NULLBLOCK 19, F B AREA
310      ANIL DILEEP                       ANIL DILEEP                                      657,805        -      -      657,805 733,096       -      -      733,096
         H.NO.49, HAJI YOUSUF SQR.         4200062440579
         NEAR IQBAL MKT. SOLDIER
311      ABDULLAH RAUF                     ABDULLAH RAUF                                    459,954        -      -      459,954 501,523       -      -      501,523
         H# 647 GHOSIA STREET NO           6110119531133
         TARIQ ABAD LALKURTI
312      MOOSA M. BHAI HIRANI              MOOSA M. BHAI HIRANI                             490,072        -      -      490,072 541,060       -      -      541,060
         FLAT NO B - 103, 2ND FLOOR,       4210113207061
         MADINA BUILDING,NULLBL
313      ANWAR UL HAQ                      ANWAR UL HAQ                                     467,125        -      -      467,125 519,138       -      -      519,138
         ANWAR MALOOK COTTAGE              5440044711355
         RAISANI STREET BREWERY ROAD
314      HABIB UR REHMAN                   HABIB UR REHMAN                                  474,571        -      -      474,571 522,521       -      -      522,521
         PLT.NO. 5 KHAWAJA STREET          3520241593543
         ANGARA TEX TILE MILL SHAH
315      MOHAMMAD YOUSAF                   MOHAMMAD YOUSAF                                  491,396        -      -      491,396 546,132       -      -      546,132
         HOUSE # 5, GALI # 4 MOHALLAH      3520239737835
         CHATTA PARKNULLSHADAR
316      MUHAMMAD ARSHAD                   MUHAMMAD ARSHAD                                  454,075        -      -      454,075 507,383       -      -      507,383
         H# 18 ST# 2 MUHALLAH FAROQIA      3520201860473
         COLONY MULTAN ROAD
317      GULL HASSAN KHAN                  GULL HASSAN KHAN                                 477,799        -      -      477,799 534,676       -      -      534,676
         SAMANDAR KHAN HOUSE UPPER         1730137529991
         VIEW RD , DERA SHAH DIN
318      YASIR AFTAB MIRZA                 YASIR AFTAB MIRZA                                477,799        -      -      477,799 530,660       -      -      530,660
         E 493/ 1 A NEW IQBAL PARK         3520165375733
         NEAR EDEN COLLEGE GARTE
319      MUHAMMAD SHAHID                   MUHAMMAD SHAHID                                  482,424        -      -      482,424 535,759       -      -      535,759
         HOUSE NO R-1302 ,                 4210137893179
         BLOCK - 15 DASTAGIR F.B AREA
320      ASIM RAZA                         ASIM RAZA                                        485,981        -      -      485,981 540,153       -      -      540,153
         H.NO.60 ST 15-C JAN               3520226386121
         MOHAMMAD MORA SHRIF BUND RD
321      BASHARAT MASOOD AWAN              BASHARAT MASOOD AWAN                             477,799        -      -      477,799 536,003       -      -      536,003
         H # 46 , ST # 4 , BLOCK-A         3520114906635
         AL FAISAL TOWN ZARA SHAH
322      MUHAMMAD AKRAM                    MUHAMMAD AKRAM                                   472,776        -      -      472,776 525,104       -      -      525,104
         H # 6/7 PEER SEHRA RD             3460323289629
         MODEL TOWN NEAR BILAL MOSQUE
323      NAVEED ANJUM                      NAVEED ANJUM                                     482,424        -      -      482,424 516,177       -      -      516,177
         H# 81 SECTOR D BHATAI COLONY      3230313425017
         KORANG I CROSSING
324      MOHAMMAD TAHIR AMEER              MOHAMMAD TAHIR AMEER                             482,424        -      -      482,424 523,809       -      -      523,809
         477 H3 JOHAR TOWN                 3130341949259
225      MUHAMMAD JAVED NOOR               MUHAMMAD JAVED NOOR                              491,634        -      -      491,634 553,995       -      -      553,995
         H.NO. 2 / 933, SHAH FAISAL        4220107014645
         COLONY,NULL.
326      ALI ABBAS                         ALI ABBAS                                        495,862        -      -      495,862 554,079       -      -      554,079
         A-473, BLOCK K-15 GULISTAN E JOHAR 4220148213461
         NULLNULL
                                                                                                                                        www.standardchartered.com.pk   126
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                              Outstanding Liabilities at        Amount Written off / Concession
                            HOLDING                                                                            beginning of the year
          S. No.   Name & Address of the borrowers      Name of Individuals/      Father/Husband's Name   Principal   Interest Other    Total   Principal Interest Other     Total
                                                        Partners/Directors.
                                                        (NIC No./Passport)


          327      MUHAMMAD ASLAM                           MUHAMMAD ASLAM                                495,742        -      -      495,742 545,671         -   -            545,671
                   H NO 2, X-BLOCK, SAIFULLAH SHAHEED       3310022617605
                   ROAD,NULLMADINA
          328      MUHAMMAD AMIR                            MUHAMMAD AMIR                                 477,929        -      -      477,929 506,434         -   -            506,434
                   10/1 ST# 6 PHASE 5 ZAMZAMA DHA           4230167414897
          329      SAIF UR REHMAN                           SAIF UR REHMAN                                599,801        -      -      599,801 642,759         -   -            642,759
                   FLAT NO. 1, AL JANAT PLAZA,              6110119433349
                   G-8 MARKAZ
          330      IRFAN SIKANDAR KHAN                      IRFAN SIKANDAR KHAN                           491,634        -      -      491,634 553,132         -   -            553,132
                   NULLNULLNULL                             3520290658339
          331      SIRAJ ROY                                SIRAJ ROY                                     473,078        -      -      473,078 529,027         -   -            529,027
                   FLAT# 4 GROUND FLOOR SHADMAN             4200048264607
                   HOMES BLOCK 8 KEHKASH
          332      AMIR JIBRAN QAZI                         AMIR JIBRAN QAZI                              669,979        -      -      669,979 699,928         -   -            699,928
                   H.NO.225, HAMZA BLOCK,                   3520203663205
                   ALLAMA IQBAL TOWN
          333      ZAHID SHAHZAD KHAN                       ZAHID SHAHZAD KHAN                            468,258        -      -      468,258 511,022         -   -            511,022
                   H.NO. L-264, ST.NO.15, DDP               3740506455461
                   MAIN HOUSE QASIM ABAD
          334      ASIF SHAHZAD `                           ASIF SHAHZAD `                                494,166        -      -      494,166 531,950         -   -            531,950
                   NULLNULLNULL                             3520236958243
          335      ADNAN ZAFAR CHEEMA                       ADNAN ZAFAR CHEEMA                            495,862        -      -      495,862 546,736         -                     -546,736
                   HOUSE NO 519-A, STREET NO 03             3460316408461
                   WEST RIDGE -III WARD
          336      MOHAMMAD ISHTIAQ                         MOHAMMAD ISHTIAQ                              -              -      -               544,615    -   -   -            544,615
                   67-B-1-M -M ALAM ROAD                    3520230396639
                   GULBERG IIINULLNULL
          337      MUHAMMAD SOBAN                           MUHAMMAD SOBAN                                473,078        -      -      473,078 519,637         -   -            519,637
                   H# 34 A USMAN STREET KHYABAN             3310092745103
                   COLONY # 1 NEAR WAQAS
          338      MUHAMMAD SADDIQUE                        MUHAMMAD SADDIQUE                             973,917        -      -      973,917 1,056,146       -   -       1,056,146
                   MANSORABAD HOUSE NO 2844                 3310073358041
                   NULLSTREET NO 6, MOHALA RO
          339      SHAHID AHMED                             SHAHID AHMED                                  471,069        -      -      471,069 516,619         -   -            516,619
                   STREET # 02 MUGHAL STREET                3520176367425
                   HOLE ROAD RASHEED PURANU
          340      NADEEM AHMAD                             NADEEM AHMAD                                  481,931        -      -      481,931 509,544         -   -            509,544
                   FLAT# 1 FLOOR 1 MUHALLAH                 4230123982637
                   FACE 1 DHA ALI LUXURY APP
          341      MUHAMMAD ASLAM HAFEEZ                    MUHAMMAD ASLAM HAFEEZ                         477,219        -      -      477,219 524,499         -   -            524,499
                   877B Q BLOCK, MODEL TOWN                 3520142186353
                   NULLNULL
          342      ZAFAR ALI RANA                           ZAFAR ALI RANA                                653,463        -      -      653,463 693,996         -   -            693,996
                   D-25, SHERATON BRITH,                    4210170691229
                   SECTOR 5-I NORTH KARACHI
          343      MUHAMMAD AZAM                            MUHAMMAD AZAM                                 477,219        -      -      477,219 525,152         -   -            525,152
                   H# 62, ST # 05, SHALIMAR                 3520116988071
                   LARAX-SCHEME,NULLMUGHAL P
          344      AMAN KHAN                                AMAN KHAN                                     590,221        -      -      590,221 635,802         -   -            635,802
                   H # K-536 , K,AREA KORANGI NO 5          4220155971623
          345      MOHAMMAD IMRAN                           MOHAMMAD IMRAN                                485,253        -      -      485,253 522,832         -   -            522,832
                   67-B-I, MM ALAM ROAD,NULLGULBERG-III,    3520282687377
          346      ZIA UR REHMAN                            ZIA UR REHMAN                                 482,424        -      -      482,424 517,400         -   -            517,400
                   H# P 1134 STREET 14 NEAR                 3310418700439
                   REHMANIA MASJID MANSOOR A
          347      TASKEEN AKHTAR                           TASKEEN AKHTAR                                484,491        -      -      484,491 515,944         -   -            515,944
                   F9, RAILWAY HOUSING SOCIETY,             5440051874787
                   NULLNULL


127   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                               Outstanding Liabilities at       Amount Written off / Concession
                  HOLDING                                                                       beginning of the year
S. No.   Name & Address of the borrowers    Name of Individuals/   Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other    Total
                                            Partners/Directors.
                                            (NIC No./Passport)


348      MOHAMMED USMAN                     MOHAMMED USMAN                     348         -             -      -               558,751   - -      -       558,751
         H # N-3186, BLOCK # 1,             4240123466409
         GROUND FLOOR, METROVELL-III
349      MUHAMMAD ASIF                      MUHAMMAD ASIF                      349         -             -      -               557,561   - -      -       557,561
         OFFICE # 15 2ND FLOOR              4120403865975
         AL AMNA PLAZA NULL OPPOSITE CA
350      AMIR RAZA                          AMIR RAZA                          350         -             -      -               562,991   - -      -       562,991
         HOUSE # A-105 STREET # 8 ABBAS     4220165712719
         TOWN ABUL HASSAN IS
351      LIAQAT ALI SHEIKH                  LIAQAT ALI SHEIKH                  351         477,799       -      -       477,799 524,788      -     -       524,788
         H # Z-B 1037 SECTOR # 3            6110154599137
         KHAYABAN-E- SIR SYED NEAR
352      SIBGHATULLAH KHAN                  SIBGHATULLAH KHAN                  352         487,092       -      -       487,092 541,055      -     -       541,055
         H # 427, SECTOR # 11-E,            4240117511493
         ORANGI TOWN, NULLAL-E-HADIS
353      NAVEED AHMED                       NAVEED AHMED                       353         466,928       -      -       466,928 513,101      -     -       513,101
         PLOT # 60-C SHOP # 3 25TH          4220162960359
         COMMERCIAL STREET TOUHEE
354      SALEEM QURESHI                     SALEEM QURESHI                     354         495,156       -      -       495,156 533,618      -     -       533,618
         2D 8\11 NAZIMABAD # 02             4213124532894
         OPPSITE LAROSH RESTURANTNUL
355      ADNAN HABIB                        ADNAN HABIB                        355         495,862       -      -       495,862 549,189      -     -       549,189
         RUNGPURA ROAD CHAURY               3460379501149
         GALI HOUSE NO # 8/379 NULLMUHA
356      MOHAMMAD AHMED FAROOQI             MOHAMMAD AHMED FAROOQI             356         491,692       -      -       491,692 549,119      -     -       549,119
         HOUSE# A-100/1, 4TH COMMERCIAL     4220197482923
         STRTEET, PHASE# IV, DH
357      NOMAN AHMED                        NOMAN AHMED                        357         486,482       -      -       486,482 530,272      -     -       530,272
         SHOP # 03,LG-SAKI CENTRE - 81      3630204522857
         FEROZE PUR ROADNULLI
358      SHARAFAT ALI SHAH                  SHARAFAT ALI SHAH                  358         482,429       -      -       482,429 521,241      -     -       521,241
         PL 1774 1773 AREA F 2              4220118538951
         LABOUR COLONY 1ST FLOOR SHAH
359      SHEIKH AMIR                        SHEIKH AMIR                        359         590,221       -      -       590,221 624,196      -     -       624,196
         D-56/1, BLOCK B, N. NAZIMABAD      4230195995601
360      SHER MUHAMMAD                      SHER MUHAMMAD                      360         480,879       -      -       480,879 503,320      -     -       503,320
         520 STREET# 1 NADINA COLONY        3520125181143
         WALTON ROADNULLNULL
361      RANA MUHAMMAD SARWAR               RANA MUHAMMAD SARWAR               361         483,063       -      -       483,063 520,461      -     -       520,461
         FL 5 1ST FLOOR SALEEM              3460186239413
         COMPLEX M A J INNAHROAD
362      KHURRAM SHAHZAD                    KHURRAM SHAHZAD                    362         481,130       -      -       481,130 514,963      -     -       514,963
         H # 777 / 84 - A, ST # 18,         3310006485545
         BAZAR # 3,NULLRAZAABAD,
363      MUHAMMAD ARIF                      MUHAMMAD ARIF                      363         487,550       -      -       487,550 524,121      -     -       524,121
         FLAT # 2, BLOCK B, REHMAN PLAZA,   4230164141753
         NULL SHOE MARKET NI
364      ADNAN JAVAID                       ADNAN JAVAID                       364         473,868       -      -       473,868 515,649      -     -       515,649
         B -56 BLOCK -19                    4210175089099
         GULSHAN E ALI NULL F.B AREA
365      SYED WASEEM                        SYED WASEEM                        365         486,959       -      -       486,959 530,452      -     -       530,452
         OFFICE# 15-2ND FLOOR               4210110929569
         AL AMNA PLAZANULLNULL
366      MUHAMMAD ILYAS                     MUHAMMAD ILYAS                     366         492,604       -      -       492,604 542,918      -     -       542,918
         SHOP # 1MIAN SADAT MAND MARKET     3450278582539
         CHAMIRA MAIN BAZAR
367      ARQAM IMAM FATMI                   ARQAM IMAM FATMI                   367         495,862       -      -       495,862 544,076      -     -       544,076
         A-30, ROWQ GULSHAN KAN-EE-33       4200070241815
         FATMA,NULL BLOCK # 01,
                                                                                                                                      www.standardchartered.com.pk   128
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                          Outstanding Liabilities at         Amount Written off / Concession
                                                                                                           beginning of the year
                            HOLDING
          S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal   Interest Other    Total    Principal Interest Other   Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          368      ASAL JAN KHAN MARWAT              ASAL JAN KHAN MARWAT                             -              -      -                553,495   -   -    -   553,495
                   157/C, 8TH STREET, OLD            4250158082303
                   MUZAFARABAD, NULLLANDHI, POST
          369      UZAIR HAMEED                      UZAIR HAMEED                                     483,664        -      -      483,664   523,831       -    -   523,831
                   BUNGLOW #41, BLOCK-15 KDA         4220119309723
                   SCHEEM #36, NULLGULISTAN-
          370      SHAHZAD SHOUKAT                   SHAHZAD SHOUKAT                                  -              -      -                543,596   -   -    -   543,596
                   P-1067 BLOCK -8 IQBAL BAZAR       3630293561743
                   FACTORY NULL AREA
          371      HAFIZ MUHAMMAD SADIQUE            HAFIZ MUHAMMAD SADIQUE                           477,605        -      -      477,605   519,643       -    -   519,643
                   P-55, ST# 9,GULGUSHT COLONY,      3310037046821
                   PEOPLE COLONY# 2, NULLN
          372      AIJAZ MALIK                       AIJAZ MALIK                                      463,337        -      -      463,337   502,226       -    -   502,226
                   H.NO.127, R.D-296, STREET 2,      1730170590667
                   MAIN BAZAR YOUSAF PA
          373      ABDUL RAUF                        ABDUL RAUF                                       473,078        -      -      473,078   513,082       -    -   513,082
                   HOUSE NO C-32 BANTWA NAGAR        4210178892529
                   COOPERATIVE HOUSING SOC
          374      TAYYAB IQBAL KHAN                 TAYYAB IQBAL KHAN                                763,497        -      -      763,497   810,792       -    -   810,792
                   H# 36 D PHASE 11 SHAHBAZ TOWN     5440049827097
          375      SAJJAD AHMED                      SAJJAD AHMED                                     480,967        -      -      480,967   520,900       -    -   520,900
                   H NO 107 A MOHALLA QADRI          3520250521635
                   STREET ALLAMA IQBAL GAR
          376      MUHAMMAD SHAFI                    MUHAMMAD SHAFI                                   482,424        -      -      482,424   519,637       -    -   519,637
                   150 D PEOPLES COLONY 1            3310014899055
          377      MUHAMMAD AHSAN BASHIR             MUHAMMAD AHSAN BASHIR                            482,424        -      -      482,424   513,502       -    -   513,502
                   H # 391/A GHULAM MUHAMMAD         3310051512245
                   ABAD KASHMIR ROAD
          378      SAJJAD AHMED                      SAJJAD AHMED                                     486,959        -      -      486,959   519,622       -    -   519,622
                   H# 6, GALI # 11, NULL SECTOR C,   4230107920485
                   AKHTER COLONY
          379      MUHAMMAD SHAKEEL                  MUHAMMAD SHAKEEL                                 490,687        -      -      490,687   502,283       -    -   502,283
                   H NO # P-214 REHMAN STREET        3520170148767
                   NEW GARDEN TOWNNULLNULL
          380      FARRUKH ELAHI                     FARRUKH ELAHI                                    482,429        -      -      482,429   519,553       -    -   519,553
                   HOUSE# 270-A, AREA PIB            4220179337619
                   COLONY, NULLNULL
          381      ARSHAD IQBAL MEMON                ARSHAD IQBAL MEMON                               482,429        -      -      482,429   514,523       -    -   514,523
                   FLAT # 403, SHAMA PLAZA           4230161557101
                   4TH FLOOR, BLOCK B-2 NULLG-
          382      JALEES UR REHMAN KHAN             JALEES UR REHMAN KHAN                            482,429        -      -      482,429   519,648       -    -   519,648
                   B 74 BLOCK 10 F B AREA            4210116573555
          383      NOOR AHMED                        NOOR AHMED                                       495,862        -      -      495,862   538,316       -    -   538,316
                   PLOT # R-124-25, SECTOR # 02,     4240110956841
                   NULL NORTH KARACHI,
          384      SAIF ULLAH                        SAIF ULLAH                                       487,551        -      -      487,551   515,074       -    -   515,074
                   ST NO-7, TARIQ ABAD,NULLP-53,     3330374696339
          385      MUHAMMAD BAQAR UDDIN              MUHAMMAD BAQAR UDDIN                             -              -      -                536,232   -   -    -   536,232
                   HOUSE # 68, KORANGI # 4,          4220153124301
                   SEC-35/C, KORANGI,NULLNEA
          386      MOHAMMED NAWAZ AWAN               MOHAMMED NAWAZ AWAN                              486,959        -      -      486,959   524,777       -    -   524,777
                   NULLNULLNULL                      4250140954631
          387      ASAD NOMAN KHAN                   ASAD NOMAN KHAN                                  491,396        -      -      491,396   526,185       -    -   526,185
                   NULLNULLNULL                      4230110511945
          388      MUHAMMAD SALEEM                   MUHAMMAD SALEEM                                  -              -      -                549,133   -   -    -   549,133
                   SHOP # 09 ST # 40 MAIN BAZAR      3520230504863
                   CHOWKNULLNILI BAR ISL




129   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                  Outstanding Liabilities at     Amount Written off / Concession
                                                                                                   beginning of the year
                  HOLDING
S. No.   Name & Address of the borrowers   Name of Individuals/       Father/Husband's Name   Principal   Interest Other   Total Principal Interest Other    Total
                                           Partners/Directors.
                                           (NIC No./Passport)


389      ABDUL RASHEED                     ABDUL RASHEED                                      470,077        -      -   470,077 501,388          -    -     501,388
         NEAR JINNAH TOWN, KILLI BARAT     5440011864331
         SUMUGLI ROAD,NULLNUL
390      ABDUL RASHEED                     ABDUL RASHEED                                      473,078        -      -   473,078 506,296          -    -     506,296
         PLOT # 207 SHARFABAD SOCIETY      4230153802439
         BIHAR MUSLIM SOCIETY
391      SHAHZAD AZIZ                      SHAHZAD AZIZ                                       491,396        -      -   491,396 523,556          -    -     523,556
         SHOPE # R-2 BLOCK A-2             4220145596379
         NEW WHOL SALER FROOT MARKET
392      HASHIM HUSSAIN                    HASHIM HUSSAIN                                     -              -      -            544,387     -   -    -     544,387
         PLOT # 21-C, BABE MUZAMMIL        4210110882865
         2ND FLOOR, ST # 37,NULL
393      MOHAMMAD ALTAF                    MOHAMMAD ALTAF                                     482,429        -      -   482,429 513,100          -    -     513,100
         IST FLOOR , KASTURI BUILDING      4230142516719
         GODRA GALI, NAGAR CIN
394      ABDUL MOIZ SIDDIQUI               ABDUL MOIZ SIDDIQUI                                486,959        -      -   486,959 519,311          -    -     519,311
         HOUSE# R-606 R-SECTOR# 9          4210184141659
         NORTH KARACHINULLNEAREST
395      MOHAMMAD SHAFIQ                   MOHAMMAD SHAFIQ                                    491,396        -      -   491,396 525,219          -    -     525,219
         H # 822 ST # 4 SEC 1-A/3          4210148983981
         KHAWAJA AJMAIR COLONY NULL
396      MUHAMMAD IMRAN KHAN               MUHAMMAD IMRAN KHAN                                491,396        -      -   491,396 522,532          -    -     522,532
         PLOT# G-2,OPPOSITE GATE# 5,       4240151076283
         NEW CROWN AUTOS,NULLNE
397      SHAHID ALI KHAN                   SHAHID ALI KHAN                                    491,396        -      -   491,396 525,086          -    -     525,086
         H # 28 BLOCK 25 / 3, JUTT LINE    4200004324281
         GULSHANE ZAHOOR,NUL
398      ZAKIR UR REHMAN                   ZAKIR UR REHMAN                                    -              -      -            534,105     -   -    -     534,105
         HOUSE NO 2052, BLOCK-6,           1330199574979
         SCHEME-40, QASBA METROVILL
399      ABID ALI                          ABID ALI                                           482,429        -      -   482,429 513,868          -    -     513,868
         B-32, 3RD FLOOR GULSHAN N         4210193062473
         ALINULL PHASE I, F B AREA
400      SHEIKH TAHIR AYUB                 SHEIKH TAHIR AYUB                                  477,799        -      -   477,799 509,669          -    -     509,669
         H# G-890 STREET CHOHTA            3520223647767
         QAZI ALLAH DAT DEHLI GATE
401      ASIF ALI HAQQANI                  ASIF ALI HAQQANI                                   482,429        -      -   482,429 507,730          -    -     507,730
         HOUSE# 294, SEC# E-3 B,           4220148333443
         BITTAI COLONY ,NULL KORANGI C
402      ZEESHAN ALI                       ZEESHAN ALI                                        482,089        -      -   482,089 502,453          -    -     502,453
         HOUSE # 140 BLOCK - M NULL        3520188562567
         SABZAZAR SXHEME, MULTAN RO
403      MIRZA MUHAMMAD IQBAL ANWAR        MIRZA MUHAMMAD IQBAL ANWAR                         -              -      -            538,899     -   -    -     538,899
         H # 1,ST # 2 PUNCH PEIR ROAD,     3520225608603
         NEW MAZANG,NULLNULL
404      TAJ MUHAMMAD                      TAJ MUHAMMAD                                       482,424        -      -   482,424 500,884          -    -     500,884
         H # 1055 DILDAR CHOWK BL-D        3310217801599
         GHULAM MUHAMMAD ABAD
405      JAHANGIR ILYAS                    JAHANGIR ILYAS                                     495,862        -      -   495,862 528,033          -    -     528,033
         SHOP NO 1 SHOW MARKET             4230157999725
         DAKKHANA WALI GALI NISHTER R
406      SYED ABBAS HUSSAIN NAQVI          SYED ABBAS HUSSAIN NAQVI                           495,862        -      -   495,862 527,218          -    -     527,218
         HOUSE NO 492 BLOCK L              4220141105715
         NORTH NAZIMABADNULLNULL
407      JAMSHED MEHMOOD MIRZA             JAMSHED MEHMOOD MIRZA                              -              -      -            561,721     -   -    -     561,721
         FLAT # A-202, 2ND FLOOR           3520230823297
         ABBAS RESIDENCY BLOCK 12 NU




                                                                                                                                           www.standardchartered.com.pk   130
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                        Outstanding Liabilities at      Amount Written off / Concession
                                                                                                         beginning of the year
                            HOLDING
          S. No.   Name & Address of the borrowers    Name of Individuals/   Father/Husband's Name   Principal Interest Other Total     Principal Interest Other     Total
                                                      Partners/Directors.
                                                      (NIC No./Passport)


          408      GHULAM HUSSAIN                     GHULAM HUSSAIN                                 482,424   -      -       482,424   508,085      -     -       508,085
                   H# 583 ROAD 4TH STREET             4240111840227
                   MADNI COLONY
          409      ASGHAR ALI                         ASGHAR ALI                                     485,827   -      -       485,827   509,055      -     -       509,055
                   SHOP # 2 HAMMAD COLONY             3640170381703
                   KASHMIR ROAD NULLNEW SHADBAG
          410      NADEEM UL ISLAM                    NADEEM UL ISLAM                                491,396   -      -       491,396   519,396      -     -       519,396
                   24, SHAH FAREED PARK,              3520268328601
                   NEAR CALTEX PETROL PUMP, SCHE
          411      CH. ABAID UR REHMAN                CH. ABAID UR REHMAN                            685,854   -      -       685,854   709,875      -     -       709,875
                   H.NO. 129-C, PEOPLES' COLONY       3310053216589
          412      WAHEED UL REHMAN                   WAHEED UL REHMAN                               482,429   -      -       482,429   502,064      -     -       502,064
                   H # 1151-D,ST / M,RANGEELA CHOWK, 3310008118767
                   GHULAM MUHAMMAD
          413      JAHANZEB BASHIR                    JAHANZEB BASHIR                                491,634   -      -       491,634   522,772      -     -       522,772
                   SHOP# M-23 , 1ST FLOOR             4210119217663
                   MUNIR SHOPPERS PARADISE BLO
          414      JAVED AHMED KHAN                   JAVED AHMED KHAN                               495,862   -      -       495,862   528,388      -     -       528,388
                   FLAT NO. C - 42 SB - 1,            4210184698809
                   GULSHAN-E-AMIN PLAZA, BLOC
          415      TAHIR MASOOD                       TAHIR MASOOD                                   482,085   -      -       482,085   515,204      -     -       515,204
                   ZAREEN BOUTIQUE NEAR               3730168783229
                   HASSAN BAKERI CIVIL LINES JHEL
          416      TARIQ AFZAL                        TARIQ AFZAL                                    477,600   -      -       477,600   526,215      -     -       526,215
                   TARIQ & BROTHERS 66-               3520234075413
                   MEHBOOB ROAD
                   MISRI SHAH NEARPU
          417      MUHAMMAD RASHEED                   MUHAMMAD RASHEED                               490,784   -      -       490,784   530,938      -     -       530,938
                   H NO 13 ST NO 13 NADIR STPURANI    3520238585911
                   ABADI BHABRAFEROZE
          418      RANA M. UMER SHARIF                RANA M. UMER SHARIF                            490,784   -      -       490,784   519,722      -     -       519,722
                   P-216 STREET NO 3 SARFRAZ          3310008917167
                   COLONY FAISALABAD 871691
          419      MR SARDAR M ZAFAR                  MR SARDAR M ZAFAR                              422,977   81,243 11,683 515,903    515,903      -     -       515,903
                   THE RESOURCE INTL PVT LTD,         3520268339765
                   REGAL CENMA BLDG THE MALL LHR.
                   7325034/ 92003293 LAHORE
          420      MR MUHAMMED NAFEES                 MR MUHAMMED NAFEES                             505,804   52,948 13,420 572,172    584,391      -     -       584,391
                   EMIRATES ENT / CC1 1ST FLR COMM    51776522275
                   1 DEFENCE VIEW PH 1 KORANGI
                   ROAD KARACHI
          421      MR SHARAFAT HUSSAIN                MR SHARAFAT HUSSAIN                            459,336   49,210 6,978   515,523   522,918      -     -       522,918
                   GUCHI MENS WEAR, SHOP G-11         50286125390
                   MATEEN PLAZA, TARIQ ROAD KARACHI
          422      MR HAMMAD HABIB                    MR HAMMAD HABIB                                444,679   48,915 3,990   497,583   524,603      -     -       524,603
                   HOUSE NO. R - 107, BLOCK - 21,     42101-1932494-9
                   GULSHAN AMIN, F B AREA, KARACHI
          423      MR SHAUKAT A FANCY                 MR SHAUKAT A FANCY                             498,360   45,946 24,859 569,166    549,108      -     -       549,108
                   COMMUNICATIONS, 2/A,               51440007497
                   PLOT G22 BL-9,KHY-E-JAMI,
                   CLIFTON SCHEME NO 5,KARACHI
          424      MR MUHAMMAD IDREES                 MR MUHAMMAD IDREES                             517,050   25,291 4,168   546,509   598,309      -     -       598,309
                   NATIONAL TYRE CENTRE CC1           4230110656073
                   1STFLR DEFENCE VIEW
                   KORANGI RD KARACHI
          425      M FAROOQ QURESHI                   M FAROOQ QURESHI                               502,571   29,843 2,698   535,112   580,333      -     -       580,333
                   155 MIR HASSAN ROAD MODEL          30092089515
                   TOWN SIALKOT. 551520 SIALKOT


131   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                Outstanding Liabilities at           Amount Written off / Concession
                                                                                                 beginning of the year
                  HOLDING
S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal       Interest Other   Total   Principal Interest Other       Total
                                           Partners/Directors.
                                           (NIC No./Passport)


426      MRS ASMA MANSOOR                  MRS ASMA MANSOOR                                 441,242     61,927 9,933     513,103     515,315    -         -           515,315
         B-2/IV, MAYMAR VIEW BLOCK-17,     50287638837
         GULSHAN-E-IQBAL KARACHI.
         4984011 KARACHI
427      NADEEM SHAH                       NADEEM SHAH                                      479,844     38,022 2,563     520,428     498,028     73,013 6,563         577,604
         U & I PRODUCTIONS H NO 16/1/1     4230110518049
         GR FLOOR 21ST ST KH E TOHEED
         PH 5 DHA KARACHI
428      EJAZ HAQUE                        EJAZ HAQUE                                       477,174     13,195 1,250     491,619     423,082     79,171 7,875         510,128
         57 T GULBERG 2 LAHORE. LAHORE     27053149867
429      MR ABDUL R KHAN                   MR ABDUL R KHAN                                  401,943     33,770 16,550 452,263        484,105     12,251 5,325         501,681
         NEW MILLION CENTER ARAMBAGH       4210170482393
         SHARAH-E- LIAQAT KARACHI
430      MR KHAWAJA M FAROOQ               MR KHAWAJA M FAROOQ      KH M ABDUL WADOOD       184,502     -        226,487 410,989     485,319     51,191       21,982 558,492
         COTPAK INTERNATIONAL COMPANY      3630204137299
         CHOWK GHUNGI# 08 L-M-Q
         ROAD MULTAN                                                                        167,023     4,875    663     172,561     493,917     59,147 7,813         560,876
431      MR ASHRAF CHAUDRY                 MR ASHRAF CHAUDRY
         BELOS CLOTHING PVT LTD            30193597503
         WAZIRABAD ROAD PACCA
         GARAH SIALKOT SIALKOT
432      MR ABDUL S MEMON                  MR ABDUL S MEMON         ABDUL GHAFFAR MEMON     426,164     11,807 1,250     439,221     444,638     71,343 7,875         523,856
         FLAT-B/8 4TH FLOOR PRINCE HOMES   4220196521867
         PLOT# 166/2 SILVER STREET BRITO
         ROAD GARDEN EAST KARACHI
433      MR KHWAJA AHMED BAKHSH            MR KHWAJA AHMED BAKHSH                           949,928     26,948 95        976,971     1,027,350 164,993 8,255 1,200,598
         109-F MIRA KHAN ROAD SAINT        3520115095891
         JOHNS PARK LAHORE CANTT LAHORE
434      SYED RAZA KAZIM                   SYED RAZA KAZIM                                  524,730     -        -       524,730     591,471    -         -           591,471
         H NO 2 1ST FLOORG.D.              21261069190
         ARCADE FAZAL-UL HAQ ROAD
         BLUE AREA ISLAMABAD
435      SHEIKH MUHAMMAD AZAM              SHEIKH MUHAMMAD AZAM                             567,674     -        -       567,674     653,890    -         -           653,890
         171 BADAMI BAGH LAHORE            27270586595
436      SHAHID LATIF                      SHAHID LATIF                                     491,434     -        -       491,434     584,788    -         -           584,788
         162-G LIBERTY PLAZA LIBERTY       27373151597
         MARKET LAHORE
437      SHAHID ALTAF MALIK                SHAHID ALTAF MALIK                               475,974     -        -       475,974     531,658    -         -           531,658
         SHOP NO 51ST FLOOR THE MALL       3740124620535
         PLAZA, SADDAR, GPORAWALPINDI
438      TARIQ MEHMOOD CHAUDHRY            TARIQ MEHMOOD CHAUDHRY                           721,506     -        -       721,506     769,200    -         -           769,200
         OFFICE NO 51ST FLOOR RESHAM       21488182311
         PLAZA CHANDNI CHOWK RAWALPINDI
439      SYED HAIDER ALI SHAH              SYED HAIDER ALI SHAH                             515,849     -        -       515,849     595,146    -         -           595,146
         RAIES MARKET SHAHAB PURA ROAD     30073558972
440      AHMED RASHEED                     AHMED RASHEED                                    511,538     -        -       511,538     576,770    -         -           576,770
         SHOP NO 8 BULAND MARKAZ BLUE      24552093563
         AREA OPP. UNION BANK ISLAMABAD
441      MUHAMMAD AZEEM KAMRAN             MUHAMMAD AZEEM KAMRAN                            752,994     -        -       752,994     748,199    -         -           748,199
         8 KASHMIR COMMERCIAL COMPLEX      70779405075
         BLOCK 1032 E FAZAL E HAQ BLUE
         AREA ISLAMABAD
442      MUHAMMAD KAMRAN SHARIF            MUHAMMAD KAMRAN SHARIF                           526,213     -        -       526,213     623,904    -         -           623,904
         SUIT NO 301/302, 3RD FLOOR        51775432867
         REHMANI CHEMBER ALTAF HUSSAIN
         ROAD NEW CHALLI
443      IMRAN SHUJA                       IMRAN SHUJA                                      737,083     -        -       737,083     641,538    -         -           641,538
         M 1 16-C ZAMZAMA COMM LANE        51772342307
         6D H A PHASE VKARACHI
                                                                                                                                               www.standardchartered.com.pk     132
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                                Outstanding Liabilities at          Amount Written off / Concession
                                                                                                                 beginning of the year
                            HOLDING
          S. No.   Name & Address of the borrowers     Name of Individuals/       Father/Husband's Name   Principal    Interest Other       Total   Principal Interest Other     Total
                                                       Partners/Directors.
                                                       (NIC No./Passport)


          444      MIAN AYAZ ANWAR                     MIAN AYAZ ANWAR                                    483,694         -      -    483,694       540,451   -       -        540,451
                   ZAITOON GROUP 107/6 SAINT           27089443347
                   JOHNS PARK LAHORE
          445      MUHAMMAD HASSAN SAEED               MUHAMMAD HASSAN SAEED                              533,600         -      -    533,600       602,860   -       -        602,860
                   SHOP NO 20 P ST NO 2                24487617493
                   KARKHANA BAZARYARN MKT
          456      GUL HASSAN KHAN                     GUL HASSAN KHAN                                    581,280         -      -    581,280       626,808   -       -        626,808
                   9-F, 1ST FLOOR, RAJA CENTRE         27680460969
                   MAIN BOULEWARD GULBERG II
          447      SYED HAMID ABBAS GARDEZI            SYED HAMID ABBAS GARDEZI                           548,651         -      -    548,651       561,466   -       -        561,466
                   HOUSE NO 105/17TH STREET
                   OFF KHY-E- RAHAT PHASE VI           32256326019
                   DEFENCE KARACHI
          448      UMER AZIZ                           UMER AZIZ                                          582,106         -      -    582,106       649,917   -       -        649,917
                   84BRIDGE COLONYLAHORE               27778433090
          449      MIAN M. ASLAM FARAZ                 MIAN M. ASLAM FARAZ                                682,130         -      -    682,130       572,901   -       -        572,901
                   MIAN STREET90 MATEEN AVENUE         27862082183
                   PARKNR BUTT CHOWKCOLLEGE
                   ROAD TOWNSHIPLAHORE
          450      GHULAM SARWAR                       GHULAM SARWAR                                      492,230         -      -    492,230       531,392   -       -        531,392
                   SU 224 LANE NO 12 ARMY HOUSING      27092349938
                   COMPLEX GULBERG III LAHORE
          451      ZEESHAN MIR BAZ                     ZEESHAN MIR BAZ                                    502,391         -      -    502,391       585,503   -       -        585,503
                   H NO 1-15-AA KHUDA BAKASH           23181281536
                   HOUSING SOCIETY CANTT LAHORE
          452      NASIR YOUSUF                        NASIR YOUSUF                                       462,940         -      -    462,940       511,416   -       -        511,416
                   HOUSE NO 33,OVERSEAS                51175095064
                   CORPORATIVE HOUSING SOCIETY
                   MAIN AMIR KHUSRO ROAD, BLOCK 7/8,
                   NEAR ABN AMRO BANK HILL PARK
          453      NISAR AHMED KHAN                    NISAR AHMED KHAN                                   (0)             -      -    (0)           652,729   -       -        652,729
                   HOUSE 453-C STREET 4 ALLAHABAD      21174363266
                   WESTERIDGE IIIRAWALPINDI
          454      FAYYAZ AHMAD                        FAYYAZ AHMAD                                       410,413         -      -    410,413       575,887   -       -        575,887
                   H NO 265, UMER BLOCK                7493324394
                   ALLAM IQBAL TOWN
          455      SHEIKH TAHIR HAMEED                 SHEIKH TAHIR HAMEED                                534,647         -      -    534,647       560,804   -       -        560,804
                   ABBOT ROADSIALKOT                   30074017886
          456      MUHAMMAD ASIF ALI                   MUHAMMAD ASIF ALI                                  493,197         -      -    493,197       533,769   -       -        533,769
                   FAMIA TRAVEL & TOUROFFICE NO 3,     21276111763
                   1ST FLOOR, WAQAR CENTRE,
                   CANNING ROAD SADDAR,
          457      USMAN LIAQAT                        USMAN LIAQAT                                       675,320         -      -    675,320       554,551   -       -        554,551
                   SHOP NO 10/1 NEELA GUMBAD LAHORE 27677431301
          458      TANVEER NEMAT                       TANVEER NEMAT                                      459,187         -      -    459,187       551,787   -       -        551,787
                   83-A NAZAMABAD FAISALABAD           24585005375
          459      KHWAJA AHMED BAKHSH                 KHWAJA AHMED BAKHSH                                494,183         -      -    494,183       592,881   -       -        592,881
                   109 MIRA KHAN ROADSAINT             27791034023
                   JOHN'S PARK LAHORE CANTT LAHORE
          460      M. BULAND IQBAL KHAN                M. BULAND IQBAL KHAN                               528,291         -      -    528,291       595,503   -       -        595,503
                   A - 117 BLOCK - L NEAR CROWN        50190049102
                   BAKERY NORTH NAZIMABAD KARACHI
          461      SHOAIB MAHMOOD                      SHOAIB MAHMOOD                                     514,072         -      -    514,072       598,102   -       -        598,102
                   63/BNEW MUSLIM TOWN LAHORE          27162147060
          462      SULTAN MAHMOOD                      SULTAN MAHMOOD                                     255,793         -      -    255,793       664,165   -       -        664,165
                   H NO C-49 BLOCK VI F.B AREA KARACHI 50188165027
          463      MIAN ASAD MUNIR                     MIAN ASAD MUNIR                                    558,238         -      -    558,238       589,210   -       -        589,210
                   128-B MODEL TOWN LAHORE             27167008223


133   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                               Outstanding Liabilities at         Amount Written off / Concession
                                                                                                beginning of the year
                  HOLDING
S. No.   Name & Address of the borrowers   Name of Individuals/    Father/Husband's Name   Principal   Interest Other    Total    Principal Interest Other     Total
                                           Partners/Directors.
                                           (NIC No./Passport)


464      GULZAR ALI                        GULZAR ALI                                      513,503       -       -      513,503   538,623      -      -      538,623
         SAIJ PAL DAK KHANA                27781450841
         BHUTTA KOKARH DHA ROAD LAHORE
465      MALIK MUHAMMAD ARSHAD             MALIK MUHAMMAD ARSHAD                           464,128       -       -      464,128   527,156      -      -      527,156
         NIHAL CHAND ST CHOWK              30061131558
         ALLAMA IQBAL SIALKOT
466      MUHAMMAD ASHFAQ                   MUHAMMAD ASHFAQ                                 509,376       -       -      509,376   550,838      -      -      550,838
         H NO.36 COMMERCIAL STREET A-Y     28568475768
         BLOCK NEAR TAKKO BELL HOTEL
         NEAR FIVE STAR CABLE PEOPLES
         COLONYGUJRANWALA
467      NAZIER AHMED SHAIKH               NAZIER AHMED SHAIKH                             609,948       -       -      609,948   651,755      -      -      651,755
         C/120 BLOCK 2 CLIFTON KARACHI     4230129093227
468      NUMAN FAROOQ KHAN                 NUMAN FAROOQ KHAN                               782,872       -       -      782,872   846,291      -      -      846,291
         13/C 11M M ALAM ROAD              27790388410
         GULBERG 111 LAHORE
469      MUSHTAQ AHMED                     MUSHTAQ AHMED                                   508,429       -       -      508,429   546,781      -      -      546,781
         PLOT NO K/192A/193 HAJI           50250217495
         MUREED GOTHNEAR PATEL
         MASJID KHAMOOSH COLONY
         NAZIMABAD KARACHI
470      SAFEER KHAN                       SAFEER KHAN                                     479,466       -       -      479,466   513,629      -      -      513,629
         202-203-204, 2ND FLOOR            51654378578
         CENTRAL HOTEL BUILDING
         MAREWEATHEK ROAD KARACHI
471      ABDUS SATTAR                      ABDUS SATTAR                                    631,386       -       -      631,386   646,130      -      -      646,130
         H NO SW 5/CST NO 12 CHAUDHRY      27244003105
         STREET MOHALLAH MUHAMMADI
         PARKSANDA KHURDLAHORE
472      MUHAMMAD IRFAN                    MUHAMMAD IRFAN                                  538,642       -       -      538,642   549,807      -      -      549,807
         BASEMENT JAMIA E NAEEMIAGHARI     27361402425
         SHAHULAHORE
473      SHEIKH FARRUKH RAUF               SHEIKH FARRUKH RAUF                             491,921       -       -      491,921   504,359      -      -      504,359
         H NO 22ST NO 3 SECTOR F-8-3       10164480485
         ISLAMABAD
474      ARSHAD AHMED                      ARSHAD AHMED                                    734,448       -       -      734,448   744,746      -      -      744,746
         HOUSE NO 345-DDD H ALAHORE        29486557816
475      MUHAMMAD JAVED KHAN               MUHAMMAD JAVED KHAN                             588,454       -       -      588,454   603,802      -      -      603,802
         SADAQAT PARK NO 1 SANDA KHURD     27293083481
         MASJID STREET KHAN MANZIL
476      DR AMIR MUSHTAQ BUTT              DR AMIR MUSHTAQ BUTT                            539,472       -       -      539,472   550,261      -      -      550,261
         15-B-1 31ST STREET OFF.           51659149490
         KHAY-E-SHAMSHEER PHASE V
         EXT. D.H.A KARACHI
477      RAHEEL SHUKAT                     RAHEEL SHUKAT                                   551,711       -       -      551,711   567,583      -      -      567,583
         24-K MODEL TOWN LAHORE            27088008985
478      MUHAMMAD ZAFAR KHAN               MUHAMMAD ZAFAR KHAN                             663,263       -       -      663,263   680,508      -      -      680,508
         REGAL CINEMA BUILDING             32259483044
         THE MALLLAHORE
479      AMJAD ZIA MALIK                   AMJAD ZIA MALIK                                 603,178       -       -      603,178   611,969      -      -      611,969
         H NO 14 1ST FLOOR                 28558438301
         BLOCK 7/8K M C H SKARACHI
480      MUHAMMAD BIRGEES ALI KHAN         MUHAMMAD BIRGEES ALI KHAN                       468,946       -       -      468,946   562,222      -      -      562,222
         A 117 BLOCK L NORTH NAZIMABAD     50186049103
         KARACHI
481      MAKHDOOM AMIN FAHIM               MAKHDOOM AMIN FAHIM                             467,919       -       -      467,919   576,100      -      -      576,100
         11-A 2ND SUNSET STREETOFF         51489093377
         SUNSET BOULEVARD PHASE II
         EXT NEAR SUNSET CLUBKARACHI
                                                                                                                                        www.standardchartered.com.pk   134
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                             Outstanding Liabilities at         Amount Written off / Concession
                                                                                                              beginning of the year
                            HOLDING
          S. No.   Name & Address of the borrowers     Name of Individuals/      Father/Husband's Name   Principal   Interest Other   Total     Principal Interest Other   Total
                                                       Partners/Directors.
                                                       (NIC No./Passport)


          482      MUHAMMAD FAWAD                      MUHAMMAD FAWAD                                    448,480        -     -           448,480588,535     -      -      588,535
                   PLOT NO 36-AMAIN RDI/9INDUSTRIAL    50790150293
                   AREA ISLAMABAD
          483      JAWAD ANWAR                         JAWAD ANWAR                                       419,894        -     -           419,894549,859     -      -      549,859
                   102 B NEW MUSLIM TOWNLAHORE         27291465673
          484      RASHID ALI KHAN                     RASHID ALI KHAN                                   523,492        -     -           523,492547,913     -      -      547,913
                   H NO 5E-5/27NAZIMABAD NO 5          50265184455
                   NEAR GHOUSIA GROUNDKARACHI
          485      AMER RAZA WATTOO                    AMER RAZA WATTOO                                  701,568        -     -           701,568613,509     -      -      613,509
                   3-B-1JOHAR TOWNLAHORE               33668528471
          486      SHAHID AHMAD MALIK                  SHAHID AHMAD MALIK                                1,080,425      -     - 1,080,425       1,106,804    -      - 1,106,804
                   258-MUMZA BLOCK                     27252433939
                   ALLAMA IQBAL TOWNLAHORE
          487      FAKHAR AYUB KHAN                    FAKHAR AYUB KHAN                                  541,965        -     -           541,965566,438     -      -      566,438
                   H NO.31 HADAYAT ULLAH BLOCK         26693036983
                   MUSTAFA TOWNWAHDAT ROAD LAHORE
          488      MUHAMMAD ASIF                       MUHAMMAD ASIF                                     631,494        -     -           631,494670,641     -      -      670,641
                   SUITE NO 5GROUND FLOOR ,            51875228856
                   DAWOOD MANZIL 1/D
                   BLOCK 6 NURSERY P.E.C.H.S KARACHI
          489      GHULAM SUBHANI                      GHULAM SUBHANI                                    561,656        -     -           561,656599,959     -      -      599,959
                   51-SD.H.A.LAHORE                    3520102141833
          490      SARDAR SANAHULLAH ZEHRI             SARDAR SANAHULLAH ZEHRI                           69,851         -     -                  504,130
                                                                                                                                             69,851          -      -      504,130
                   39-B,CHAMAN HOUSING SCHEME          62793266088
          491      JAVAID HUSSAIN                      JAVAID HUSSAIN                                    587,348        -     -           587,348632,492     -      -      632,492
                   KACHI KOTHINAWAB SAHIB              27890309645
                   2KM RIWIND ROADLAHORE
          492      MOHSIN IQBAL SHEIKH                 MOHSIN IQBAL SHEIKH                               511,967        -     -           511,967527,892     -      -      527,892
                   138-LMODEL TOWN EXTLAHORE           27062423052
          493      MUSHTAQ AHMED                       MUSHTAQ AHMED                                     266,126        -     -           266,126505,686     -      -      505,686
                   A-221, SECTYOR X-3GULSHAN E MAYMAR 50158123389
          494      MUHAMMAD SARFRAZ                    MUHAMMAD SARFRAZ                                  429,615        -     -           429,615578,798     -      -      578,798
                   128/A 5 KACHA RAHIM ROAD            26973118359
                   GHANDA NALA MISRI SHAH
                   NEARPARAS KANTALAHORE
          495      SAQIB SHAFAAT                       SAQIB SHAFAAT                                     632,376        -     -           632,376505,386     -      -      505,386
                   HOUSE NO 63MUSLIM                   27285215562
                   ROADST NO 4SAMANABADLAHROE
          496      MOHAMMAD YOUSUF KHAN                MOHAMMAD YOUSUF KHAN                              569,085        -     -           569,085585,822     -      -      585,822
                   NEW GULSHAN LABOUR COLONY           28567050573
                   STREET NO 4PLO TNO B/174/175
                   RASHEEDABAD SITEKARACHI
          497      MUHAMMAD NAFEES                     MUHAMMAD NAFEES                                   602,655        -     -           602,655616,768     -      -      616,768
                   CC-1 IST FLOORDEFENCE VIEW          51778522275
                   PHASE 1 KORANGI ROADKARACHI
          498      ZAHID SULTAN                        ZAHID SULTAN                                      515,149        -     -           515,149557,782     -      -      557,782
                   HOUSE NO 31,STREET NO 2,            27489388897
                   MUHALLA GALA, MOZANGLAHORE
          499      AYAZ AHMED                          AYAZ AHMED                                        672,167        -     -           672,167691,715     -      -      691,715
                   OFFICE NO 7,SECOND FLOORAL BILAL    32272904737
                   PLAZANEAR CHANDNI CHOWK MURREE
                   ROADRAWALPINDI
          500      M. ADNAN YOUSAF AWAN                M. ADNAN YOUSAF AWAN                              693,768        -     -           693,768710,937     -      -      710,937
                   SHOP NO 12-13/BRATTA MANSION FAZAL 21480359811
                   UL HAQ ROADBLUE AREAISLAMABAD
          501      MUHAMMAD IRFAN AWAN                 MUHAMMAD IRFAN AWAN                               731,001        -     -           731,001795,184     -      -      795,184
                   SHOP NO 12-13 RATA MANSION FAZAL    21478359810
                   UL HAQ ROAD BLUE AREA ISLAMABAD


135   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                               Outstanding Liabilities at      Amount Written off / Concession
                                                                                                beginning of the year
                  HOLDING
S. No.   Name & Address of the borrowers    Name of Individuals/   Father/Husband's Name   Principal   Interest Other   Total Principal Interest Other     Total
                                            Partners/Directors.
                                            (NIC No./Passport)


502      ABDUL HAFEEZ                       ABDUL HAFEEZ                                   660,040        -      -   660,040    677,614     -      -     677,614
         CC-1 1ST FLOORDEFENCE VIEW         51764522269
         PHASE # 1 KORANGI ROAD KARACHI
503      KHAWAJA MUHAMMAD FAROOQ            KHAWAJA MUHAMMAD FAROOQ                        490,355        -      -   490,355    531,869     -      -     531,869
         CHOWK CHUNGI NO 8LMQ ROAD MULTAN 32249065870
504      M ADEEL AHMED MANSHA               M ADEEL AHMED MANSHA                           619,580        -      -   619,580    667,795     -      -     667,795
         NOVA ROY-2 SHOP NO F-151 1ST FLR   51681471632
         DOLMEN MALL TARIQ ROAD KARACHI
505      TAHIR MASOOD                       TAHIR MASOOD                                   153,176        -      -   153,176    612,809     -      -     612,809
         HASSAN BAKERS,CIVIL LINES,         24864434531
506      ANJUM SHAHZAD                      ANJUM SHAHZAD                                  520,821        -      -   520,821    549,055     -      -     549,055
         506/507 UNI CENTRE                 51793229350
         I I CHUNDRIGAR ROAD KARACHI
507      MUHAMMAD ASLAM BUTT                MUHAMMAD ASLAM BUTT                            346,954        -      -   346,954    547,332     -      -     547,332
         AZIZ SHAHED ROAD OPP SLIVER        30073533306
         SPOON PLAZA SILAKOT CANTT
508      SHOUKAT ZIA                        SHOUKAT ZIA                                    350,770        -      -   350,770    568,637     -      -     568,637
         H # 367ST # 26I-8/2ISLAMABAD       21176301588
509      MUHAMMAD SOHAIL                    MUHAMMAD SOHAIL                                63,991         -      -      63,991 635,704      -      -     635,704
         SHOPPING CENTER 3MULTAN            32292849780
510      ABDUL GHAFFAR                      ABDUL GHAFFAR                                  557,290        -      -   557,290    527,663     -      -     527,663
         RAILAY ROADRAJA JANG DISTT         28172375261
         KASOOR CHOUDHARY FATEH HOUSE
511      KHALID MAHMOOD                     KHALID MAHMOOD                                 465,074        -      -   465,074    569,345     -      -     569,345
         OFFICE NO 18,FALAK NAZ PLAZA       45763160042
         MEZZANINE FLOOR
         SHAHRA E FAISALKARACHI
512      ASIF IRSHAD                        ASIF IRSHAD                                    303,373        -      -   303,373    632,844     -      -     632,844
         HOUSE # 42 RAVI BLOCK              26665141256
         ALLAMA IQBAL TOWN LAHORE
513      KHALID MAHMOOD                     KHALID MAHMOOD                                 555,374        -      -   555,374    566,968     -      -     566,968
         123/A, HAMEED BLOCK NEW            29365043036
         GARDEN TOWN LAHORE
514      MUHAMMAD NADEEM                    MUHAMMAD NADEEM                                441,289        -      -   441,289    538,754     -      -     538,754
         L-S/1 SHOP NO 1SECTOR 1/D ORANGI   50466115412
         TOWNNEAR QAZZAFI CHOWKKARACHI
515      NISAR AHMAD                        NISAR AHMAD                                    457,388        -      -   457,388    535,462     -      -     535,462
         KOTHI NO.9 GULSHAN E BARI,         24692117184
         KAREEM TOWN, NEAR EK MANAR
         WALI MASJID FAISALABAD
516      TANVEER NEMAT                      TANVEER NEMAT                                  437,982        -      -   437,982    527,464     -      -     527,464
         83-A NAZAMABAD                     24583005375
517      MUHAMMAD RASHEED                   MUHAMMAD RASHEED                               335,500        -      -   335,500    576,491     -      -     576,491
         MAIN BAZARHANDRIKAY GOPAL          27067425196
         NAGARWALTON AIRPORT SCHOOL
515      KASHIF QURESHI                     KASHIF QURESHI                                 561,637        -      -   561,637    673,404     -      -     673,404
         H NO.19-A-1 STREET 37              27278629461
         MUSLIM COLONY BASTAMI ROAD
         SAMNABAD LAHORE
519      ZAHEER UD DIN BABAR                ZAHEER UD DIN BABAR                            640,422        -      -   640,422    572,777     -      -     572,777
         PESHAWAR NORTH BRANCH              13572536727
         OFF # 16-17 2ND FLOORAZAM
         TOWERS ARBAB ROAD UNIVERSITY
         TOWNPESHAWAR
520      MUHAMMED ILYAS                     MUHAMMED ILYAS                                 203,150        -      -   203,150    599,954     -      -     599,954
         SUITE NO 347, 3RD FLOOR BHAYANI    52150124994
         SHOPPING CENTRE, BLOCK M
         NORTH NAZIMABAD


                                                                                                                                      www.standardchartered.com.pk   136
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1


                                                                                                           Outstanding Liabilities at         Amount Written off / Concession
                            HOLDING                                                                         beginning of the year
          S. No.   Name & Address of the borrowers   Name of Individuals/      Father/Husband's Name   Principal Interest Other Total         Principal Interest Other     Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          521      MOHAMMAD IMRAN LATIF              MOHAMMAD IMRAN LATIF                              389,618        -     -    389,618       657,419     -     -       657,419
                   HOUSE NO 859ST NO 58              35876700918
                   SECTOR G-11/2ISLAMABAD
          522      MUNAWAR AHMED                     MUNAWAR AHMED                                     459,871        -     -    459,871       604,475     -     -       604,475
                   OFFICE NO 3POTOHAR PLAZA, BLUE    21154222117
                   AREA NEAR PIA OFFICE BUILDING
                   FAZAL E HAQ ROAD ISLAMABAD
          523      RANA M. UMER SHARIF               RANA M. UMER SHARIF                               -              -     -                  685,986 -   -     -       685,986
                   P 216 ST NO 3SARFRAZ COLONY       3310008917167
          524      SYED MUHAMMAD ALI SADIQ           SYED MUHAMMAD ALI SADIQ                           243,445        -     -   243,445        594,946     -     -       594,946
                   44-PECO ROADGATE NO.2             27071115963
                   G.E.H.S KOT LAKHPATLAHORE
          525      CHOUDHARY TALAT AZIZ              CHOUDHARY TALAT AZIZ                              -              -     -                  540,279 -   -     -       540,279
                   FLAT NO 2, SUBHANALLAH            50878387666
                   MASJID MADINA ROAD, ST NO 2
                   GULISTAN COLONY, LAYARI
          526      MUHAMMAD SHABBIR                  MUHAMMAD SHABBIR                                  470,940        -     -    470,940       559,584     -     -       559,584
                   73-A CHEEMA HOUSE SOHAIL          24489313023
                   ABADPEOPLES COLONY NO 2
          527      ZAHID LATIF                       ZAHID LATIF                                       737,815        -     -    737,815       811,026     -     -       811,026
                   83-HAQ NAWAZ ROAD QADDAFFI        26765014354
                   MARKET BAGHBAN PURALAHORE
          528      MUHAMMAD HAROON                   MUHAMMAD HAROON
                   SHOP NO T-340,SAEED JEWELLERS     21249095502                                       357,635        -     -    357,635       846,603     -     -       846,603
                   CHANN BAZAR,PURANA QILA,
          529      FAROOQ NIZAMI                     FAROOQ NIZAMI                                     532,237        -     -    532,237       662,672     -     -       662,672
                   8/8 NEW CIVIL LINE BUSINESS       24589083297
                   CENTRE FAISALABAD
          530      NASIR SAEED SHEIKH                NASIR SAEED SHEIKH                                536,464        -     -    536,464       620,578     -     -       620,578
                   39-C MEZZANINE FLOOR 12TH         52076298573
                   COMMERCIAL STREET PHASE 2
                   EXT DHA KARACHI
          531      IFTIKHAR SHAUKAT CHAUDHRY         IFTIKHAR SHAUKAT CHAUDHRY                         504,997        -     -    504,997       523,576     -     -       523,576
                   16/Y/JMADINA TOWN FAISALABAD      24465107015
          532      IRFAN JAMIL                       IRFAN JAMIL                                       622,253        -     -    622,253       627,624     -     -       627,624
                   2ND FLOOR, ALLIED BANK CENTRAL    27263042228
                   OFFICE BUILDING MAIN CLIFTON
                   OPPOSITE PSO HOUSE KARCHI
          533      MUHAMMAD MANSHA TAHIR             MUHAMMAD MANSHA TAHIR                             534,469        -     -    534,469       535,119     -     -       535,119
                   H NO 231 GG DHA LAHORE            28173229877
          534      SYED AHMED                        SYED AHMED                                        991,534        -     -    991,534       992,184     -     -       992,184
                   H.NO.11 STREET NO 17              10149022995
                   SECTOR F7/2 ISLAMABAD
          535      MASOOD AHMAD                      MASOOD AHMAD                                      644,975        -     -    644,975       645,625     -     -       645,625
                   H 7 KHAYABAN E JOHARI             10135636523
                   8/3 ISLAMABAD
          536      SYED AHMED                        SYED AHMED                                        79,038         -     -           79,038 4,779,638   -     -       4,779,638
                   H.NO.11 STREET NO 17              10149022995
                   SECTOR F7/2 ISLAMABAD
          537      TARIQ MUMTAZ                      TARIQ MUMTAZ                                      8,750          -     -                  525,621
                                                                                                                                           8,750           -     -       525,621
                   82-C, 11TH COMMERCIAL STREET,     51063059192
                   3RD FL DEFENCE AUTHORITY
                   PHASE II EXTKARACHI
          538      JAMES PRESTON KEAY                JAMES PRESTON KEAY                                12,825         -     -           12,825 769,610     -     -       769,610
                   F-5/1300, SOFTWARE TECHNOLOTY     LJ037927
                   PARK 1 E.T.C SIR AGHA KHAN
                   ROAD ISLAMABAD




137   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1


                                                                                                    Outstanding Liabilities at         Amount Written off / Concession
                  HOLDING                                                                            beginning of the year
S. No.   Name & Address of the borrowers       Name of Individuals/     Father/Husband's Name   Principal   Interest Other   Total     Principal Interest Other    Total
                                               Partners/Directors.
                                               (NIC No./Passport)


539      MIRZA HAQ NAWAZ                        MIRZA HAQ NAWAZ                                 526,024       -     -     526,024      555,403      -     -       555,403
         MIRZA HAQ NAWAZ? VILL.                 3420302411455
         AURANGABAD, P.O. AURANGABAD,
         TEH.SARAI ALAMGIR, GUJRAT.
540      KHAWAR SOHAIL                          KHAWAR SOHAIL                                   592,749       -     -     592,749      614,589      -     -       614,589
         H NO 5 ST D Y BLOCK KIKAR STOP         32288220155
         NEW MULTAN
541      MUHAMMAD NAEEM TUFAIL                  MUHAMMAD NAEEM TUFAIL                           546,744       -     -     546,744      575,920      -     -       575,920
         PLOT NO B-121, SECTOR 35-A,            52079578433
         KORANGI 4 ZAMAN TOWN
         GULSHAN E HALI
542      HABIB UR REHMAN                        HABIB UR REHMAN                                 548,801       -     -     548,801      613,753      -     -       613,753
         STAND NO 1 (ADA) BUS TERMINAL          15093030128
         SUPER HIGHWAY
543      ASSOCIATES INT. KARACHI (HINA YOUSUF) ASSOCIATES INT. KARACHI (HINA YOUSUF)            544,293       -     -     544,293      584,050      -     -       584,050
         709, 7TH FLOOR, TRADE TOWER            4220191209094
544      SHAHID AHMED                           SHAHID AHMED                                    536,528       -     -     536,528      582,921      -     -       582,921
         SHOP NO 2 & 3 PLOT NO 8C35             51786329820
         COMMERCIAL STREET PHASE V
         TAUHEED COM
545      SULEMAN HASSAN RATHORE                 SULEMAN HASSAN RATHORE                          377,072       -     -     377,072      508,144      -     -       508,144
         H NO 99 AZIZ SHAHEED ROAD CANTT        30080324678
546      AGHA MUJTABA ALI KHAN                  AGHA MUJTABA ALI KHAN                           528,670       -     -     528,670      541,532      -     -       541,532
         MR. AGHA MUJTABA ALI KHAN              3520195499183
         ROOM # 23, 3RD FLOOR TEXTILE PLAZA,
         I.I. CHUNDRIGAR ROAD, KARACHI?
547      IRSAHAD AHMAD SABRI                    IRSAHAD AHMAD SABRI                             520,571       -     -     520,571      562,451      -     -       562,451
         IRSHAD AHMAD SABRI FEROZE LODGE        13656062700
         9 RAFIQUI LANE PESHAWAR
         CANTT PESHAWAR
548      ATTIYA SHAKEEL                         ATTIYA SHAKEEL                                  513,141       -     -     513,141      635,450      -     -       635,450
         HOUSE NO 400/10-B, LANE NO 7           21291097523
         PESHAWAR ROAD
549      SYED ZAHOOR HUSSAIN SHAH KAZMI         SYED ZAHOOR HUSSAIN SHAH KAZMI                  535,519       -     -     535,519      551,051      -     -       551,051
         SHOP NO 2-B BASEMENT,                  21059903796
         MALL PLAZA SADDAR
550      ZEESHAN MEHBOOB                        ZEESHAN MEHBOOB                                 436,309       -     -     436,309      510,129      -     -       510,129
         595/B SALEEMI CHOWK SATIANA ROAD       3310065684095
         SANDAL BAR HOTEL
551      BUSHRA SABIR                           BUSHRA SABIR                                    48,427        -     -            48,427 619,435     -     -       619,435
         6-A MODEL COLONY Q BLOCK               26979491266
         MODEL TOWN
552      RAJA FAISAL RATHORE                    RAJA FAISAL RATHORE                             574,746       -     -     574,746      639,101      -     -       639,101
         H NO 158, ST NO 97I-8/4                71078529105
553      ALI MURTAZA SHAH                       ALI MURTAZA SHAH                                541,439       -     -     541,439      612,889      -     -       612,889
         H NO 81KACHI ABADIGHAFOOR              43957205871
         JAHANIYA CHOCK NEAR QASIM
         RANGERS QASIM ABAD
554      AMJAD ALI JAFFERY                      AMJAD ALI JAFFERY                               502,400       -     -     502,400      596,081      -     -       596,081
         H NO.50-C-4-AST/                       27691169816
         MUHALLAH LAWRANCE ROAD
555      ASIM ABBASI                            ASIM ABBASI                                     -             -     -                  680,873 -    -     -       680,873
         ASIM ABBASI?HOUSE#43                   3740564003699
         STREET#4 CHAKALA SCHEME III
         RAWALPINDI CANTT
556      SYED M. KHAWAR ANEES KAZMI             SYED M. KHAWAR ANEES KAZMI                      355,152       -     -     355,152      526,753      -     -       526,753
         18-21, LG FLOOR, AHAD ARCADE,          3520228251247
         5-C-3,GULBERG 3,


                                                                                                                                              www.standardchartered.com.pk   138
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                                 Outstanding Liabilities at        Amount Written off / Concession
                            HOLDING                                                                               beginning of the year
          S. No.   Name & Address of the borrowers       Name of Individuals/     Father/Husband's Name      Principal   Interest Other   Total    Principal Interest Other     Total
                                                         Partners/Directors.
                                                         (NIC No./Passport)


          557      MUHAMMAD ARSHAD                       MUHAMMAD ARSHAD                                      690,583    -     -              690,583 727,938 -          -         727,938
                   SHOP NO 8 UNITED BANK LIMITED         22059297375
                   SHANDAR CHOWK
          558      RANA NASIR JAMAL AMINI                RANA NASIR JAMAL AMINI                               431,010    -     -              431,010 564,836 -          -         564,836
                   SHOP # 4-6/A BAZAR TALWARAN           21280279501
                   MOTI BAZAR
          559      SOSAN BATOOL NARJIS                   SOSAN BATOOL NARJIS                                  446,243    -     -              446,243 606,652 -          -         606,652
                   HOUSE # 27-A BLOCK M                  3730121759512
                   GULBERG 3 LAHORE
          560      ABDUL RASHEED                         ABDUL RASHEED            USMAN GHANI (LATE)         1,000,000   -     -      1,000,000      859,151 63,317      -         922,468
                   HOUSE # 1-J44/10, NAZIMABAD # 1,      42301-5262371-5
                   NEAR SIR SYED GIRLS COLLEGE
          561      AMIR SHAHZAD                          AMIR SHAHZAD             RANA ZIAULLAH KHAN         1,000,000   -     -      1,000,000 1,000,000 120,761 -           1,120,761
                   DUBAI ASSOCIATES, FLAT # K14          33100-2247411-3
                   NAUMAN COMPLEX
                   BIK 13-O GULSHAN-E-IQBAL
          562      SHEIKH M. FAROOQ                      SHEIKH M. FAROOQ         SHEIKH M. HASSAN (LATE)    1,500,000   -     -      1,500,000 1,180,742 126,049 -           1,306,791
                   DUAA PLASTIC , FLAT # 10, 1A,1/35,    42101-1440320-7
                   2ND FLR, HINA PALACE NAZIMABAD # 1,
          563      MOHAMMAD SHEHZAD                      MOHAMMAD SHEHZAD         MOHAMMAD SALIM             1,000,000   -     -      1,000,000      833,043      80,317 -       913,360
                   OSAMA INTERNATIONAL,                  42101-6703554-5
                   FLAT NO. A-4, 4TH FLOOR NEW HOME
                   COMPLEX, SECTOR 11-H NORTH
          564      MOHAMMAD ZAHID                        MOHAMMAD ZAHID           MAQBOOL AHMED               850,000    -     -              850,000 764,169     83,877 -         848,047
                   MAHFOOZA DUPATA CORNER,               42301-7923599-1
                   SHAHEEN COMPOUND SHAHEEN
                   STREET HOUSE NO BJ/6 RAMSOMI
          565      ABDUL SATTAR                          ABDUL SATTAR             ABDUL GHAFFAR              1,500,000   -     -      1,500,000 1,471,784 177,271 -           1,649,055
                   A.S.K. ENTERPRISES, H. NO. 303,       35201-5213272-3
                   B-BLOCK, TAJ PURA SCHEM
                   MUGHAL PURA
          566      KHALIL KAMRAN                         KHALIL KAMRAN            AZIZ AKHTAR (LATE)          550,000    -     -              550,000 539,655     65,035 -         604,689
                   FAHAD & SAAD TRADING,                 35202-6379829-9
                   263 - E, ST 6-E MAKAH COLONY
                   GULBERG III
          567      SHAKIR ALI                            SHAKIR ALI               QUDRAT ALI (LATE)           800,000    -     -              800,000 687,324     19,762 -         707,086
                   S.J HERBAL LABORATORIES,              42201-1841851-7
                   HOUSE # A/186, BLOCK # 15,
                   GULISTAN -E- JOHAR,
          568      SYED RAEES ABBAS RIZVI                SYED RAEES ABBAS RIZVI   SYUED ZAWAR ABBAS RIZVI    1,500,000   -     -      1,500,000 1,308,857         20,947 -    1,329,805
                   AL-ABBAS TRADERS,                     42201-9778056-3
                   HOUSE NO 506 P.I.B COLONY
          569      MOHAMMAD AAMIR                        MOHAMMAD AAMIR           ABDUL MAJEED (LATE)         650,000    -     -              650,000 572,651     68,146 -         640,797
                   ABDUL MAJEED TRUNK STORE,             42101-1782176-9
                   HOUSE NO # 6/383/C LIAQUAITABAD
          570      MUHAMMAD SHAFI                        MUHAMMAD SHAFI           USMAN GHANI VOHRA (LATE)   1,500,000   -     -      1,500,000 1,214,382         37,674 -    1,252,056
                   VOHRA VIDEO ELECTRONICS,              42101-1872057-1
                   FLAT # 16, 2ND FLOOR,
                   PRINCE ARCADE BLOCK 7, FB AREA
          571      UMAR FAROOQ                           UMAR FAROOQ              GHZANFAR ALI               1,000,000   -     -      1,000,000      941,725      51,912 -         993,638
                   AL FAROOQ TYRE TUBE,                  42501-1473574-5
                   HOUSE NO A-2684,
                   GULSHAN E HADEED PHASE II
                   BIN QASIM
          572      MUHAMMAD HUSSAIN                      MUHAMMAD HUSSAIN         MUHAMMAD RAMZAN            1,000,000   -     -      1,000,000      763,390      53,943 -         817,334
                   AL - HUSSAIN TRADERS,                 35201-6570604-5
                   ITHAD COLONY, NEAR PSO DEPO,,
                   ITTIFAQ ROAD, KOT LAKHPAT,


139   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                  Outstanding Liabilities at        Amount Written off / Concession
                  HOLDING                                                                          beginning of the year
S. No.   Name & Address of the borrowers     Name of Individuals/     Father/Husband's Name   Principal   Interest Other    Total   Principal Interest Other     Total
                                             Partners/Directors.
                                             (NIC No./Passport)


573      MOHAMMAD MUSHTAQ                    MOHAMMAD MUSHTAQ         NAFEES AHMED            1,200,000      -      - 1,200,000     1,127,480   63,910   -    1,191,390
         TAYYABA STEEL CASTING,              35201-1523511-7
         HOUSE # 21, STREET NO 4,
         B - BLOCK HARBANSPURA
         MAIN BAZAR QALANDARPURA
574      ILLAHI BUX                          ILLAHI BUX               RAHIM BUX                950,000       -             - 950,000 725,384    72,586   -         797,970
         N.S.I. COMPUTERS , D-1/4 RABIA      43304-2604562-7
         CITY BLOCK 18 GULISTAN-E-JOHAR
575      GHULAM NABI                         GHULAM NABI              MOHAMMAD FEROZ KHAN     1,000,000      -      -   1,000,000    981,189    37,581   -    1,018,770
         HAQ BAHOO MILK SHOP,                42501-5603763-7
         CH: GHULAM NABI HOUSE
         BEH: GHANGORI NACLASS-77,
         MEHRAN HIGHWAY
576      FAZAL MAHMOOD AKRAM                 FAZAL MAHMOOD AKRAM      MUHAMMAD AKRAM MUGHAL   2,000,000      -      - 2,000,000     1,858,303 160,116    -    2,018,419
         SAFA INTERIORS, HOUSE B-28,         42201-8077668-7
         GULSHAN E IQBAL, BLOCK-
577      MIAN ABDUL REHMAN ARIF              MIAN ABDUL REHMAN ARIF   MIAN MOHAMMAD ARIF       650,000       -             - 650,000 572,651    50,086   -        622,737
         BUTT BROTHERS, H # 348, ST # 5,     35202-8023260-5
         RAVI BLOCK ALLAMA IQBAL TOWN
578      IRFAN AHMED BUTT                    IRFAN AHMED BUTT         ALLAH RUKHA BUTT        1,500,000      -      - 1,500,000     1,383,505 165,054    -   1,548,558
         AUTO CLINIC, 358- BLOCK A3,         34101-5078603-5
         JOHER TOWN
579      MIRZA ABDUL SHAKOOR                 MIRZA ABDUL SHAKOOR      MIRZA BASHIR BAIG        900,000       -             - 900,000 645,284    31,845   -        677,129
         HUSNAIN GARMENTS,                   35202-8495406-5
         HOUSE # 179, 42-A CHAND STREET
         GUMBAD DARASHUKO, CHAH MIRAH
580      SHARIF UDDIN                        SHARIF UDDIN             MUHAMMAD ISHAQ LATE      700,000       -             - 700,000 522,084    32,423   -        554,507
         NATIONAL FOOD STUFF & SALT          42501-1956052-3
         REFINER, HOUSE # 3 BLOCK F
         CANNT BAZAR NEAR CANNT
         BOARD LIABRARY
581      SYED M. NAZIR SHAH                  SYED M. NAZIR SHAH       UMER KHISHAB SHAH       1,500,000      -      - 1,500,000     1,128,888   95,991   -   1,224,878
         M/S SHAH SUPER STORE,               42401-2057754-1
         FLAT # A-34, 4TH FLOOR SUNNY VIEW
         APPT, BLOCK B N. NAZIMABAD
582      BISMILLAH KHAN KARIMI               BISMILLAH KHAN KARIMI    HAJI SARWAR KHAN        1,000,000      -      - 1,000,000      920,894    88,558   -   1,009,452
         DUBAI CLOTH HOUSE, # 425/426,       42401-4036228-7
         SEC 4/C NEW SAEEDABAD
         BULDIA TOWN NAI ABADI KYC
583      MUHAMMAD SALEEM                     MUHAMMAD SALEEM          HABIBULLAH LATE         1,100,000      -      - 1,100,000      921,678 108,363     -   1,030,040
         SALEEMS TRADING CO, G-3,            42401-8647195-1
         AL AFZAL SQUARE SF-89,
         BLOCK-B NORTH NAZIMABAD
584      FAISAL KHALID                       FAISAL KHALID            MUHAMMAD KHALID         1,000,000      -      - 1,000,000      942,365 113,044     -   1,055,409
         QADRI AUTO RUBBER STORE,            35202-8486353-7
         H # 213 A-4 BARAF KHANA STOP
         G.T ROAD BAGHBAN PURA
585      MUHAMMAD FAISAL                     MUHAMMAD FAISAL          SHEHBAZ AHMED KHAN      1,500,000      -      - 1,500,000     1,383,505 144,764    -   1,528,268
         FAISAL TRADERS, ST # 2,             35201-1694180-9
         LODHI HOUSE, GREEN PARK,
         SHALILMAR TOWN,
         LAHORE CANTT PAKISTAN
586      JAVAID IQBAL                        JAVAID IQBAL             ILAM DIN                1,500,000      -      - 1,500,000     1,189,413 138,470    -   1,327,883
         A.J. COMMUNICATION,                 42301-0829968-7
         P/NO-32K, F/NO. 3, 3RD FLOOR,
         21ST COMM. STREET, PHASE II,
         EXTN. DHS




                                                                                                                                           www.standardchartered.com.pk      140
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Unconsolidated)
         Annexure - 1

                                                                                                            Outstanding Liabilities at         Amount Written off / Concession
                                                                                                             beginning of the year
                            HOLDING
          S. No.   Name & Address of the borrowers     Name of Individuals/   Father/Husband's Name     Principal   Interest Other   Total     Principal Interest Other   Total
                                                       Partners/Directors.
                                                       (NIC No./Passport)


          587      SYED JAMAL MUQEET                   SYED JAMAL MUQEET      SYED ABDUL MUQEET         1,500,000   -      -    1,500,000      1,256,837 148,343 -    1,405,179
                   R.T ELECTRONICS , FLAT NO 8         42301-9980857-9
                   AZIZ MAHAL MOHAN ROAD NEAR
                   TOWER MARKET M.A JINNAH ROAD
          588      MOHAMMAD SHAKEEL GUL                MOHAMMAD SHAKEEL GUL   MOHAMMAD GUL KHAN          600,000    -      -             600,000 526,713 50,282   -        576,995
                   A K TRADERS , HOUSE # S-2, MAIN     61101-1948884-7
                   KHAYABAN-E-JAMI S LINE # 2, DHA
          589      NAFEES AHMED                        NAFEES AHMED           MUHAMMAD SADIQ            2,000,000    -     -    2,000,000      1,675,776 194,875 -    1,870,651
                   USMAN ENGINEERING, H NO 141         35202-2931799-5
                   BLOCK NO 2 KARIM PARK RAVI ROAD
          590      SULTAN AHMED                        SULTAN AHMED           MOHAMMAD YOUSUF           2,000,000    -     -    2,000,000      1,844,670 220,537 -    2,065,207
                   CITY LINKS INTERNATIONAL,           42401-2081862-1
                   12-Q, MODEL TOWN LINK ROAD
          591      RAZA KHAN                           RAZA KHAN              MASHAL KHAN (LATE)         850,000     -     -             850,000A782,031 86,182   -        868,213
                   FRIENDS ENTERPRISES,                14301-2837708-5
                   HOUSE NO L-177, SHIREEN
                   JINNAH COLON BLOCK-1 KARACHI
          592      MOHAMMAD AMJAD AKRAM                MOHAMMAD AMJAD AKRAM   MOHAMMAD AKRAM MUGHAL 1,500,000        -     -    1,500,000      1,352,888 123,843 -    1,476,731
                   ASAS PEN INTERNATIONAL,             42201-3863976-7
                   HOUSE NO B 28 BLOCK 9
                   GULSHAN-E-IQBAL KARACHI
          593      FAROOQ SHAH                         FAROOQ SHAH            MUHAMMAD AMIN HASHMI       550,000     -     -             550,000 496,060 57,775   -        553,835
                   AL-FAROOQ TIMBER MERCHANT,          42201-0404179-7
                   HOUSE # E-84/2, BLOCK 4,
                   GULSHAN-E-IQBAL KARACHI
          594      MUHAMMAD ZAHID                      MUHAMMAD ZAHID         SHAMA BIBI                1,250,000    -     -    1,250,000      1,012,726 102,083 -    1,114,808
                   SAZ ENTERPRISES, FLAT # 5, BLOCK    42301-3534451-7
                   # 33, DEFENCE GARD KARACHI
          595      MOHAMMAD SHAHID                     MOHAMMAD SHAHID        MOHAMMAD AKRAM             500,000     -     -             500,000 490,595 59,122   -        549,717
                   SHAHID AND SONS,                    35202-5396782-5
          596      SAMEER ANWAR                        SAMEER ANWAR           ANWAR HASSAN              1,000,000    -     -    1,000,000        981,189 92,900   -   1,074,089
                   HOUSE 12-D, JAMAL COLONY            36502-4586171-7
                   MULTAN ROAD
          597      TAHIR SOHAIL MALIK                  TAHIR SOHAIL MALIK     MALIK ALLAH DITA (LATE)   1,000,000    -     -   1,000,000         839,888 -        -        839,888
                   PERFECT TRADING COMPANY,            35201-7272844-3
                   H. NO. 2, ST NO. 45, BIBI AAHATA,
                   CHAH MIRAN LAHORE
          598      ASAD MEHMOOD BUTT                   ASAD MEHMOOD BUTT      MEHMOOD AHMED MEER        1,500,000    -     -   1,500,000       1,313,512 127,977 -    1,441,489
                   BUTT & SONS, H # 11, ST-10-C,       35202-2870901-1
                   GANJ SHAKAR ST SHAH NOOR
          599      ABDUL GHAFOOR                       ABDUL GHAFOOR          MUHAMMAD USMAN (LATE)     2,950,000    -     -    2,950,000      1,210,352 -        -   1,210,352
                   YAHYA TRADERS, FLAT # 512, 5TH      42101-1783903-3
                   FLOOR, NOBLE HEIGHT CHANDNI
                   CHOWK,OLD SABZI MANDI,GULSH
          600      MUHAMMAD SHAHID                     MUHAMMAD SHAHID        MUHAMMAD SIDDIQ           1,850,000    -     -    1,850,000        713,912 -        -        713,912
                   YAQIQ PLASTIC INDUSTRY,             42101-5937367-5
                   HOUSE # C-96, BLOCK # 6, FB AREA
          601      SALMAN MUJTABA NAQVI                SALMAN MUJTABA NAQVI   TABINDA JABEEN            2,600,000    -     -    2,600,000        781,946 -        -        781,946
                   HUSSAIN TRADERS , HOUSE # R-881,    42101-5255888-5
                   BLOCK # 20, F.B. AREA
          602      M. FAISAL QURESHI                   M. FAISAL QURESHI      M. MANZOOR QURESHI        2,350,000    -     -    2,350,000        898,049 -        -        898,049
                   MANZOOR & SONS, ASHRAM              42301-1488280-3
                   BUILDING, PLOT # LR-6/20,
                   KAKA STREET, NISHTAR ROAD,
          603      MUHAMMAD RAFIQ                      MUHAMMAD RAFIQ         SHEIKH MUHAMMAD AKBAR     2,000,000    -     -    2,000,000        942,076 -        -        942,076
                   SHEIKH & COMPANY, HOUSE # 55,       35202-2362024-7
                   STREET # 2, AMEEN PARK,
                   BUND ROAD


141   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Unconsolidated)
Annexure - 1

                                                                                                              Outstanding Liabilities at                      Amount Written off / Concession
                                                                                                               beginning of the year
                   HOLDING
S. No.   Name & Address of the borrowers    Name of Individuals/       Father/Husband's Name       Principal      Interest    Other        Total           Principal   Interest     Other      Total
                                            Partners/Directors.
                                            (NIC No./Passport)


604      MUHAMMAD NAEEM                     MUHAMMAD NAEEM             MUHAMMAD AMIN ( LATE)      1,800,000               -        -        1,800,000     718,929          -            -           718,929
         AAMAN INTERNATIONAL, HOUSE # 287, 35200-1401542-5
         KHYBER BLOCK, ALLAMA IQBAL TOWN
605      MANZAR FAROOQ                      MANZAR FAROOQ              FAROOQ ALAM MUFTI          3,000,000           -            -        3,000,000     1,289,854        -            -      1,289,854
         KNITTEX , HOUSE # 204-L, DEFENCE   35201-2863081-9
606      MIAN MAJEED A. FARUKI              (1) MIAN MAJEED A. FARUKI, (1) MIAN MUHAMMAD AKBAR 14,881,518       28,435,986         -   43,317,504         3,881,518    28,806,405   -       32,687,923
         GROUND FLOOR, WEAL HOUSE,          FEROZEABAD, SARGODHA       FARUKI.
         FAIZ ROAD, MUSLIM TOWN, LAHORE.    ROAD, GUJRAT.
                                            NIC# 34201-0453242-5.
                                            (2) MAJOR (R.) NASIM AKBAR (2) MIAN MUHAMMAD AKBAR
                                            FARUKI, FEROZEABAD,        FARUKI.
                                            SARGODHA ROAD, GUJRAT.
                                            NIC# 34201-0350518-3.
                                            (3) KALEEM AKBAR FARUKI,   (3) MIAN MUHAMMAD AKBAR
                                            FEROZEABAD, SARGODHA       FARUKI.
                                            ROAD, GUJRAT.
                                            NIC# 35201-1543228-7.
                                            (4) NAEEM AKBAR FARUKI,    (4) MIAN MUHAMMAD AKBAR
                                            FEROZEABAD, SARGODHA       FARUKI.
                                            ROAD, GUJRAT.
                                            NIC# 35201-1425526-3.
                                            (5) PARVEZ ASLAM FARUKI,   (5) ASLAM RIAZ FARUKI.
                                            3-POPULAR NURSERY,
                                            SATELLITE TOWN,
                                            GUJRANWALA.
                                            NIC# 35201-6788982-5.
                                            (6) SALIM AKBAR FARUKI,    (6) MIAN MUHAMMAD AKBAR
                                            74-ABU BAKAR BLOCK,        FARUKI.
                                            NEW GARDEN TOWN,
                                            LAHORE.
                                            NIC# 35202-7905561-1.
                                            (7) ABDUL SAMI, 6-G,       (7) MIAN ABDUS SAMAD.
                                            MODEL TOWN, LAHORE.
                                            NIC# 35202-4367455-7.
                                            (8) MUNIR A. KHAN, 46-S,   (8) ZAMEER KHAN.
                                            DHA, LAHORE.
                                            NIC# 274-5501348-8
607      NAEEM AKBAR FARUKI                 NAEEM AKBAR FARUKI         MIAN MUHAMMAD AKBAR        8,437,939     11,614,290     -       20,052,230         8,437,939    11,914,820   -       20,352,759
         MOHALLAH FEROZEABAD,               35201-1425526-3.           FARUKI.
         SARGODHA ROAD, GUJRAT.
608      NASEEM RAZZAQ KHAN                 NASEEM RAZZAQ KHAN.        HAJI ABDUL RAZZAQ KHAN     2,452,699     6,063,807     -             8,516,505     2,452,699    6,212,633    -          8,665,331
         19-QAZZAFI MARKET, CHOWK           322-69-189144.
         DALGRAM, BRANDRETH ROAD, LAHORE.


                                                                                                360,148,370    47,817,731 326,585 408,292,686           414,772,213 50,980,685 65,687 465,818,585




                                                                                                                                                        www.standardchartered.com.pk                142
Standard Chartered Bank (Pakistan) Limited
    Consolidated Financial
        Statements
           For The Year Ended
           31 December 2007
                     KPMG Taseer Hadi & Co.                             Telephone         +92 (21) 568 5847
                     Chartered Accountants                              Fax               +92 (21) 568 5095
                     Sheikh Sultan Trust Building No.2                  Internet          www.kpmg.com.pk
                     Beaumont Road
                     Karachi 75530 Pakistan



Auditors’ Report to the Members

     We have audited the annexed consolidated financial statements of Standard Chartered Bank (Pakistan)
     Limited (”the Bank”) comprising consolidated balance sheet as at 31 December 2007 and the related
     consolidated profit and loss account, consolidated cash flow statement and consolidated statement of
     changes in equity together with the notes forming part thereof, for the year then ended.


     These financial statements are responsibility of the Bank’s management. Our responsibility is to express
     our opinion on these financial statements based on our audit.


     We conducted our audit in accordance with the auditing standards as applicable in Pakistan. These
     standards require that we plan and perform the audit to obtain reasonable assurance about whether the
     above said statements are free of any material misstatement. An audit includes examining, on a test basis,
     evidence supporting the amounts and disclosures in the above said statements. An audit also includes
     assessing the accounting policies and significant estimates made by management, as well as, evaluating
     the overall presentation of the above said statements. We believe that our audit provides a reasonable
     basis for our opinion.


     In our opinion the consolidated financial statements present fairly the consolidated financial position of
     the Bank as at 31 December 2007 and the consolidated results of its operations, its consolidated cash
     flows and consolidated changes in equity for the year then ended in accordance with the approved
     accounting standards as applicable in Pakistan.




Date: March 04, 2008                                                                     KPMG Taseer Hadi & Co.
                                                                                         Chartered Accountants
Karachi




                                                                                                www.standardchartered.com.pk   144
      Standard Chartered Bank (Pakistan) Limited
      Financial Statements


      Consolidated Balance Sheet
      As at 31 December 2007

                                                                         Note            2007                    2006
                                                                                                               Restated
                                                                                                (Rupees in '000)
      ASSETS



      Cash and balances with treasury banks                                7            26,295,978            22,797,769
      Balances with other banks                                            8             1,626,517             3,395,213
      Lendings to financial institutions                                   9            15,393,820             4,003,224
      Investments                                                         10            40,717,866            34,700,979
      Advances                                                            11           122,787,983           132,528,879
      Operating fixed assets                                              12             3,748,399             3,392,094
      Intangible assets                                                   13            28,233,852            29,066,687
      Deferred tax assets                                                 14             3,271,017             3,103,776
      Other assets                                                        15            17,040,102            16,942,399
                                                                                       259,115,534           249,931,020
      LIABILITIES

      Bills payable                                                       16             6,637,388             4,259,834
      Borrowings from financial institutions                              17             6,882,731            22,984,618
      Deposits and other accounts                                         18           177,044,230           156,568,436
      Sub-ordinated loans                                                 19             1,912,455             2,414,851
      Liabilities against assets subject to finance lease                                        -                   736
      Other liabilities                                                   20            22,652,559            22,585,265
      Deferred tax liabilities - net                                                             -                     -
                                                                                       215,129,363           208,813,740
      NET ASSETS                                                                        43,986,171            41,117,280



      REPRESENTED BY:

      Share capital                                                       21            38,715,850            38,715,850
      Reserves                                                            22             1,736,041             1,186,639
      Unappropriated profit                                                              3,031,159               777,888
      Total attributable to equity holders of the Bank                                  43,483,050            40,680,377
      Minority interest                                                                    760,180               756,618
                                                                                        44,243,230            41,436,995
      Deficit on revaluation of securities - net of deferred tax          23              (257,059)             (319,715)
                                                                                        43,986,171            41,117,280

      CONTINGENCIES AND COMMITMENTS                                       24

      The annexed notes 1 to 44 form an integral part of these financial statements.




             Badar Kazmi                      Shayne Nelson                Ebenezer Essoka             Munnawar Hamid
            Chief Executive                      Director                      Director                    Director
         Dubai : March 04, 2008
145   SCBP Annual Report 2007
  Standard Chartered Bank (Pakistan) Limited
  Financial Statements


Consolidated Profit and Loss Account
For the year ended 31 December 2007
                                                                                   Note          2007                    2006
                                                                                                                       Restated
CONTINUING OPERATIONS
                                                                                                        (Rupees in '000)

Mark-up / return / interest earned                                                   25               22,940,061            14,851,405
Mark-up / return / interest expensed                                                 26               (6,600,569)           (4,405,686)
Net mark-up / interest income                                                                         16,339,492            10,445,719

Provision against non-performing loans and advances                              11.4 & 20.5          (6,279,465)           (1,545,730)
Recovery of amounts written off in previous years                                                        184,449               119,621
Provision for diminution in the value of investments                                                        (231)                   98
Bad debts written off directly                                                                                  -             (206,099)
                                                                                                      (6,095,247)           (1,632,110)
Net mark-up/ return/ interest income after provisions                                                 10,244,245             8,813,609

NON MARK-UP / NON INTEREST INCOME

Fees, commission and brokerage income                                                                   3,954,109            2,504,015
Dividend income                                                                                            28,869               54,143
Income from dealing in foreign currencies                                                               1,116,633              699,354
Gain/(Loss) on sale of securities                                                    27                    87,044              138,817
Unrealized (Loss)/Gain on revaluation of investments
  classified as held for trading                                                                          (3,326)                    5
Other income                                                                         28                  938,321               275,883
Total non mark-up / interest income                                                                    6,121,650             3,672,217
                                                                                                      16,365,895            12,485,826
NON MARK-UP / INTEREST EXPENSES

Administrative expenses                                                              29              (12,185,879)           (5,154,986)
Other provisions / asset write offs                                                                               -             (26,992)
Other charges                                                                        30                    (78,518)                (510)
Total non mark-up / interest expenses                                                                (12,264,397)           (5,182,488)
                                                                                                        4,101,498            7,303,338
Extra-ordinary / unusual items                                                                                    -                    -
PROFIT BEFORE TAXATION FROM CONTINUING OPERATIONS                                                       4,101,498            7,303,338
Taxation - current                                                                                     (1,436,970)          (2,136,828)
         - prior years                                                                                     (22,809)            197,319
         - deferred                                                                                       195,982              334,639
                                                                                     31                (1,263,797)          (1,604,870)
PROFIT AFTER TAXATION FROM CONTINUING OPERATIONS                                                        2,837,701            5,698,468

DISCONTINUING OPERATIONS

Profit from discontinuing operations (net of tax of Rs. 31,885 thousand)             6                      2,729                    -
PROFIT AFTER TAXATION                                                                                   2,840,430            5,698,468

Attributable to:

Equity holders of the Bank                                                                              2,787,536            5,710,753
Minority interest                                                                                          52,894              (12,285)
                                                                                                        2,840,430            5,698,468

                                                                                                          Rupees               Rupees
BASIC/ DILUTED EARNINGS PER SHARE                                                    32                     0.72                 3.06

The annexed notes 1 to 44 form an integral part of these financial statements.




                    Badar Kazmi                            Shayne Nelson                  Ebenezer Essoka             Munnawar Hamid
                   Chief Executive                            Director                        Director                    Director
              Dubai : March 04, 2008
                                                                                                                      www.standardchartered.com.pk   146
      Standard Chartered Bank (Pakistan) Limited
      Financial Statements


      Consolidated Cash Flow Statement
      For the year ended 31 December 2007


                                                                    2007                      2006
      CASH FLOW FROM OPERATING ACTIVITIES
                                                                           (Rupees in '000)

      Profit before taxation                                      4,136,112              7,303,338
      Dividend income                                               (28,869)                  (54,143)
                                                                  4,107,243              7,249,195
      Adjustments for:
      Depreciation                                                  620,863                   254,818
      Amortization                                                  904,460                   342,837
      Gain on disposal of fixed assets                               (3,857)                     (819)
      Finance charges on leased assets                                     -                    1,460
      Other provisions/write offs                                          -                   26,992
      Provision for diminution in the value of investments              230                       (98)
      Provision against loans and advances - net                  6,095,017              1,632,208
                                                                  7,616,713              2,257,398
                                                                 11,723,956              9,506,593
      Decrease / (Increase) in operating assets
      Lendings to financial institutions                        (11,390,596)            16,248,795
      Held-for-trading securities                                  (559,196)             2,003,263
      Advances                                                    3,645,879            (14,410,821)
      Other assets                                                  (66,922)            (4,378,662)
                                                                 (8,370,835)              (537,425)
      (Decrease)/ Increase in operating liabilities
      Bills payable                                               2,377,554                    66,681
      Borrowings from financial institutions                    (16,101,887)           (10,110,083)
      Deposits & other accounts                                  20,475,794             (6,776,383)
      Other liabilities                                           1,020,971              7,260,110
                                                                  7,772,432             (9,559,675)
      Cash inflow before taxation                                11,125,553               (590,507)
      Income tax paid                                            (1,747,269)            (2,636,354)
      Net cash (used in)/ generated from operating activities     9,378,284             (3,226,861)


      CASH FLOW FROM INVESTING ACTIVITIES


      Net investments                                            (5,379,633)            12,859,130
      Dividend income received                                       28,869                    54,143
      Cash outflow on acquisition of Union Bank                            -           (29,419,441)
      Net investment in operating fixed assets
        including intangible assets                              (1,113,674)              (518,368)
      Sale proceeds on disposal of fixed assets                      68,738                    20,166
      Net cash inflow used in investing activities               (6,395,700)           (17,004,370)




147   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements


Consolidated Cash Flow Statement
For the year ended 31 December 2007


                                                                          Note          2007                        2006
     CASH FLOW FROM FINANCING ACTIVITIES
                                                                                               (Rupees in '000)


     Amount received from SCB PLC (UK) for the purpose of financing acquisition                  -              29,397,849
     Repayment of sub-ordinated term finance certificates / redeemable capital         (502,396)                  (102,763)
     Dividend paid to minority shareholders by the subsidiary                            (51,867)                   (30,471)
     Remitttances made in respect of branches profit to SCB UK                         (698,072)                (4,026,973)
     Payment of lease obligations                                                           (736)                    (1,812)
     Net cash (used in)/ from financing activities                                    (1,253,071)               25,235,830
     Increase in cash and cash equivalents for the year                                1,729,513                  5,004,599
     Cash and cash equivalents in Union Bank at the date of acquisition                          -                9,920,449
     Cash and cash equivalents at beginning of the year                               26,192,982                11,267,934
     Cash and cash equivalents at end of the year                         33          27,922,495                26,192,982



     The annexed notes 1 to 44 form an integral part of these financial statements.




      Badar Kazmi                      Shayne Nelson                Ebenezer Essoka              Munnawar Hamid
     Chief Executive                      Director                      Director                     Director
   Dubai : March 04, 2008
                                                                                                     www.standardchartered.com.pk   148
      Standard Chartered Bank (Pakistan) Limited
      Financial Statements


      Consolidated Statement of Changes in Equity
      For the year ended 31 December 2007
                                                                        Share       Head office       Share          Exchange          Statutory       Unappropriated /    Total        Minority            Total
                                                                       Capital         capital       premium         Translation        reserve           Unremitted                     interest
                                                                                       account                        reserve                               profit
                                                                                                                                    (Rupees in '000)

      Balance as at 31 December 2005                                            -      4,103,942               -                -         73,033           4,704,767       8,881,742     630,343         9,512,085

      Shares issued for cash                                        29,397,850                   -             -                -                 -                  -    29,397,850                -   29,397,850

      Shares issued pursuant to amalgamation scheme                  9,318,000      (4,103,942)      1,036,090                  -                 -       (4,821,600)      1,428,548                -    1,428,548

      Minority interest arising on acquisition                                  -                -             -                -                 -                  -              -    169,409          169,409

      Recognised income and expense for the year                                -                -             -                -                 -        5,716,905       5,716,905     (12,285)        5,704,620

      Minority share of deficit on revaluation of
       available for sale of securities                                         -                -             -                -                 -                  -              -         585              585

      Dividend paid                                                             -                -             -                -                 -                  -              -    (31,434)          (31,434)

      Transfer to statutory reserve                                             -                -             -                -         97,139             (97,139)               -               -               -

      Exchange difference on translation of net
       investment in foreign branches                                           -                -             -        (19,623)                  -                  -       (19,623)               -      (19,623)

      Transfer to payable to holding company                                    -                -             -                -                 -         (698,072)      (698,072)                -    (698,072)

      Profit of SCB branches for 2005 remitted to head office                   -                -             -                -                 -       (4,026,973)     (4,026,973)               -   (4,026,973)

      Balance as at 31 December 2006                                38,715,850                   -   1,036,090         (19,623)          170,172             777,888      40,680,377     756,618        41,436,995

      Recognised income and expense for the year                                -                -             -                -                 -        2,816,589       2,816,589       52,894        2,869,483

      Transfer to statutory reserve                                             -                -             -                -        563,318            (563,318)               -               -               -

      Exchange difference on translation of net

      investment in foreign branches                                            -                -             -        (13,916)                  -                  -       (13,916)               -      (13,916)

      Dividend paid to minority                                                 -                -             -                -                 -                  -              -    (51,867)          (51,867)

      Minority Share of deficit on revaluation of
       available for sale securities                                            -                -             -                -                 -                  -              -       2,535            2,535


      Balance as at 31 December 2007                                38,715,850                   -   1,036,090         (33,539)          733,490           3,031,159      43,483,050     760,180        44,243,230



      Statement of recognised income and expenses                                                                                                                                           2007             2006
                                                                                                                                                                                              (Rupees in '000)

      Actuarial gain / (loss) on retirement benefits scheme                                                                                                                                44,698            9,465

      Deferred tax on items recognised directly in equity                                                                                                                                (15,645)           (3,313)

                                                                                                                                                                                           29,053            6,152



      Profit after taxation                                                                                                                                                             2,840,430        5,698,468

      Total recognised income and expense for the year                                                                                                                                  2,869,483        5,704,620

      Attributable to:

      - Equity holder of the bank                                                                                                                                                       2,816,589        5,716,905

      - Minority interest                                                                                                                                                                  52,894          (12,285)

                                                                                                                                                                                        2,869,483        5,704,620

      The annexed notes 1 to 44 form an integral part of these financial statements.




                    Badar Kazmi                                   Shayne Nelson                                    Ebenezer Essoka                                   Munnawar Hamid
                   Chief Executive                                   Director                                          Director                                          Director
              Dubai : March 04, 2008

149   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007



    1.    STATUS AND NATURE OF BUSINESS

          Standard Chartered Bank (Pakistan) Limited ("the Bank") was incorporated in Pakistan on 19 July 2006 and
          was granted approval for commencement of banking business by State Bank of Pakistan, with effect from
          30 December 2006. The ultimate holding company of the Bank is Standard Chartered Plc., incorporated in
          England. Its registered office is at Standard Chartered Bank Building, I.I. Chundrigar Road, Karachi.

          The Bank commenced formal operations on 30 December 2006 through amalgamation of entire undertaking
          of Union Bank Limited and the business carried on by the branches in Pakistan of Standard Chartered Bank,
          a bank incorporated by Royal Charter and existing under the laws of the England. The scheme of amalgamation
          was sanctioned by State Bank of Pakistan vide its order dated 4 December 2006.

          The Bank is engaged in the banking business as defined in the Banking Companies Ordinance, 1962 and
          has a total number of 141 branches in Pakistan and 2 branches in Sri Lanka (2006: 115 branches in Pakistan
          and 2 branches in Sri Lanka) in operation at 31 December 2007.

          Standard Chartered Bank (Pakistan) Limited has three subsidiaries. All of them are incorporated in Pakistan.


          q        Standard Chartered Leasing Limited (66.23% owned)
          q        Standard Chartered Modarba (20% owned)
          q        Standard Chartered Services of Pakistan (Private) Limited (100% owned)

          The subsidiary company, Standard Chartered Services of Pakistan (Private) Limited, exercises control over
          Standard Chartered Modaraba as its management company and also has a direct economic interest in it.
          Therefore, the modaraba is considered as a subsidiary of the Standard Chartered Services of Pakistan (Private)
          Limited.

    2.    BASIS OF PREPARATION

    2.1   Basis of presentation

          In accordance with the directives of the Federal Government regarding the shifting of the banking system
          to Islamic modes, the State Bank of Pakistan (SBP) has issued various circulars from time to time. One
          permissible form of trade related mode of financing comprises of purchase of goods by the Bank from its
          customers and immediate resale to them at appropriate mark-up in price on deferred payment basis. The
          purchases and sales arising under these arrangements are not reflected in these financial statements as such
          but are restricted to the amount of facility actually utilised and the appropriate portion of mark-up thereon.

    2.2   Statement of compliance

          These financial statements have been prepared in accordance with approved accounting standards as
          applicable in Pakistan. Approved accounting standards comprise of such International Financial Reporting
          Standards issued by the International Accounting Standards Board as are notified under the Companies
          Ordinance, 1984, provisions of and directives issued under the Companies Ordinance, 1984 and Banking
          Companies Ordinance, 1962 and the directives issued by State Bank of Pakistan (SBP). In case the requirements
          differ, the provisions of and directives issued under the Companies Ordinance, 1984 and Banking Companies
          Ordinance, 1962 and the directives issued by SBP shall prevail.

          The SECP has approved and notified the adoption of International Accounting Standard 39, 'Financial
          Instruments: Recognition and Measurement' (IAS 39) and International Accounting Standard 40, 'Investment
          Property' (IAS 40). The requirements of these standards have not been followed in the preparation of these
          financial statements as the SBP has deferred the implementation of these standards for the banks in Pakistan
          till further instructions. However, investments have been classified and valued in accordance with the
          requirements of various circulars issued by SBP.

          In addition, Securities and Exchange Commission of Pakistan has notified the Islamic Financial Accounting
          Standard (IFAS) 1 - Murabaha and IFAS 2 - Ijara issued by the Institute of Chartered Accountants of Pakistan.
          IFAS 1 was effective for financial periods beginning on or after 1 January 2006 and IFAS 2 is effective for
          financial periods beginning on or after 1 July 2007 for leases entered into after 1 July 2007. These standards
          have not been adopted by stand alone Islamic branches of conventional banks and the modarabas pending
          resolution of certain issues e.g. invoicing of goods, recording of inventories, concurrent application with other
          approved accounting standards in place for conventional banks, etc. Pakistan Banks Association and
          Modaraba Association of Pakistan have taken up the issue with SBP and Securities and Exchange Commission
          of Pakistan.




                                                                                                        www.standardchartered.com.pk   150
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007



             During the year following new standards and interpretations became effective:

             q          amendments to IAS 1, Presentation of Financial Statements relating to capital disclosures and have resulted
                        in certain additional disclosures;
             q          International Financial Reporting Standard (IFRS) 2 - Share Based Payment and IFRIC 8 - Scope of IFRS 2
                        Share Based Payment requiring accounting for share based payments;
             q          IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations requiring separate classification of
                        disposal groups;
             q          IFRS 6 - Exploration for and Extraction of Mineral Resources, not relevant to Bank's operations; and
             q          IFRIC 10 - Interim Financial Reporting.

             2.3        Basis of measurement

                        These financial statements have been prepared under the historical cost convention, except that certain
                        available for sale, trading and derivative financial instruments are measured at fair value.

             2.4        Use of estimates and judgments

                        The preparation of financial statements in conformity with approved accounting standards requires management
                        to make judgments, estimates and assumptions that effect the application of accounting policies and reported
                        amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. The
                        estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
                        are recognised in the period in which the estimate is revised if the revision affects only that period, or in the
                        period of the revision and future periods if the revision affects both current and future periods.

                        In particular, information about significant areas of estimation uncertainty and critical judgments in applying
                        accounting policies that have the most significant effect on the amount recognised in the financial statements
                        are described in the following:

                        -   Note 4      Fair value determination on acquisition
                        -   Note 11     Provision for doubtful advances
                        -   Note 14     Deferred taxation
                        -   Note 24.6   Derivative Instruments
                        -   Note 31     Income taxes
                        -   Note 35     Employees retirement benefit plans

                        2.5       Functional and presentation currency

                        These financial statements are presented in Pakistan Rupees, which is the Bank’s functional currency. Except
                        as indicated, financial information presented in Pakistan Rupees has been rounded to the nearest thousand.

             3.         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


             3.1        Basis of consolidation

                        Subsidiaries

                        Subsidiaries are entities controlled by the Group. Control exists when the Group has the power to govern
                        the financial and operating policies of an entity so as to obtain benefits from its activities. In assessing control,
                        potential voting rights that presently are exercisable are taken into account. The financial statements of
                        subsidiaries are included in the consolidated financial statements from the date that control commences until
                        the date that control ceases.

                        Acquisitions from entities under common control

                        Business combinations arising from transfers of interests in entities that are under the control of the shareholder
                        that controls the Group are accounted for as if the acquisition had occurred at the beginning of the earliest
                        comparative period presented. For this purpose comparatives are restated. The assets and liabilities acquired
                        are recognised at the carrying amounts recognised previously in the combining entity's financial statements.

                        Other acquisitions

                        Other business combinations are accounted for by applying the purchase method. The cost of acquisition
                        is measured as the fair value of the asset given, equity instruments issued and the liabilities incurred or
                        assumed at the date of exchange, plus costs directly attributable to the acquisition. Identified assets acquired
                        are fair valued at the acquisition date, irrespective of the extent of any minority interest. The excess of cost
                        of acquisition over the fair value of identifiable net assets acquired is recorded as goodwill.




151   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007



          Transactions eliminated on consolidation

          Intra-group balances, and any unrealised income and expenses arising from intra-group transactions, are
          eliminated in preparing the consolidated financial statements. Unrealised losses are eliminated in the same
          way as unrealised gains, but only to the extent that there is no evidence of impairment.

    3.2   Cash and cash equivalents

          For the purposes of cash flow statement, cash and cash equivalents comprise of cash and balances with
          treasury bank and balances with other banks.


    3.3   Investments

          The Group classifies its investments as follows:

          a)       Held for trading

                   These are securities, which are acquired with the intention to trade by taking advantage of short
                   term market / interest rate movements and are carried at market value. The surplus / deficit arising
                   as a result of revaluation at market value is taken to income.

          b)       Held to maturity

                   These are securities with fixed or determinable payments and fixed maturity that are held with the
                   intention and ability to hold to maturity. These are carried at amortised cost.

          c)       Available for sale

                   These are investments that do not fall under the held for trading or held to maturity categories and
                   are carried at market value. The surplus / deficit arising as a result of revaluation at market value
                   is kept in a separate account below equity.

    3.4   Sale and repurchase agreements

          Securities sold subject to repurchase agreements ('repos') remain on the balance sheet; the counterparty
          liability is included in borrowings from financial institutions. Securities purchased under agreements to resell
          ('reverse repos') are recorded as lendings to financial institutions. The difference between sale and repurchase
          price is treated as interest/markup/return and accrued over the life of the agreements using the effective
          interest method.

    3.5   Advances

          Advances are stated net of provision against non-performing advances. Specific and general provisions are
          made based on an appraisal of the loan portfolio that takes into account Prudential Regulations issued by
          SBP from time to time. Specific provisions are made where the repayment of identified loans is in doubt and
          reflect an estimate of the amount of loss expected. The general provision is for the inherent risk of losses
          which, although they have not been separately identified, are known from experience to be present in any
          loan porfolio. Provision made / reversed during the year is charged to the profit and loss account and
          accumulated provision is netted off against advances. Advances are written-off when there is no realistic
          prospect of recovery.

          When the Bank is the lessor in a lease agreement that transfers substantially all of the risks and rewards
          incidental to ownership of an asset to the lessee, the arrangement is presented within loans and advances.

    3.6   Operating fixed assets - tangible

          Owned

          Operating fixed assets are stated at cost, less accumulated depreciation. Cost includes expenditure that is
          directly attributable to the acquisition of the items.

          Subsequent costs are included in the asset's carrying amount or are recognised as a separate asset, as
          appropriate, only when it is probable that future economic benefits associated with the item will flow to the
          Bank and the cost of the item can be measured reliably. All other repairs and maintenance are charged to
          profit and loss account during the financial period in which they are incurred.




                                                                                                        www.standardchartered.com.pk   152
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007



                        Land is not depreciated. Depreciation on other assets is calculated using straight line method to allocate
                        their cost to their residual values over their estimated useful lives.

                        The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet
                        date.

                        Gains and losses on disposal of fixed assets are included in profit and loss account currently.

                        Leased

                        Fixed assets held under finance lease are stated at lower of fair value of asset and present value of minimum
                        lease payments at the inception of lease less accumulated depreciation. Financial charges are allocated over
                        the period of lease term so as to provide a constant periodic rate of financial charge on the outstanding
                        liability. Depreciation is charged on the basis similar to owned assets.

             3.7        Intangible assets

                        Goodwill

                        Goodwill represents the excess of cost of an acquisition over the fair value of the share of net identifiable
                        assets acquired at the date of acquisition. Goodwill is tested annually for impairment and carried at cost less
                        accumulated impairment.

                        Computer software

                        Acquired computer software licenses are capitalised on the basis of costs incurred to acquire and bring to
                        use the specific software. These costs are amortised on the basis of the expected useful lives.

                        Acquired intangibles in business combination

                        Acquired intangibles in business combination that have finite lives are amortised over their economic useful
                        life based on the manner that benefits of the relevant assets are consumed.

             3.8        Impairment of non-financial assets

                        The carrying amounts of the Group’s non-financial assets, other than deferred tax assets, are reviewed at
                        each reporting date to determine whether there is any indication of impairment. If any such indication exists
                        then the asset’s recoverable amount is estimated. The recoverable amount of goodwill is estimated at each
                        reporting date. An impairment loss is recognised if the carrying amount of an asset or its cash-generating
                        unit exceeds its recoverable amount.

                        The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value
                        less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present
                        value using a pre-tax discount rate that reflects current market assessments of the time value of money and
                        the risks specific to the asset.

                        An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses
                        recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased
                        or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to
                        determine the recoverable amount.

             3.9        Staff retirement benefits

                        Defined benefit plan

                        The Bank operates approved funded pension and gratuity schemes for all its non-management employees
                        and pension scheme for its management employees. The employees can opt either for pension or gratuity
                        at the time of retirement / termination. The bank also operates a funded gratuity scheme for all of ex Union
                        Bank / Standard Chartered Leasing employees.

                        For defined benefit plans, the liability recognised in the balance sheet is the present value of defined benefit
                        obligation at the balance sheet date less the fair value of plan assets. The defined benefit obligation is
                        calculated annually by independent actuaries using "Projected Unit Credit Actuarial Cost Method".

                        Actuarial gains and losses that arise are recognised in shareholders' equity and are presented in the statement
                        of recognised income and expenses in the period they arise. Past service costs are recognised immediately
                        to the extent that benefits are vested and are otherwise recognised over average period until benefits are
                        vested on a straight line basis. Current service costs and any past service costs together with the expected
                        return on plan assets less the effect of the unwinding of the discount on plan liabilities are charged to operating
                        expenses.


153   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007



       Defined contribution plan

       The Bank also operates a defined contribution gratuity scheme for all its management staff and a provident
       fund scheme for all its permanent staff, contributing at rates ranging from 8.33 percent to 10 percent of basic
       salary.

3.10   Foreign currency transactions

       Transactions in foreign currencies are translated to the Pakistan Rupees at exchange rates at the dates of
       the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are
       retranslated to Pakistan Rupees at the exchange rate at that date. Foreign currency differences arising on
       retranslation are recognised in profit or loss.

       The assets and liabilities of foreign operations are translated to Pakistan Rupees at exchange rates at the
       reporting date. The income and expenses of foreign operations, are translated to Pakistan Rupees at exchange
       rates at the dates of the transactions. Foreign currency differences are recognised in the foreign currency
       translation reserve.

3.11   Taxation

       Income tax expense comprises current and deferred tax. Income tax expense is recognised in the profit and
       loss account except to the extent that it relates to items recognised directly in equity, in which case it is
       recognised in equity.

       Current tax

       Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or
       substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous
       years.

       Deferred tax

       Deferred tax is provided using the balance sheet method, providing for temporary differences between the
       carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation
       purposes. Deferred tax is not recognised for the following temporary differences: the initial recognition of
       goodwill, the initial recognition of assets or liabilities in a transaction that is not a business combination and
       that affects neither accounting nor taxable profit, and differences relating to investments in subsidiaries to
       the extent that they probably will not reverse in the foreseeable future. Deferred tax is measured at the tax
       rates that are expected to be applied to the temporary differences when they reverse, based on the laws that
       have been enacted or substantively enacted by the reporting date.


       A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be
       available against which the asset can be utilised. Deferred tax assets are reviewed at each reporting date
       and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.


3.12   Revenue recognition

       Mark-up / return on advances and investments is recognised on an accrual basis using the effective interest
       rate method, except income which warrants carry forward in compliance with the Prudential Regulations of
       the SBP and with credit policies manual of the Bank.

       The effective interest rate is the rate that exactly discounts the estimated future cash payments and receipts
       through the expected life of the financial asset or liability (or, where appropriate, a shorter period) to the
       carrying amount of the financial asset or liability. The effective interest rate is established on initial recognition
       of the financial asset and liability and is not revised subsequently.

       Fees and commission income are generally recognised on an accrual basis when the service has been
       provided. Fees and commission which in substance amount to an additional interest charge, are recognised
       over the life of the underlying transaction on a level yield basis.

       Dividend income is recognised when the right to receive income is established. Usually this is the ex-dividend
       date for equity securities.




                                                                                                          www.standardchartered.com.pk   154
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007


             3.13      Derivative financial instruments

                       Derivative financial instruments are initially recognised at fair value and are subsequently remeasured at fair
                       value. All derivative financial instruments are carried as assets when fair value is positive and liabilities when
                       fair value is negative. Any change in the fair value of derivative financial instruments is taken to profit and
                       loss account.

             3.14      Provisions

                       Provisions for restructuring costs and legal claims are recognised when: the Group has a present legal or
                       constructive obligation as a result of past events; it is more likely than not that an outflow of resources will
                       be required to settle the obligation; and the amount has been reliably estimated.

             3.15      Fiduciary activities

                       The Group commonly acts in fiduciary capacities that result in the holding or placing of assets on behalf of
                       individuals, trusts, retirement benefit plans and other institutions. These assets and income arising thereon
                       are excluded from these financial statements, as they are not assets of the Group.

             3.16      Segment reporting

                       A segment is a distinguishable component of the Group 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 Group's primary format for segment reporting is based on business segments.

             3.17      Offsetting

                       Financial assets and liabilities are set off and the net amount presented in the balance sheet when, and only
                       when, the Group has a legal right to set off the amounts and intends either to settle on a net basis or to
                       realise the asset and settle the liability simultaneously.

             3.18      Subordinated liabilities

                       Subordinated liabilities are initially measured at fair value plus transaction costs, and subsequently measured
                       at their amortised cost using the effective interest method.

             3.19      Non-current assets and disposal groups held for sale

                       Non-current assets and disposal groups comprising of assets and liabilities that are expected to be recovered
                       primarily through sale rather than continuing use are classified as held for sale. Immediately before being
                       classified as held for sale, the assets and components of disposal group are remeasured in accordance with
                       the bank's accounting policies. Thereafter, the assets and disposal group are measured at the lower of their
                       carrying values and fair values less cost to sell.

             3.20      Discontinuing operations

                       A discontinuing operation is a component of the Group's business that represents a separate major line of
                       business or geographical area of operations that has been disposed of or is held for sale. Classification as
                       a discontinuing operation occurs on disposal or when the operation meets the criteria to be classified as held
                       for sale, if earlier.

             3.21      Share-based compensation

                       The Group operates cash-settled share-based compensation plans. The fair value of the employee services
                       received in exchange for the grant of the options is recognized as an expense. Cash-settled awards are
                       revalued at each balance sheet date with any changes in fair value charged or credited to staff costs in the
                       profit and loss account.

             3.22      New standards and interpretations not yet adopted

                       The following standards, amendments and interpretations of approved accounting standards will be effective
                       for accounting periods beginning on or after 1 January 2008:

                       Revised IAS 1 - Presentation of financial statements (effective for annual periods beginning on or after 1
                       January 2009). The objective of revising IAS 1 is to aggregate information in the financial statements on the
                       basis of shared characteristics. The changes affect the presentation of owner changes in equity and of
                       comprehensive income. It introduces a requirement to include in a complete set of financial statements a
                       statement of financial position as at the beginning of the earliest comparative period whenever the entity
                       retrospectively applies an accounting policy or makes a retrospective restatement of items in its financial
                       statements, or when it reclassifies items in its financial statements.


155   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007


          Revised IAS 23 - Borrowing costs (effective from 1 January 2009). Revised IAS 23 removes the option to
          expense borrowing costs and requires that an entity capitalize borrowing costs directly attributable to the
          acquisition, construction or production of a qualifying asset as part of the cost of that asset. The application
          of the standard is not likely to have an effect on Bank's financial statements.

          IFRIC 9 - Reassessment of embedded derivatives - The IFRIC is effective during the year and will be applied
          together with application of IAS 39.

          IFRIC 11 – IFRS 2 - Group and Treasury Share Transactions (effective for annual periods beginning on or
          after 1 March 2007). IFRIC 11 requires that a share based payment arrangement in which an entity receives
          goods or services as consideration for its own equity instruments to be accounted for as equity settled share
          based payment regardless of how the equity instruments are obtained. IFRIC 11 is not expected to have any
          material impact on the Group’s financial statements.

          IFRIC 12 – Service Concession Arrangements (effective for annual periods beginning on or after 1 January
          2008). IFRIC 12 provides guidance on certain recognition and measurement issues that arise in accounting
          for public-to-private concession arrangements. IFRIC 12 is not relevant to the Group’s operations.

          IFRIC 13 - Customer Loyalty Programmes (effective for annual periods beginning on or after 1 July 2008).
          IFRIC 13 addresses the accounting by entities that operates, or otherwise participate in, customer loyalty
          programmes for their customers. The application of this IFRIC is not likely to have any material impact on
          Group's financial statements.

          IFRIC 14 IAS 19 - The Limit on Defined Benefit Asset, Minimum Funding Requirements and their interaction
          (effective for annual periods beginning on or after 1 January 2008). IFRIC 14 clarifies when refunds or
          reductions in future contributions in relation to defined benefit assets should be regarded as available and
          provides guidance on minimum funding requirements (MFR) for such asset.

    4.   BUSINESS COMBINATION

          Pursuant to a scheme of amalgamation duly approved by State Bank of Pakistan, the entire undertaking of
          Union Bank Limited and the banking trade and other trade business carried on by Standard Chartered Bank,
          a bank incorporated by Royal Charter and existing under the laws of England ("SCB") as a going concern
          at or through its permanent establishment in form of branch offices in Pakistan ("SCB Branch Business")
          were merged with and into Standard Chartered Bank (Pakistan) Limited effective 30 December 2006.

          Union Bank Limited

          On 5 September 2006, the Bank acquired 95.37 per cent of the share capital of Union Bank Limited, a listed
          bank incorporated in Pakistan. The acquired business contributed operating income of Rs. 3,045 million and
          profit before tax of Rs. 758 million to the Bank for the period from 5 September 2006 to 31 December 2006.

          If the acquisition had occurred on 1 January 2006, Union Bank Limited would have added approximately
          Rs. 8,399.079 million to Bank's operating income and Rs. 1,796.657 million to profit before tax for the period.

          Details of net assets acquired (after incorporating the adjustments referred to in note 5) and goodwill are as
          follows:

                                                                                              (Rupees in '000)
          Purchase consideration:
          –          cash paid                                                                      29,397,747
          –          shares issued                                                                    1,428,549
          –          direct costs relating to the acquisition                                            21,694
          Total purchase consideration                                                              30,847,990
          Fair value of net assets acquired                                                           4,752,680
          Goodwill                                                                                  26,095,310


          The goodwill is attributable to the significant synergies expected to arise from the development of Union
          within the Standard Chartered Group and to those intangibles, such as the branch network, which are not
          recognised separately.




                                                                                                        www.standardchartered.com.pk   156
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007



                       The assets and liabilities arising from the acquisition are as follows:
                                                                                                      Fair value              Acquiree’s
                                                                                                                               carrying
                                                                                                                               amount
                                                                                                              (Rupees in '000)

                       Cash and balances with treasury banks*                                          9,033,233               9,033,233
                       Balances with other banks                                                         887,216                 887,216
                       Lendings to financial institutions                                              5,308,728               5,308,728
                       Investments                                                                    24,234,310              24,854,316
                       Advances                                                                       67,753,671              72,890,248
                       Operating fixed assets                                                          2,653,480               1,674,388
                       Intangible assets other than goodwill                                           3,302,952                 156,459
                       Deferred tax assets                                                             2,605,871                  82,782
                       Other assets                                                                    2,901,651               3,697,864
                       Total assets                                                                  118,681,112             118,585,234

                       Bills payable                                                                   2,129,203               2,129,203
                       Borrowings from financial institutions                                         25,683,670              25,683,670
                       Deposits and other accounts                                                    79,755,915              79,110,904
                       Sub-ordinated loans                                                             2,431,167               2,496,820
                       Liabilities against assets subject to finance lease                                 1,088                   1,088
                       Other liabilities                                                               3,757,980               3,687,082
                       Total liabilities                                                             113,759,023             113,108,767

                       Minority interest                                                                 169,409
                       Net assets acquired                                                             4,752,680
                       Purchase consideration and direct costs settled in cash                        29,419,441
                       Cash and cash equivalents in subsidiary acquired                                9,920,449
                       Cash outflow on acquisition                                                    19,498,992

                       * Cash and balances at central banks include amounts subject to regulatory restrictions.

                       The intangible assets acquired as part of the acquisition of Union Bank Limited can be analysed as follows:

                                                                                                                         (Rupees in '000)

                       Brand names                                                                                                 389,400
                       Customer relationships                                                                                      774,680
                       Core deposits                                                                                             1,982,413
                       Capitalised software                                                                                        156,459
                       Total                                                                                                     3,302,952

             5.        RESTATEMENT OF PRIOR PERIODS

                       In the financial statements as at 31 December 2006, the fair value amounts in relation to the acquisition of Union
                       Bank Limited contained some provisional balances. During the year, as allowed by IFRS 3 “Business Combinations",
                       certain adjustments to these provisional balances have been made and have been accounted for as these adjustments
                       were accounted for at the date of acquisition with a corresponding adjustment to goodwill. Accordingly, goodwill
                       on acquisition has increased by Rs 506.29 million. The adjustments primarily relate to reassessment of the value
                       of certain loan assets (of the Bank and one of its subsidiary) and property acquired, together with related adjustment
                       to deferred tax assets.



157   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007



                                                                          As reported at                                Restated at
                                                                          31 December                                  31 December
                                                                               2006             Adjustment                 2006
                                                                                              (Rupees in '000)
          Advances                                                           133,016,441           (487,562)            132,528,879
          Intangible assets                                                   28,560,396             506,291             29,066,687
          Deferred tax assets                                                  2,935,518             168,258              3,103,776
          Operating fixed assets                                               3,444,094            (52,000)              3,392,094
          Unappropriated profit                                                 (642,901)          (134,987)              (777,888)

    6.    DISCONTINUING OPERATIONS

          During the year ended 31 December 2007, the Board of Directors of Standard Chartered Bank (Pakistan) Limited have
          authorised the management to approach any potential and/or interested buyers for the sale of Sri Lankan branch
          operations of Standard Chartered Bank (Pakistan) Limited and get the due diligence carried out by the interested buyer.

    7.    CASH AND BALANCES WITH TREASURY BANKS




          In hand                                                                      Note         2007                   2006
                                                                                                           (Rupees in '000)
          –    Local currency                                                          7.1        4,338,693                2,979,533
          –    Foreign currencies                                                                 1,688,979                1,035,981

          With State Bank of Pakistan in:
          –    Local currency current account                                                    15,991,723              12,229,438
          –    Local currency current account-Islamic Banking                                     1,213,982                 419,982
          –    Foreign currency deposit account
               - Cash reserve account (5% of FE 25)                                               1,363,391                1,458,525
               - Special cash reserve account (15% of FE 25)                                      1,574,866                4,363,136
               - Local US Dollar collection account                                                 124,235                   16,897
          With Other Central Bank in:
          –    Srilanka current account                                                                     -                 27,249
          With National Bank of Pakistan in:
          –    Local currency current account                                                           109                 267,028
                                                                                                 26,295,978              22,797,769
    7.1   This includes National Prize Bonds of Rs. 1.76 million (2006: Rs. 7.3 million).

    8.    BALANCES WITH OTHER BANKS
                                                                                       Note         2007                   2006
                                                                                                           (Rupees in '000)

          In Pakistan
          –     In current accounts                                                                  53,997                  107,138

          Outside Pakistan
          –    In deposit accounts                                                                        -                  378,788
          –    In current accounts                                                     8.1        1,572,520                2,909,287
                                                                                                  1,626,517                3,395,213

    8.1   This includes balances of Rs. 1,377.71 million (2006: Rs. 2,120.22 million) held with branches of Standard Chartered
          Bank PLC, UK outside Pakistan.


                                                                                                        www.standardchartered.com.pk   158
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007



             9.        LENDINGS TO FINANCIAL INSTITUTIONS

                                                                                                  Note              2007              2006
                                                                                                                       (Rupees in '000)

                       Call money lendings                                                                                  -         362,269
                       Repurchase agreement lendings (Reverse Repo)                               9.1               8,130,517         904,792
                       Certificates of Investment                                                                           -         578,000
                       Placements                                                                 9.2               7,263,272       2,107,523
                       Overdrawn vostros                                                                                   31          50,640
                                                                                                                   15,393,820       4,003,224



             9.1       These carry mark-up at rates ranging between 9.20 to 9.89 percent per annum (2006: 8.20 to 9.2 percent per annum)
                       payable at maturity and are due to mature by April 2008. The arrangements are governed under Master Repurchase
                       Agreements.

             9.2       This represents placements with the branches of the Bank at mark-up rates ranging between 3.40 and 6.25 percent
                       per annum (2006: 3.60 to 5.06 percent per annum) and are due to mature by September 2008.

             9.3       Particulars of lending                                                                       2007              2006
                                                                                                                       (Rupees in '000)


                       In local currency                                                                            8,298,433       1,939,657
                       In foreign currency                                                                          7,095,387       2,063,567
                                                                                                                   15,393,820       4,003,224


             9.4       Securities held as collateral against lendings to financial institutions

                                                                        2007                                               2006

                                                       Held by         Further           Total           Held by           Further      Total
                                                        bank           given as                           bank            given as
                                                                      collateral                                          collateral
                                                                   (Rupees in '000)                                  (Rupees in '000)


                       Market Treasury Bills          8,130,517            -          8,130,517           73,775          250,000       323,775
                       Pakistan Investment Bonds              -            -                  -          581,017                -       581,017

                                                      8,130,517            -          8,130,517          654,792          250,000       904,792


                       The market value of securities held as collateral against lendings to financial institutions amounted to Rs. 8,255 million
                       (2006:Rs. 909 million).




159   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007



10.    INVESTMENTS

                                                Note                     2007                                        2006
                                                         Held by       Given as          Total         Held by      Given as          Total
                                                          bank         collateral                       bank        collateral



                                                                   (Rupees in '000)                              (Rupees in '000)
10.1   Investments by type

       Held for trading - at amortised cost
       Pakistan Investment Bonds                          560,172               -      560,172          976               -              976


       Available for sale - at amortised cost
       Market Treasury Bills                    10.6    21,318,323              -   21,318,323    18,230,006     5,163,376       23,393,382
       Pakistan Investment Bonds                10.6    17,673,292       294,718    17,968,010     8,084,136     2,506,624       10,590,760
       Ordinary shares of listed companies      10.7         9,305              -        9,305      160,873               -         160,873
       Units / Certificates of mutual funds     10.8      210,238               -      210,238      231,551               -         231,551
       Term Finance Certificates -listed                           -            -             -     332,652               -         332,652
       Term Finance Certificates -unlisted      10.9      107,094               -      107,094      133,698               -         133,698
       Ordinary shares of unlisted companies 10.10         86,818               -       86,818       99,572               -           99,572
       Wapda Sukuk Bonds                        10.6      686,125               -      686,125             -              -                   -


       Held To Maturity
       Pakistan Investment Bonds                          166,367               -      166,367      218,291               -         218,291
       Term Finance Certificates -listed        10.11        3,453              -        3,453         5,756              -            5,756
       Term Finance Certificates -unlisted      10.12      20,080               -       20,080       23,777               -           23,777
       Investments at amortised cost                    40,841,267       294,718    41,135,985    27,521,288     7,670,000       35,191,288
       Provision for diminution in
        the value of investments                10.5       (2,632)              -       (2,632)      (2,401)              -           (2,401)
       Investments (Net of Provisions)                  40,838,635       294,718    41,133,353    27,518,887     7,670,000       35,188,887
       Surplus on revaluation of
        held for trading securities                        (3,326)              -       (3,326)           5               -                   5
       Deficit on revaluation of
        available for sale securities                    (403,474)        (8,687)     (412,161)    (331,266)     (156,647)         (487,913)
       Total Investments at market value                40,431,835       286,031    40,717,866    27,187,626     7,513,353       34,700,979




                                                                                                                   www.standardchartered.com.pk   160
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007



      10.2     Investments by segment                                                                        2007            2006
                                                                                                                (Rupees in '000)
               Federal Government Securities
               - Market Treasury Bills                                                                   21,318,323       23,393,382
               - Pakistan Investment Bonds                                                               18,694,549       10,810,027
               - Wapda Sukook Bonds                                                                         686,125                -

               Fully paid up Ordinary Shares
               - Listed Companies                                                                             9,305          160,873
               - Unlisted Companies                                                                          86,818           99,572

               Bonds and Participation Term Certificates
               - Listed TFCs etc.                                                                             3,453          338,408
               - Unlisted TFCs etc.                                                                         127,174          157,475

               Other investments (Mutual Funds)                                                             210,238          231,551
               Total investment at cost                                                                  41,135,985       35,191,288
               Less: Provision for diminution in the value of investments                                    (2,632)          (2,401)
                                                                                                         41,133,353       35,188,887

               Surplus on revaluation of held for trading securities                                          (3,326)              5
               Deficit on revaluation of available for sale securities                                     (412,161)        (487,913)
                                                                                                         40,717,866       34,700,979



      10.3     Investments include securities having book value of Rs. 18.63 million (2006: Rs. 18.63 million) pledged with the SBP as
               security to facilitate T.T. discounting facility to Pakistan branches of the Bank, including an amount earmarked against
               the facilities allocated to branches now in Bangladesh.

      10.4     Market Treasury Bills, Federal Investment Bonds and Pakistan Investment Bonds are eligible for discounting with the SBP.

      10.5     Particulars of Provision
                                                                                                             2007            2006
                                                                                                                (Rupees in '000)

               Opening Balance                                                                                 2,401                -
               Acquisition                                                                                         -            2,499
               Charge for the year                                                                               231               45
               Reversals                                                                                           -             (143)
               Closing Balance                                                                                 2,632            2,401

      10.5.1   Particulars of provision



               Fully paid-up Ordinary Shares - Listed                                                            519               45
               Term Finance Certificate                                                                        2,113            2,356
                                                                                                               2,632            2,401




161   SCBP Annual Report 2007
               Standard Chartered Bank (Pakistan) Limited
               Notes to the Consolidated Financial Statements
               For the year ended 31 December 2007

10.6   Quality of Available for sale securities                                                   2007                                          2006
                                                                                    Rating    Cost             Market value   Rating         Cost             Market value
                                                                                                (Rupees in ‘000)                               (Rupees in ‘000)

       Federal government securities
       - Market Treasury Bills                                                     Unrated   21,318,323         21,300,912    Unrated      23,393,382         23,419,908
       - Pakistan Investment Bonds                                                 Unrated   17,968,010         17,542,398    Unrated      10,590,760         10,085,355
       Guaranteed by Federal Government Wapda Sukook Bonds                         Unrated     686,125             685,999                          -                       -
                                                                                             39,972,458         39,529,309                 33,984,142         33,505,263


10.7   Particulars of shares held - listed - Available for sale

        2007             2006
          (Number of shares)

                 -        8,999      Askari Commercial Bank Limited                                   -                  -    AA+/A1+            857                 945
                 -        2,645      Bank Al-Falah Limited                                            -                  -     AA/A1+            119                 111
               87       13,101       Bank Of Punjab Limited                        AA/A1+            5                   9     AA/A1+          1,192               1,326
                 -       15,898      Fauji Fertilizer Bin Qasim Limited                               -                  -    Unrated            430                 453
                 -        4,156      Fauji Cement Limited                                             -                  -    Unrated             84                   63
                 -       56,613      Fauji Fertilizer Company Limited                                 -                  -    Unrated          6,674               5,976
                 -       19,135      Faysal Bank Limited                                              -                  -     AA/A1+          1,248               1,158
              437        41,171      Hub Power Company                             Unrated          12                  13    Unrated          1,061               1,111
                 -        5,826      Lucky Cement                                                     -                  -    Unrated            593                 349
                 -        8,921      MCB Bank Limited                                                 -                  -    AA+/A1+          2,255               2,195
                 -        6,830      National Bank of Pakistan Limited                                -                  -    AAA/A1+          1,757               1,531
                 -        4,270      PICIC Commercial Bank Limited                                    -                  -     A+/ A1            143                 144
                 -        8,539      Oil & Gas Development Corporation Limited                        -                  -    AAA/A1+          1,134                 980
                 -           17      Packages Limited                                                 -                  -     AA/A1+              3                    4
                 -        5,137      Pak Oil Fields Limited                                           -                  -    Unrated          1,690               1,797
                 -        2,539      Pakistan Petroleum Limited                                       -                  -    Unrated            606                 589
                 -        5,639      Prime Commercial Bank Limited                                    -                  -      A+/A1            297                 274
                 -       16,106      Pakistan State Oil Limited                                       -                  -    AAA/A1+          5,125               4,735
                 -     290,349       Pakistan Telecommunication Company Limited                       -                  -    Unrated         19,273              12,863
               20        13,373      Brothers Textile Mills Limited                Unrated            -                  -    Unrated             40                   38
                 -        3,635      BOC Pakistan Limited                                             -                  -    Unrated            506                 513
                 -     147,402       Colony Mills Limited                                             -                  -    Unrated          1,088               1,282
                 -       13,367      Escort Investment Bank Limited                                   -                  -       A/A1            226                181
               94         2,194      First Invest Modarba                          Unrated            -                  -    Unrated              3                    4
                 -        7,935      Kot Addu Power Company                                           -                  -    Unrated            341                 323
                 -        8,828      Kohinoor Industries Limited                                      -                  -    Unrated            124                   96
                 -        4,106      Muhammad Farooq Textile Mills Limited                            -                  -    Unrated             25                   24
                 -        4,360      Mirza Sugar Mills Limited                                        -                  -    Unrated             12                   12
         260,000          7,008      Pakistan PTA Limited                          Unrated       8,674             10,933     Unrated             40                   34
                 -        2,259      Pakistan Synthetics Limited                                      -                  -    Unrated             20                   16
               80        11,080      Southern Electric Power Company               Unrated           1                   -    Unrated             70                   66
                 -        2,035      Saudi Pak Commercial Bank Limited                                -                  -       R/W              38                   35
           10,720        10,720      Sahrish Textile Mills Limited                 Unrated          19                  19    Unrated             19                   18
                 -        2,164      Yousaf Weaving Mills Limited                                     -                  -    Unrated             11                   12
                 -        9,400      Sakrand Sugar Mills Limited                                      -                  -    Unrated             29                   30
            3,500         3,500      Bawany Sugar Mills Limited                    Unrated          18                  18    Unrated             25                   26
           13,700        13,700      Dadabhoy Cement Industries Limited            Unrated          82                105     Unrated             91                   82
            6,000         6,000      Khurshid Spinning Mills Limited               Unrated          11                  11    Unrated             10                   10
            4,400         4,400      Taj Textile Limited                           Unrated           7                   7    Unrated             11                   12
              360    9,379,860       World Call Telecommunication Limited          A+/A1             3                   6      A+/A1        110,380             100,830
                 -       87,530      Gulistan Textile Limited                                         -                 -     Unrated          1,393               1,747
         183,000       183,000       AMZ Ventures Limited                          Unrated         443                897     Unrated          1,830                 769
            9,400                -   Sarkand Sugar Mills                           Unrated          30                  32                         -                    -
                                                                                                 9,305             12,050                    160,873             142,764
       All shares are ordinary shares of Rs. 10 each except otherwise mentioned.




                                                                                                                                        www.standardchartered.com.pk            162
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007
                                                                                          2007                                         2006
                                                                             Rating   Cost             Market value       Rating    Cost             Market value
                                                                                        (Rupees in ‘000)                              (Rupees in ‘000)




  10.8    Particulars of Units/ Certificates held in Mutual funds

           2007              2006
              (Number of units)

                   -      25,171     PICIC Growth Fund (ICP Bonus)                          -                  -      MFR 3-Star        789                 709
                   -      13,685     PICIC Investment Fund (ICP Bonus)                      -                  -      MFR 3-Star        208                 199
                   -      12,911     Pakistan Premier Fund (ICP Bonus)                      -                  -           5-Star       167                 168
                494       22,494     UTP- Growth Fund (ICP Bonus)         Unrated          6                   6         Unrated        306                 292
           1,787,697   3,889,697     UTP Large Capital Fund               4-Star       17,877             14,480         Unrated     29,757              31,116
               5,250        5,250    Pakistan Capital Market Fund         3-Star          60                  74           5-Star        62                  59
           3,520,719     800,000     AMZ Plus Income Fund                 A(F)         82,499             90,419             A(F)    73,001              85,015
           1,000,000   1,000,000     AMZ Plus Stock Fund                  Unrated     100,000           112,060            4-Star    97,840              97,150
              17,435     219,235     National Investment Trust            4-Star        2,150             13,528           4-Star     2,172               9,834
             505,000     580,750     First Dawood Mutual Fund             4-Star        3,896              4,501           4-Star     5,000               3,688
             375,000   2,500,000     Pakistan Strategic Allocation Fund   4-Star        3,750              3,413           5-Star    22,249              21,250
                                     Total Mutual Funds                               210,238           238,481                     231,551             249,480




163      SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007

                                                                                                              2007           2006
                                                                                                                (Rupees in '000)
10.9 Particulars of unlisted TFCs - Available for sale

                                                                                                    Rating

     Dewan Cement Limited                                                                           A/A1       57,014               71,148
     Coupon @ 6 months Kibor +2.5% Semi Annually; Term: 7 years maturing on 15 July 2011.
     Chief Executive: Dewan Muhammad Yousuf Farooqui

     Dewan Hattar Cement Limited                                                                    Unrated    50,080               62,550
     Coupon @ 6 months Kibor +2.5% Semi Annually; Term: 7 years maturing on 15 July 2011.
     Chief Executive: Dewan Muhammad Yousuf Farooqui
                                                                                                              107,094             133,698

10.10 Particulars of shares held - Unlisted
         2007          2006
                                                                                 2007               2006        2007              2006
        (Number of Shares)                                                                Rating                   (Rupees in '000)


             -       39,675   Investment Corporation of Pakistan Limited           -               AA/A1+            -              12,726
                              Ordinary Shares of Rs. 100 each
                              Chief Executive; Tariq Iqbal Khan

            80           80   Khushali Bank Limited                              A-/A-1            A-/A-1      83,088               83,088
                              Ordinary Shares of Rs. 1,000,000 each
                              Chief Executive; M. Ghalib Nishtar

      573,769      573,769    Pakistan Export Finance Guarantee Agency Limited   Unrated           Unrated      2,835                2,835
                              Chief Executive; S.M. Zaeem

             8            8   Society for Worldwide Interbank                    Unrated           Unrated        895                  895
                              Fund Transfer


             -          500   Credit Information Bureau of Sri Lanka                               Unrated           -                  28
                              (classified as held for sale)
                                                                                                               86,818               99,572

10.11 Particulars of listed TFCs - Held to maturity



     Al-Zamin Leasing Modarba                                                    A-                A-           1,700                3,400
     Crescent Investment Bank                                                    BBB               BBB          1,753                2,356
                                                                                                                3,453                5,756




10.12 Particulars of unlisted TFCs - Held to Maturity


     Dewan Cement Limited                                         TFC Series A   A/A1              A/A1         9,277               11,577
     Coupon @ 6 months Kibor +2.5% Semi Annually; Term: 7
      years maturing on 15 July 2011.
     Chief Executive: Dewan Muhammad Yousuf Farooqui

     Dewan Cement Limited                                         TFC Series B   A/A1              A/A1         3,552                3,552
     Term: 9 years maturing on 15 July 2013.
     Chief Executive: Dewan Muhammad Yousuf Farooqui

     Dewan Hattar Cement Limited                                  TFC Series A   Unrated           Unrated      5,613                7,010
     Coupon @ 6 months Kibor +2.5% Semi Annually; Term: 7
      years maturing on 15 July 2011.
     Chief Executive: Dewan Muhammad Yousuf Farooqui

     Dewan Hattar Cement Limited                                  TFC Series B   Unrated           Unrated      1,638                1,638
     Term: 9 years maturing on July15, 2013.
     Chief Executive: Dewan Muhammad Yousuf Farooqui
                                                                                                               20,080               23,777


                                                                                                               www.standardchartered.com.pk   164
       Standard Chartered Bank (Pakistan) Limited
       Notes to the Consolidated Financial Statements
       For the year ended 31 December 2007


      11       ADVANCES                                                    Note    2007                      2006
                                                                                          (Rupees in '000)


               Loans, cash credits, running finances, etc.
                   - In Pakistan                                                  129,924,620           131,617,911
                   - Outside Pakistan                                                        -                 873,929
                                                                                  129,924,620           132,491,840
               Net Investment in Finance Lease
               - In Pakistan                                                        1,474,768                 4,537,074




               Bills discounted and purchased (excluding treasury bills)
                   - Payable in Pakistan                                              568,009                 2,335,038
                   - Payable outside Pakistan                                       2,732,487                 2,941,080
                                                                                    3,300,496                 5,276,118
                   Advances-gross                                                 134,699,884           142,305,032
               Provision for non-performing advances                       11.3   (11,911,901)               (9,776,153)
               Advances - net of provision                                        122,787,983           132,528,879




      11.1     Particulars of advances


      11.1.1   In local currency                                                  113,830,099           125,055,030
               In foreign currencies                                                8,957,884                 7,473,849
                                                                                  122,787,983           132,528,879


      11.1.2   Short term (for upto one year)                                     93,974,401                 81,667,775
               Long term (for over one year)                                       28,813,582                50,861,104
                                                                                  122,787,983           132,528,879




165   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007


11.2      Net Investment In Finance Lease
                                                                                      2007                                                                  2006
                                                           Not later      Later than          Over                      Total       Not later    Later than         Over              Total
                                                             than          one and            five                                    than        one and            five
                                                           one year        less than         years                                  one year     less than          years
                                                                           five years                                                            five years
                                                                               Rypees in ‘000                                                        Rypees in ‘000


       Lease rentals receivable                           784,099          519,929              218              1,304,246       2,009,312      2,151,606              474       4,161,392

       Residual value                                     232,201          153,970               64                386,235         459,238       753,834             2,571       1,215,643

       Minimum lease payments                            1,016,300         673,899              282              1,690,481       2,468,550      2,905,440            3,045       5,377,035

       Financial charges for future periods               138,820           76,886                       7         215,713         454,226       385,634               101         839,961

       Present value of minimum lease payments            877,480          597,013              275              1,474,768       2,014,324      2,519,806            2,944       4,537,074




11.3      Advances include Rs. 10,990.452 million (2006: Rs. 8,896.026 million) which have been placed under non-performing
          status as detailed below:

                                                                                                                   2007
                                                    Classified advances                                  Provision required                                   Provision held
                                              Domestic    Overseas            Total      Domestic              Overseas             Total        Domestic          Overseas          Total
                                                                                                             (Rupees in '000)


       Category of classification
       OAEM                                   135,489        -           135,489             13,280                 -             13,280            13,280             -           13,280
       Substandard                        3,049,969          -          3,049,969        789,933                    -            789,933           789,933             -          789,933
       Doubtful                           2,737,446          -          2,737,446       2,049,776                   -           2,049,776         2,049,776            -         2,049,776
       Loss                               5,067,548          -          5,067,548       4,971,275                   -           4,971,275         4,971,275            -         4,971,275
                                         10,990,452          -         10,990,452       7,824,264                   -           7,824,264         7,824,264            -         7,824,264
       General provision                            -        -                  -                    -              -                     -       4,087,637            -         4,087,637
                                         10,990,452          -         10,990,452       7,824,264                   -           7,824,264        11,911,901            -        11,911,901


                                                                                                                   2006
                                                    Classified advances                                  Provision required                                   Provision held
                                              Domestic    Overseas           Total       Domestic              Overseas           Total          Domestic          Overseas          Total
                                                                                                             (Rupees in '000)



       OAEM                                   223,473            -       223,473             77,709                      -         77,709            77,709                 -       77,709
       Substandard                        2,093,690              -     2,093,690         589,534                         -       589,534            589,534                 -     589,534
       Doubtful                           2,032,551         3,212      2,035,763        1,106,524                 3,212         1,109,736         1,106,524          3,212       1,109,736
       Loss                               4,218,907       324,193      4,543,100        4,026,857              284,056          4,310,913         4,026,857        284,056       4,310,913
                                          8,568,621       327,405      8,896,026        5,800,624              287,268          6,087,892         5,800,624        287,268       6,087,892
       General provision                            -            -              -                    -                   -                -       3,687,225          1,036       3,688,261
                                          8,568,621       327,405      8,896,026        5,800,624              287,268          6,087,892         9,487,849        288,304       9,776,153




                                                                                                                                                     www.standardchartered.com.pk             166
           Standard Chartered Bank (Pakistan) Limited
           Notes to the Consolidated Financial Statements
           For the year ended 31 December 2007


         11.4     Particulars of provision against non-performing advances:
                                                                      2007                                           2006
                                                Specific              General          Total       Specific         General        Total
                                                               (Rupees in '000)                                (Rupees in '000)

                  Opening balance               6,087,892            3,688,261       9,776,153      332,100          282,730       614,830
                  Acquisition                              -                    -              -   4,860,254       3,396,588      8,256,842
                  Charge for the year           5,759,526              723,772       6,483,298     1,661,036         (27,351)     1,633,685
                  Reversals                                -          (324,396)      (324,396)     (112,514)                  -   (112,514)
                                                5,759,526              399,376       6,158,902     1,548,522         (27,351)     1,521,171
                  Amounts written off          (3,734,850)                      -   (3,734,850)    (629,892)                  -   (629,892)
                  Other movements               (288,304)                       -    (288,304)      (23,092)          36,294        13,202
                  Closing balance               7,824,264            4,087,637      11,911,901     6,087,892       3,688,261      9,776,153




         11.5     Particulars of provision against non-performing advances:

                                                                      2007                                           2006
                                                Specific              General          Total       Specific         General        Total
                                                               (Rupees in '000)                                (Rupees in '000)

                  In Local Currency             7,824,264            4,087,637      11,911,901     6,041,283       3,687,225      9,728,508
                  In Foreign Currency                   -                    -               -        46,609           1,036         47,645
                                                7,824,264            4,087,637      11,911,901     6,087,892       3,688,261      9,776,153



                                                                                                               2007             2006
                                                                                                                  (Rupees in '000)
         11.6     Particulars of write offs:

         11.6.1 Against provisions                                                                             3,734,850          629,892
                Directly charged to profit and loss account                                                            -          206,099
                                                                                                               3,734,850          835,991

         11.6.2 Write-offs of Rs. 500,000 and above                                                              417,021            71,319
                Write-offs of below Rs. 500,000                                                                3,317,829           764,672
                                                                                                               3,734,850           835,991

         11.7     Details of loans written-off of Rs. 500,000 and above:

                  In terms of sub-section (3) of section 33A of the Banking Companies Ordinance, 1962, the statement in respect of
                  written-off loans or any other financial relief of five hundred thousand rupees or above allowed to a person(s) during
                  the year ended 31 December 2007 is given in Annexure 1.




167   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007



11.8   Particulars of loans and advances to directors, associated companies, etc.
                                                                            Note      2007             2006
                                                                                         (Rupees in '000)

       (i)   Debts due by directors, executives or officers of the bank or any of
             them either severally or jointly with any other persons
                 Balance at beginning of the year                                     2,420,172       1,012,724
                 Acquisition                                                                   -      1,323,199
                 Loans granted during the year                                         983,129          784,748
                 Repayments                                                          (1,238,687)       (700,499)
                 Balance at end of the year                                           2,164,614       2,420,172




12     OPERATING FIXED ASSETS


       Capital work-in-progress                                               12.1     257,841          212,289
       Property and equipment                                                 12.2    3,490,558       3,169,235
       Assets leased out                                                                       -         10,570
                                                                                      3,748,399       3,392,094
12.1   Capital work-in-progress


       Civil works                                                                       44,330          44,745
       Advance payment towards property and equipments                                 194,768          118,467
       Consultants fee and other charges                                                 18,743          49,077
                                                                                       257,841          212,289




                                                                                               www.standardchartered.com.pk   168
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007



      12.2      Property and equipment
                                                                     Owned                                             Held under finance lease


                                              Land and       Land and            Furniture,
                                             buildings on   buildings on       fixtures and                         Computer
                                               freehold      leasehold              office           Vehicles       equipment            Vehicle         Total
                                                 land           land            equipment
                                                                                         (Rupees in '000)

                Cost
                At 1 January 2007             2,497,284       493,315          2,368,311             233,269         282,087              3,054       5,877,320
                Additions during the year       380,378               -          628,962              66,546                -                     -   1,075,886
                Transfers/Write offs            (39,528)              -           (4,401)             (3,433)       (282,087)            (3,054)      (332,503)
                Adjustments                     (58,812)              -             9,719                   258             -                     -    (48,835)
                Deletions                              -              -          (36,602)          (101,213)                -                     -   (137,815)
                At 31 December 2007           2,779,322       493,315          2,965,989             195,427                -                     -   6,434,053


                Depreciation
                At 1 January 2007               639,097       208,288          1,530,223              71,836         256,655              1,986       2,708,085
                Charge for the year             100,051        55,074            398,727              41,061          25,432                      -    620,345
                Transfers/ Writeoffs            (24,740)              -           47,157              (1,510)       (282,087)            (1,986)      (263,166)
                Adjustments                     (58,812)              -             9,719                   258             -                     -    (48,835)
                Deletions                              -              -          (33,955)            (38,979)               -                     -    (72,934)
                At 31 December 2007             655,596       263,362          1,951,871              72,666                -                     -   2,943,495


                Net book value                2,123,726       229,953          1,014,118             122,761                -                     -   3,490,558


                Cost
                At 1 January 2006                87,174       261,751            817,693               6,481         208,117                      -   1,381,216
                Acquisition                   2,402,708               -        1,297,466             235,384          73,970              3,195       4,012,723
                Additions during the year         8,208       233,740            259,998              20,602                -                     -    522,548
                Transfers/Write offs                   -              -                  -                    -             -                     -              -
                Adjustments                        (116)              -              (785)                   (2)            -              (141)        (1,044)
                Deletions                          (690)       (2,176)            (6,061)            (29,196)               -                     -    (38,123)
                At 31 December 2006           2,497,284       493,315          2,368,311             233,269         282,087              3,054       5,877,320


                Depreciation
                At 1 January 2006                47,415       171,966            623,404               5,687         189,240                      -   1,037,712
                Acquisition                     534,223               -          777,410              61,680          60,267              1,871       1,435,451
                Charge for the year              58,149        38,232            134,849              15,615           7,148                178        254,171
                Transfers/ Writeoffs                   -              -                  -                    -             -                     -              -
                Adjustments                            -              -              (469)                    -             -               (63)          (532)
                Deletions                          (690)       (1,910)            (4,971)            (11,146)               -                     -    (18,717)
                At 31 December 2006             639,097       208,288          1,530,223              71,836         256,655              1,986       2,708,085


                Net book value                1,858,187       285,027            838,088             161,433          25,432              1,068       3,169,235


                Rate of depreciation        5% - 6.67%          6.67%        10% - 33.33%               20%        20% - 33.33%            20%




169   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007

12.2.1   Depreciation rates for furniture, fixtures and office equipment are as follows:

         Furniture and fixtures                                                                               10 - 20                 percent
         Printers                                                                                                20                   percent
         Other office equipment                                                                                 20                    percent
         Computer equipment                                                                                  20 - 33.33               percent


12.3     Details of disposal of assets whose original cost or the book value exceeds Rs. 1 million or Rs 250,000, which ever is lesser and assets disposed off to the chief executive or to a director
         or to executives or to shareholder holding not less than 10% of the voting shares of the bank or to any related party, irrespective of value, are given below:

         Particulars                                  Cost          Accumulated       Book Value        Sale      Gain / (Loss)       Mode of              Particulars of Purchaser
                                                                    Depreciation                     Proceeds       on Sale           Disposal
                                                                                           (Rupees in '000)

         Plant & Equipment                            13,877               13,877              -          201                201      By Tender            Rizwan Compressor Repairing
         Furniture & Fixture                           5,675                5,675              -           90                  90     By Tender            M/s. Ilyas Hussain Soomro
         Motor Vehicles                                5,555                1,204          4,351        4,259                 (92)    Under Agreement      Mr.Shaukat Tarin - Employee
         Furniture & Fixture                           5,082                4,963            119          155                  36     By Tender            M/s.Adam Traders
         Motor Vehicles                                4,458                3,938            520          800                280      Under Agreement      Mr.Shaukat Tarin - Employee
         Furniture & Fixture                           3,733                1,941          1,795          485             (1,310)     By Tender            M/s. Farhan & Company
         Plant & Equipment                             3,719                3,148            571           48               (523)     By Tender            M/s. Farhan & Company
         Motor Vehicles                                2,590                2,590              -          702                702      Under Agreement      Car TrackSale Of Vehicle LXZ - 15
         Furniture & Fixture                           1,721                1,721              -          120                120      By Tender            M/s.Ilyas Hussain Soomro
         Motor Vehicles                                1,398                  652            746          792                  46     Under Agreement      Mr.Azmat Tarin - Employee
         Motor Vehicles                                1,287                  472            815          794                 (21)    Under Agreement      Mr.Asim Tufail - Employee
         Motor Vehicles                                1,248                  654            594          603                    9    Under Agreement      Mr.Naeem Awan - Employee
         Motor Vehicles                                1,228                  939            289          184               (105)     Under Agreement      Mr.Arjumand Minai - Employee
         Computer Equipment                            1,171                1,109             62           85                  23     By Tender            M/s. Adam Traders
         Motor Vehicles                                1,117                  335            782          748                 (34)    Under Agreement      Mr.Mohammad Naeem Khan - Employee
         Office Equipment                              1,089                1,077             12           15                    3    By Tender            M/s. Farhan & Company
         Motor Vehicles                                1,043                  315            728          751                  23     Under Agreement      Mr.Muhammad Akram - Employee
         Motor Vehicles                                1,042                  416            626          667                  41     Under Agreement      Mr.Arif Mumtaz - Employee
         Motor Vehicles                                1,042                  416            626          645                  19     Under Agreement      Mr.Mansoor Mukhtar - Employee
         Motor Vehicles                                1,042                  313            729          764                  35     Under Agreement      Mr.Mujtaba Naqvi - Employee
         Motor Vehicles                                1,042                  216            826          819                   (7)   Under Agreement      Mr.Raza Said - Employee
         Motor Vehicles                                1,038                  430            608          653                  45     Under Agreement      Mr.Kamran Bashir - Employee
         Motor Vehicles                                1,038                  347            691          692                    1    Under Agreement      Mr.Abdul Mateen - Employee
         Motor Vehicles                                1,038                  365            673          664                   (9)   Under Agreement      Mr.Asad Humayun - Employee
         Motor Vehicles                                1,038                  200            838          789                 (49)    Under Agreement      Mr.Sohail A. Awan - Employee
         Motor Vehicles                                1,038                   52            986          882               (104)     Under Agreement      Mr.Khawar Mahmood - Employee
         Motor Vehicles                                1,038                  398            640          692                  52     Under Agreement      Mr.Shahid Ayub Bhatti - Employee
         Motor Vehicles                                  936                  203            733          724                   (9)   Under Agreement      Ms.Scellina Nawaz Butt - Employee
         Motor Vehicles                                  936                  234            702          764                  62     Under Agreement      Mr.Irfan Jamil - Employee
         Motor Vehicles                                  936                  234            702          674                 (28)    Under Agreement      Mr.Ali Kashif Rizvi - Employee
         Motor Vehicles                                  935                  218            717          710                   (7)   Under Agreement      Mr.Syed Ghaus Ahmed - Employee
         Motor Vehicles                                  917                  351            566          557                   (9)   Under Agreement      Mr.Mureed Hussain - Employee
         Motor Vehicles                                  886                  295            591          614                  23     Under Agreement      Mr.Khalid Zafar - Employee
         Motor Vehicles                                  885                  207            678          590                 (88)    Under Agreement      Mr.Ehsan Fazil Khan - Employee
         Motor Vehicles                                  885                  280            605          637                  32     Under Agreement      Mr.Shahid Kaidwai - Employee
         Motor Vehicles                                  885                  325            560          578                  18     Under Agreement      Mr.Shariq Abidi - Employee
         Motor Vehicles                                  881                  322            559          572                  13     Under Agreement      Mr.Naeem Awan - Employee
         Motor Vehicles                                  881                   59            822          681               (141)     Under Agreement      Mr.Qasim Rizvi - Employee
         Motor Vehicles                                  881                   88            793          681               (112)     Under Agreement      Mr.Ahmed Javaid Malik - Employee
         Motor Vehicles                                  845                  394            451          505                  54     Under Agreement      Mr.Naseer Hussain - Employee
         Motor Vehicles                                  844                  548            296          410                114      Under Agreement      Mr.Syed Adnan Haider - Employee
         Motor Vehicles                                  835                  292            543          515                 (28)    Under Agreement      Mr.Asim Tufail - Employee
         Motor Vehicles                                  791                  395            396          410                  14     Under Agreement      Mr.Shahid Malik - Employee
         Motor Vehicles                                  749                  322            427          479                  52     Under Agreement      Mr.Qamar Saeed - Employee
         Motor Vehicles                                  749                  361            388          447                  59     Under Agreement      Mr.Javed Munshi - Employee
         Motor Vehicles                                  739                  333            406          407                    1    Under Agreement      Mr.Awais Talmiz - Employee
         Motor Vehicles                                  739                  480            259          366                107      Under Agreement      Mr.Sayed Ahmed Hasne - Employee
         Motor Vehicles                                  675                  675              -          221                221      Under Agreement      Mr.Mohammad Naeem Khan - Employee
         Motor Vehicles                                  670                  156            514          396               (118)     Under Agreement      Mr.Hassan Iftikhar - Employee
         Motor Vehicles                                  642                  161            481          411                 (70)    Under Agreement      Mr.Muhammad Kashif Akram - Employee
         Motor Vehicles                                  640                  192            448          396                 (52)    Under Agreement      Mr.Waseem Irshad - Employee
         Motor Vehicles                                  620                  217            403          385                 (18)    Under Agreement      Mr.Agha Mohammed - Employee
         Motor Vehicles                                  570                   48            522          476                 (46)    Under Agreement      Mr.Agha Naveed Haider - Employee
         Motor Vehicles                                  560                  112            448          381                 (67)    Under Agreement      Mr.Farhan Hassan - Employee
         Motor Vehicles                                  560                  112            448          426                 (22)    Under Agreement      Mr.Zuhair M Ismail - Employee
         Motor Vehicles                                  560                  112            448          426                 (22)    Under Agreement      Mr.Sohail Akhtar - Employee
         Motor Vehicles                                  560                  140            420          388                 (32)    Under Agreement      Mr.Qalab Hussain - Employee
         Motor Vehicles                                  560                  121            439          426                 (13)    Under Agreement      Mr.Omer Bin Javaid - Employee
         Motor Vehicles                                  560                  102            458          400                 (58)    Under Agreement      Mr.Arshad Khan - Employee
         Motor Vehicles                                  560                   65            495          418                 (77)    Under Agreement      Mr.Sajid Hassan - Employee
         Motor Vehicles                                  560                  149            411          418                    7    Under Agreement      Ms.Zainab Ali Fatima - Employee




                                                                                                                                                            www.standardchartered.com.pk                 170
              Standard Chartered Bank (Pakistan) Limited
              Notes to the Consolidated Financial Statements
              For the year ended 31 December 2007


                 Particulars                       Cost      Accumulated    Book Value       Sale    Gain / (Loss)    Mode of           Particulars of Purchaser
                                                             Depreciation                 Proceeds     on Sale        Disposal
                                                                                (Rupees in '000)

                 Motor Vehicles                        560           233          327         346              19     Under Agreement   Mr.Zaheer Anwar Iqbal - Employee
                 Motor Vehicles                        560           112          448         418             (30)    Under Agreement   Mr.Furqan Ahmed - Employee
                 Motor Vehicles                        560           177          383         335             (48)    Under Agreement   Mr.Arif Mehtab - Employee
                 Motor Vehicles                        560           134          426         426                 -   Under Agreement   Mr.Zafar Ul Hassan - Employee
                 Motor Vehicles                        560            89          471         396             (75)    Under Agreement   Mr.Mohsan Zia - Employee
                 Motor Vehicles                        560           179          381         403              22     Under Agreement   Mr.Rabel Sadozai - Employee
                 Motor Vehicles                        560           250          310         329              19     Under Agreement   Mr.Muhammad Usman - Employee
                 Motor Vehicles                        560           108          452         441             (11)    Under Agreement   Mr.Umer Waheed Khan - Employee
                 Motor Vehicles                        560           134          426         426                 -   Under Agreement   Mr.Mohsin Amjad - Employee
                 Motor Vehicles                        560            75          485         485                 -   Under Agreement   Mr.Amin H. Bhojani - Employee
                 Motor Vehicles                        560            75          485         411             (74)    Under Agreement   Mr.Junaid A. Bachani - Employee
                 Motor Vehicles                        560            65          495         467             (28)    Under Agreement   Mr.Omer Rashid Puri - Employee
                 Motor Vehicles                       560            121         439         433                (6)   Under Agreement   Mr.S.Kauzal Ali - Employee
                 Motor Vehicles                        560           177          383         388                5    Under Agreement   Mr.Hassan Kazmi - Employee
                 Motor Vehicles                        560            75          485         485                 -   Under Agreement   Mr.Amir Mujahid - Employee
                 Motor Vehicles                        560            93          467         467                 -   Under Agreement   Mr.Muhammad Ali Mazhar - Employee
                 Motor Vehicles                        560            84          476         467               (9)   Under Agreement   Mr.Mustafa Kamal - Employee
                 Motor Vehicles                        560           131          429         418             (11)    Under Agreement   Mr.Adeel Abbas - Employee
                 Motor Vehicles                        560           205          355         373              18     Under Agreement   Mr.Saeed Akhtar - Employee
                 Motor Vehicles                        560            56          504         448             (56)    Under Agreement   Mr.Mirza Ali Raza - Employee
                 Motor Vehicles                        560            93          467         457             (10)    Under Agreement   Mr.Arnawaz Kersi - Employee
                 Motor Vehicles                        560           149          411         388             (23)    Under Agreement   Mr.Sohail Abbas - Employee
                 Motor Vehicles                        560            75          485         403             (82)    Under Agreement   Mr.Munir Kharadi - Employee
                 Motor Vehicles                        560            56          504         467             (37)    Under Agreement   Mr.Muhammad Ali - Employee
                 Motor Vehicles                        560            56          504         411             (93)    Under Agreement   Mr.Khushdil Shahbaz - Employee
                 Motor Vehicles                        560           187          373         352             (21)    Under Agreement   Mr.S Umer Adil Madni - Employee
                 Motor Vehicles                        560           121          439         448                9    Under Agreement   Mr.Arsalan ur Rab - Employee
                 Motor Vehicles                        560            56          504         448             (56)    Under Agreement   Mr.Sheikh Anwar Ali - Employee
                 Motor Vehicles                        560           103          457         433             (24)    Under Agreement   Mr.Muhammad Muntazir - Employee
                 Motor Vehicles                        560           159          401         346             (55)    Under Agreement   Ms.Nilofer Ali - Employee
                 Motor Vehicles                        560            65          495         441             (54)    Under Agreement   Mr.Malik Muhammad Ghaus - Employee
                 Motor Vehicles                        560           215          345         340               (5)   Under Agreement   Mr.Fahim Zubari - Employee
                 Motor Vehicles                        560           103          457         433             (24)    Under Agreement   Mr.Abid Sultan Chaudhry - Employee
                 Motor Vehicles                        555           167          388         385               (3)   Under Agreement   Mr.Raja Abdullah Khan - Employee
                 Motor Vehicles                        555           112          443         426             (17)    Under Agreement   Mr.Faryal Ali - Employee
                 Motor Vehicles                        555           229          326         355              29     Under Agreement   Mr.Tayab Raza - Employee
                 Motor Vehicles                        555           133          422         414               (8)   Under Agreement   Mr.Qazi Abid - Employee
                 Motor Vehicles                        555           133          422         414               (8)   Under Agreement   Mr.Umar Viqar - Employee
                 Motor Vehicles                        555           124          431         414             (17)    Under Agreement   Ms.Nilofer Siddiqui - Employee
                 Motor Vehicles                        555           257          298         349              51     Under Agreement   Mr.Syed Najeeb Ehsan - Employee
                 Motor Vehicles                        555            83          472         463               (9)   Under Agreement   Mr.Saulat Qadri - Employee
                 Motor Vehicles                        555            83          472         463               (9)   Under Agreement   Mr.Mehboob Afridi - Employee
                 Motor Vehicles                        555           120          435         414             (21)    Under Agreement   Mr.Ata Ur Rehman Hanafi - Employee
                 Motor Vehicles                        555           204          351         363              12     Under Agreement   Mr.Kashif Ijaz - Employee
                 Motor Vehicles                        555           148          407         400               (7)   Under Agreement   Mr.Asim Baig - Employee
                 Motor Vehicles                        555           148          407         407                 -   Under Agreement   Mr.Ashsish Kumar - Employee
                 Motor Vehicles                        555           204          351         370              19     Under Agreement   Mr.Shaukat Mahmood - Employee
                 Motor Vehicles                       555            176          379         349             (30)    Under Agreement   Mr.Umair Bin Moin - Employee
                 Motor Vehicles                        555            83          472         392             (80)    Under Agreement   Mr.Syed Ibrahim Hassan - Employee
                 Motor Vehicles                        554            37          517         517                 -   Under Agreement   Ms.Mariam Mansoor - Employee
                 Motor Vehicles                        554            37          517         526                9    Under Agreement   Mr.Arshad Ali - Employee
                 Motor Vehicles                        549            46          503         522              19     Under Agreement   Mr.Syed Waheed Mustafa - Employee
                 Motor Vehicles                        549            18          531         512             (19)    Under Agreement   Mr.Muhammad Ishaq Younus - Employee
                 Motor Vehicles                        549            27          522         530                8    Under Agreement   Ms.Shirely D'Souza - Employee
                 Motor Vehicles                        992           694          298         550            252      Under Agreement   M/s. Honda Quaideen
                 Motor Vehicles                      1,358           246        1,112       1,025             (87)    Under Agreement   Mr.Shahzad Enver Murad (Ex Chief Executive)
                 Motor Vehicles                        773           448          325         335              10     Under Agreement   Mr.Junaid Amin (Ex Employee)
                 Motor Vehicles                        652           260          392         359             (33)    Under Agreement   Mr.Syed Mohd Nasurullah (Ex Employee)
                 Motor Vehicles                        752           410          342         405              63     Under Agreement   Mr.Majid Zaman
                 Motor Vehicles                        832           401          431         437                6    Under Agreement   Mr.Noman Baqai (Ex Employee)
                 Motor Vehicles                        663           262          401         367             (34)    Under Agreement   Ms.Humera Mirza (Ex Employee)
                 Motor Vehicles                        667           231          436         324           (112)     Under Agreement   Mr.Aamir Manzoor (Ex Employee)
                                                   128,623        65,598       63,028      61,504         (1,524)
                 Items having book value of less
                 than Rs. 250,000 and cost of
                 less than Rs. 1,000,000.

                 Motor Vehicles                      8,657         6,892        1,773       3,893          2,120

                 Office Equipment                     535            444           83         71              (12)

                                                   137,815        72,934       64,884      65,468             584

       12.4      Assets leased out

                 Machinery                          20,000        10,011        9,989      13,261          3,272      Under Agreement   Grays Leasing Limited




171   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007




13    Intangible assets


                                                    Core        Customer
                                                  deposits    relationships          Brand           Computer
                                  Goodwill       intangible     intangible           names           Software              Total

                                                                       (Rupees in '000)
      Cost
      At 1 January 2007           26,095,310      1,982,413       774,680             389,400          223,421       29,465,224
      Additions during the year            -              -             -                   -           87,986           87,986
      Deletions/ write offs                -              -             -                   -          (30,612)         (30,612)
      Adjustments                          -              -             -                   -           37,230           37,230
      At 31 December 2007         26,095,310      1,982,413       774,680             389,400          318,025       29,559,828

      Amortization
      At 1 January 2007                      -      203,351       108,818                 13,200        73,168          398,537
      Charge for the year                    -      572,235       227,752                 38,940        65,533          904,460
      Deletions/ write offs                  -            -             -                      -       (14,251)         (14,251)
      Adjustments                                         -             -                      -        37,230           37,230
      At 31 December 2007                    -      775,586       336,570                 52,140       161,680        1,325,976

      Net book value              26,095,310      1,206,827       438,110             337,260          156,345       28,233,852




      Cost
      At 1 January 2006                    -              -             -                   -           19,586           19,586
      Acquisition                 26,095,310      1,982,413       774,680             389,400          210,870       29,452,673
      Additions during the year            -              -             -                   -           27,511           27,511
      Deletions                            -              -             -                   -          (34,546)         (34,546)
      At 31 December 2006         26,095,310      1,982,413       774,680             389,400          223,421       29,465,224

      Amortization
      At 1 January 2006                      -            -             -                      -         8,611            8,611
      Acqusition                             -            -             -                      -        54,411           54,411
      Charge for the year                    -      203,351       108,818                 13,200        17,468          342,837
      Deletions                              -            -             -                      -        (7,322)          (7,322)
      At 31 December 2006                    -      203,351       108,818                 13,200        73,168          398,537

      Net book value              26,095,310      1,779,062       665,862             376,200          150,253       29,066,687

      Rate of amortisation                                                                                20%




                                                                                                   www.standardchartered.com.pk    172
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007

      14        DEFERRED TAX ASSET

                The following are major deferred tax assets / (liabilities) recognised and movement thereon.

                                                                                                   2007

                                                                     At                          (Charge)/        Debit /             At
                                                                 1 January                        credit to       (credit)       31 December
                                                                    2007                         profit and      to equity           2007
                                                                                                    loss
                                                                                              (Rupees in '000)


                Available for sale investments                    168,198                                  -       (13,096)          155,102
                Investments - Union Bank Limited                  152,794                         (152,794)               -                   -
                Provisions for loans and advances               3,140,707                          971,280                -        4,111,987
                Other assets                                       (16,913)                          10,337               -             (6,576)
                Fixed assets                                     (281,807)                          (72,142)              -         (353,949)
                Deposits                                          124,232                         (110,172)               -            14,060
                Subordinated loans                                 (22,979)                                -              -           (22,979)
                Liabilities against assets subject                                                         -              -                   -
                  to finance lease                                  (317)                               317               -                   -
                Other liabilities                                 11,492                                   -              -            11,492
                Goodwill                                        (153,745)                         (450,844)               -         (604,589)
                Actuarial gains on retirement
                  benefits                                        (17,886)                                 -       (15,645)          (33,531)

                                                                3,103,776                          195,982         (28,741)        3,271,017



                                                                                                   2006

                                                                     At        Acquisitions      (Charge)/        Debit /             At
                                                                 1 January                        credit to       (credit)       31 December
                                                                    2006                         profit and      to equity           2006
                                                                                                    loss
                                                                                              (Rupees in '000)



                Available for sale investments                    191,497               -                 -        (23,299)          168,198
                Investments - Union Bank Limited                        -       152,794                   -               -          152,794
                Provisions for loans and advances                       -     2,678,998            461,709                -        3,140,707
                Other assets                                            -        (16,913)                 -               -           (16,913)
                Fixed assets                                       12,952      (547,052)           252,293                -         (281,807)
                Deposits                                                -       225,754           (101,522)               -          124,232
                Subordinated loans                                      -        (22,979)                 -                           (22,979)
                Liabilities against assets subject
                  to finance lease                                        -        (143)              (174)                  -          (317)
                Other liabilities                                         -      11,492                                      -        11,492
                Goodwill                                                  -            -          (153,745)                  -      (153,745)
                Actuarial gains on retirement
                  benefits                                        (14,574)     123,922            (123,922)         (3,312)          (17,886)

                                                                  189,875     2,605,873            334,639         (26,611)        3,103,776



                During the year, a new schedule has been introduced for taxation of banks in Pakistan. According to the provisions
                of this schedule, provision for doubtful loans and advances falling under the category of "doubtful" or "loss" will
                be allowed as a deduction in the year in which the provision is made. The schedule is applicable for the financial
                year ending 31 December 2008. Currently, provisions for loans and advances are allowed as a deduction when they
                are written off. The schedule does not contain transitory provisions with respect to provisions made before the
                applicability of the new schedule. The matter of introduction of such transitory provisions has been taken up with
                Federal Board of Revenue by Pakistan Banks Association and based on discussions to date the bank's management
                is confident that such provisions will be made in the new schedule. Accordingly, the deferred tax calculations assume
                that such transitory rules will be made and the bank would be able to get the benefit of the asset so recognised.


173   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007

15.    OTHER ASSETS                                                          Note          2007                          2006
                                                                                                      (Rupees in '000)


       Income / mark-up accrued in local currency                                      3,562,191                 2,914,618
       Income / mark-up accrued in foreign currency                                      364,269                     58,650
       Advances, deposits, advance rent and other prepayments                          2,198,367                 1,124,629
       Receivable from Defined Benefit Plans                                              88,472                   214,563
       Clearing Suspense account                                                          64,170                   154,462
       Unrealized gain on forward foreign exchange contracts                             536,533                   101,646
       Interest rate derivatives and currency option - Positive fair value             2,990,438                 4,534,440
       Receivable from SBP / Government of Pakistan                                    1,343,145                   289,534
       Assets held for sale                                                  15.1        906,099                   108,787
       Tax compensation under section 102 of the Income Tax Ordinance                    160,653                   160,653
       Bank acceptances                                                                4,635,127                 7,059,040
       Others                                                                            323,276                   342,032
                                                                                      17,172,740                17,063,054
       Less: Provision against other assets                                  15.2       (132,638)                 (120,655)
                                                                                      17,040,102                16,942,399


15.1   Assets held for sale


       The Bank's Sri Lankan branch operations are presented as a disposal group held for sale along with the non banking
       assets acquired in satisfaction of claims.
                                                                                           2007                          2006
                                                                                                      (Rupees in '000)



       Non-banking assets acquired in satisfaction of claims                             107,303                   108,787


       Assets of Sri Lanka Branch operations
        Cash and balances with treasury banks                                             47,534                            -
        Balances with other banks                                                         74,376                            -
        Lendings to financial institutions                                                  7,989                           -
        Investments                                                                           29                            -
        Advances                                                                         642,429                            -
        Other assets                                                                      16,419                            -
        Operating fixed assets                                                            10,020                            -
                                                                                         798,796                            -


                                                                                         906,099                   108,787
15.2   Provision against other assets


       Opening balance                                                                   120,655                     35,495
       Acquisition                                                                                -                  72,737
       Charge for the year                                                                11,983                     12,423
       Closing balance                                                                   132,638                   120,655




                                                                                                          www.standardchartered.com.pk   174
           Standard Chartered Bank (Pakistan) Limited
           Notes to the Consolidated Financial Statements
           For the year ended 31 December 2007

           16         BILLS PAYABLE                                                 Note                  2007                          2006
                                                                                                                     (Rupees in '000)
                      In Pakistan                                                                      6,553,798                4,172,599
                      Outside Pakistan                                                                    83,590                   87,235
                                                                                                       6,637,388                4,259,834


           17         BORROWINGS FROM FINANCIAL INSTITUTIONS


                      In Pakistan                                                                      3,839,734               22,313,209
                      Outside Pakistan                                                                 3,042,997                  671,409
                                                                                                       6,882,731              22,984,618



           17.1       Particulars of borrowings with respect to currencies


                      In local currency                                                                3,839,734               22,313,209
                      In foreign currency                                                              3,042,997                  671,409
                                                                                                       6,882,731               22,984,618


           17.2       Details of borrowings secured / unsecured


                      Secured
                      Borrowings from State Bank of Pakistan under:
                      Export refinance scheme                                       17.2.1             3,263,818                4,945,568
                      Repurchase agreement borrowings                               17.2.2              300,000                 8,842,164
                      State Bank of Pakistan -LTF- Export oriented projects         17.2.3              442,055                   650,387
                      Term finance facility                                         17.2.4              266,666                   839,381
                      Morabaha Finance                                                                           -                100,000
                                                                                                       4,272,539               15,377,500
                      Unsecured
                      Call borrowings                                                                            -              7,359,665
                      Overdrawn nostro accounts                                     17.2.5             2,610,192                  247,453
                                                                                                       6,882,731               22,984,618


           17.2.1     Mark-up on export refinance from the SBP is charged at 6.5 percent (2006: 6.00 to 7.50 percent) per annum. These
                      loans are secured against demand promissory notes executed by the Bank in favour of the SBP.

           17.2.2     Repos carry mark-up at rate of 9.35 percent per annum (2006: 8.35 to 9.40 percent per annum) payable at maturity
                      and are due to mature by January 2008.

           17.2.3     Mark-up on long term finance for export oriented projects from the SBP is charged at rates ranging between 4.0
                      to 5.0 percent (2006:4.0 to 6.0 percent) per annum. These loans are secured against promissory notes executed
                      by the Bank in favour of the SBP.

           17.2.4     These represent term finance facilities obtained from various financial institutions carrying mark-up at six months
                      KIBOR + 1.55% per annum to six months KIBOR + 2.25% per annum and are repayable by June 2010. The loans
                      are secured by hypothecation charge on specific lease assets and rentals receivable.

           17.2.5     This includes overdrawn nostro accounts with branches of the Bank outside Pakistan amounting to Rs. 2,599.288
                      million (2006: Rs. 238.600 million).


175   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007

18     DEPOSITS AND OTHER ACCOUNTS
                                                                     Note                  2007                        2006
                                                                                                    (Rupees in '000)
       Customers
         - Fixed deposits                                                             46,870,179               46,571,158
         - Savings deposits                                                           68,884,234               54,975,697
         - Current accounts - Non-remunerative                                        60,145,022               53,347,573
         - Margin accounts                                                               938,211                  555,627
         - Special exporters' account                                                     20,778                   25,453
                                                                                     176,858,424              155,475,508

       Financial Institutions
          - Remunerative deposits                                                              -                   640,457
          - Non-remunerative deposits                                 18.1               185,806                   452,471
                                                                                         185,806                 1,092,928
                                                                                     177,044,230              156,568,436

18.1   This includes Rs. 185.806 million (2006 : Rs. 91.88 million) for balances of other branches of the Bank outside
       Pakistan.
                                                                     Note                 2007                    2006
18.2   Particulars of deposits                                                                   (Rupees in '000)



       In local currency                                                             146,834,616              127,865,277
       In foreign currencies                                                          30,209,614               28,703,159
                                                                                     177,044,230              156,568,436

19.    SUB-ORDINATED LOANS

       Term Finance Certificates issued                               19.1              1,912,455                2,414,851



19.1   The Bank has issued subordinated term finance certificates in three issues. First issue of Rs. 750 million was made
       in 2002 , the second issue of Rs. 750 million was made in December 2003 and the third issue of Rs 1,000 million
       was offered in December 2005 and the public offer was made in February 2006.

       The TFCs are unsecured and are subordinated to the depositors and other creditors of the bank and carry following
       terms:

                                        First Issue             Second Issue                Third Issue
       Year of issue                       2002                     2003                       2005
       Rating                              AAA                      AAA                           AAA
       Rate                           2.25% above                0.75% above                2.00% above
                                       the cut-off                the cut-off              the six month
                                       yield of last              yield of last          Karachi Inter-Bank
                                       successful                 successful                Offered Rate
                                     auction of five               auction of                ("KIBOR")
                                        years PIB               five years PIB             prevailing one
                                                                                            working day
                                                                                             prior to the
                                                                                            beginning of
                                                                                         each semi annual
                                                                                               period.
       Floor                               11%                       5%                             -
       Ceiling                            15.50%                   10.75%                           -
       Repayment                          5 years                  7 years                      7 years


                                                                                                    www.standardchartered.com.pk   176
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007

      20.       OTHER LIABILITIES                                                   Note              2007                        2006
                                                                                                               (Rupees in '000)

                Mark-up / return / interest payable in local currency                             1,485,628               1,093,032
                Mark-up / return / interest payable in foreign currencies                           186,021                 104,984
                Musharika and accrued profit thereon                                20.1          1,004,123                 370,563
                Certificates of Musharika                                           20.2            336,675                 351,030
                Accrued expenses                                                                  1,570,795               1,288,590
                Provision for taxation                                                              636,998                 892,603
                Advance payments                                                                  1,401,543                 241,463
                Sundry creditors                                                                  1,423,645               1,156,152
                Unrealised loss on forward foreign exchange contracts                               476,831                  68,149
                Unrealized loss on interest rate derivatives and currency options                 2,098,723               4,370,389
                Payable to defined contribution plans                                                31,993                 161,598
                Due to Holding Company                                              20.3          3,824,995                 744,492
                Liabilites held for sale                                            20.4            649,633                       -
                Unclaimed balances                                                                   21,953                  48,476
                Clearing suspense account                                                         1,619,923                 422,815
                Branch adjustment account - outside Pakistan branches                                     -                 313,677
                Provision against off balance sheet obligations                     20.5            193,495                  72,932
                Short sell - Treasury Bills / Pakistan Investment Bonds                                   -                 344,512
                Bank acceptances                                                                  4,635,127               7,059,040
                Unsettled trades                                                                          -               1,835,200
                Security deposits                                                                   230,517                 183,016
                Certificates of investment                                                          756,531               1,122,509
                Others                                                                               67,410                 340,043
                                                                                                 22,652,559              22,585,265

      20.1      The estimated share of profit payable on participatory and unsecured Musharika facilities ranges from 6% to 16% per
                annum and are due to mature by December 2008.

      20.2      The estimated share of profit payable on participatory and unsecured Certificates of Musharika ranges from 5.25% to
                11.00% per annum and are due to mature by December 2001.

      20.3      Due to Holding company                                                                2007                        2006
                                                                                                               (Rupees in '000)

                On account of reimbursement of executive and general administrative expenses       3,258,982                      -
                On account of Eastern Bank                                                                 -                  1,387
                On account of SCB Pakistan Branches                                                        -                698,072
                Due to Chittagong branch of the Holding Company                                            -                  6,177
                Other                                                                                566,013                 38,856
                                                                                                   3,824,995                744,492
      20.4      Liabilites held for sale

                The Bank's Sri Lankan branch operations are presented as a disposal group held for sale. As at 31 December 2007, the
                Sri Lankan branch operations liabilities comprised of the following:
                                                                                                      2007                       2006
                                                                                                                (Rupees in '000)

                Borrowings from financial institutions                                              189,572                          -
                Deposits and other accounts                                                         446,540                          -
                Other liabilities                                                                    13,521                          -
                                                                                                    649,633                          -

      20.5      Provision against off-balance sheet obligations
                                                                                                      2007                        2006
                                                                                                               (Rupees in '000)

                Opening balance                                                                      72,932                    4,963
                Acquisition                                                                               -                   43,410
                Charge for the year                                                                 120,563                   24,559
                Closing balance                                                                     193,495                   72,932

177   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007


21.    SHARE CAPITAL


21.1   Authorized Capital

                   2007                  2006                                      Note         2007                       2006
                       (Number of shares)                                                              (Rupees in '000)


                    4,000,000,000       4,000,000,000    Ordinary shares of Rs.10 each          40,000,000           40,000,000


21.2   Issued, subscribed and paid up


                                                         Ordinary shares of Rs. 10 each
                    2,939,785,018       2,939,785,018    Fully paid in cash                     29,397,850           29,397,850


                      931,800,003         931,800,003    Issued in terms of scheme
                                                         of amalgamation            21.3         9,318,000             9,318,000
                    3,871,585,021       3,871,585,021                                           38,715,850           38,715,850



21.3   These represent 892,554,151 shares of Rs 10 each issued and allotted at par to Standard Chartered Bank, United Kingdom
       against transfer of entire undertaking of SCB Branch Business by SCB to the Bank and 39,245,852 shares issued and allotted
       at par credited as fully paid up to persons who were registered shareholders of Union Bank. These shares have been issued
       in accordance with the scheme of amalgamation duly approved by State Bank of Pakistan on 4 December 2006.


21.4   At 31 December 2007, Standard Chartered Bank , United Kingdom, held 98.99% of the shares of the bank.



22.    RESERVES
                                                                                   Note              2007                  2006
                                                                                                        (Rupees in '000)


       Share premium                                                                22.1         1,036,090            1,036,090
       Statutory reserve                                                            22.2           733,490               170,172
       Exchange translation reserve                                                                (33,539)              (19,623)
                                                                                                 1,736,041             1,186,639



22.1   This represents excess of fair value of the shares over par value of shares issued to registered sharehoders of Union Bank
       in terms of the amalgamation scheme.


22.2   In accordance with the Banking Companies Ordinance, 1962, the bank is required to transfer twenty percent of its profit
       of each year to reserve fund until the amount in such fund equals the paid up capital of the bank.




                                                                                                               www.standardchartered.com.pk   178
      Standard Chartered Bank (Pakistan) Limited
      Notes to the Consolidated Financial Statements
      For the year ended 31 December 2007

                                                                          Note              2007                      2006
                                                                                                   (Rupees in '000)
      23.      DEFICIT ON REVALUATION OF SECURITIES - NET

               Market Treasuery Bills                                                          (17,411)                 26,526
               Pakistan Investment Bonds                                                     (425,612)                (505,405)
               Wapda Sukuk Bonds                                                                  (126)                        -
               Term Finance Certificates                                                              -                  (8,854)
               Quoted Shares                                                                    30,988                     (180)
                                                                                             (412,161)                (487,913)
               Deferred tax asset recognised                                                  155,102                  168,198
                                                                                             (257,059)                (319,715)



      24.      CONTINGENCIES AND COMMITMENTS



      24.1     Transaction-related contingent liabilities

               Guarantees issued favouring:
                 - Government                                                              23,506,077              16,003,491
                 - Others                                                                   5,876,520               4,324,691

      24.2     Trade-related contingent liabilities

               Letters of credit                                                           25,253,523              16,724,705

      24.3     Other contingencies

               Claims against the Bank not acknowledged as debt         24.3.1              1,950,074                 1,477,559



      24.3.1 This includes claims for penal interest and additional surcharge amounting to Rs. 97.341 million claimed by Customs
             authorities in respect of certain bank guarantees issued on behalf of a customer in favour of Collector of Customs,
             Government of Pakistan. The guarantees remaining outstanding against the said customer at 31 December 2007
             amount to Rs. 80.827 million.

               The bank has referred the claims to Alternate Dispute Resolution (ADR) Committee, where it has yet to come up
               for a hearing.

               The bank considers that the above amounts are not payable and if it is required to settle the claims, it would be
               able to recover them from the customer.




179   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007

                                                                                     2007                      2006
                                                                                            (Rupees in '000)
24.4   Commitments in respect of forward exchange contracts

       Purchase
        State Bank of Pakistan                                                        5,118,100             7,984,596
        Other banks                                                                  46,377,304            37,896,773
        Customers                                                                    16,067,696             7,208,756

       Sale
        State Bank of Pakistan                                                        4,501,550             3,671,030
        Other banks                                                                  47,357,945            22,891,934
        Customers                                                                     7,643,196            16,152,302



       The maturities of the above contracts are spread over a period of one year.



24.5   Commitments in respect of operating leases

       Not later than one year                                                          23,195                    8,993
       Later than one year and not later than five years                                     -                   16,897




                                                                                                        www.standardchartered.com.pk   180
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007




         24.6     Derivative instruments

         24.6.1 Product analysis                                                                                        Current Period

                                                                Interest Rate Swaps                             FX Options
                                                           No. of               Notional                 No. of           Notional
                       Counterparties                     Contracts             Principal               Contracts        Principal *
                                                                              (Rupees in '000)                         Rupees in '000
                       With Banks for
                             Hedging                                -                     -                     -                  -
                             Market Making                          95            118,632,133                    90         16,752,319

                       With FIs other than banks
                              Hedging                               -                      -                    -                    -
                              Market Making                             2            2,599,500                  -                    -

                       With other entities for
                              Hedging                               -                     -                     -                  -
                              Market Making                        200            186,943,668                    90         16,752,319

                       Total
                                Hedging                             -                     -                     -                  -
                                Market Making                      297            308,175,301                   180         33,504,638



                       2006     Total Market Making                115            189,428,050                       8          504,102

                   *             At the exchange rate prevailing at the end of the reporting period


                   Contracts with banks represent contracts entered with branches of Standard Chartered Bank, UK to obtain cover
                   against the contracts with customers.


         24.6.2    Maturity analysis

                       Interest Rate Swaps
                       Remaining          No. of           Notional                                   Mark to Market
                       Maturity          Contracts         Principal               Negative               Positive             Net
                                                                                           Rupees in '000

                       Upto 1 month                 20      17,122,254                   (70,027)              33,118           (36,909)
                       1 to 3 months                  1      2,480,000                   (50,636)                 -             (50,636)
                       3 to 6 months                  1        100,000                     (2,363)                -               (2,363)
                       6 month to 1 year            16       3,710,588                   (30,232)              59,538            29,306
                       1 to 2 year                  72     148,263,107               (1,244,226)            1,222,998           (21,228)
                       2 to 3 years                 68      16,924,083                   (91,557)             245,631           154,074
                       3 to 5 years                 78      59,622,414                 (102,902)              505,614           402,712
                       5 to 10 years                41      59,952,855                 (255,004)              671,764           416,760
                       Above 10 years               -              -                           -                  -                   -




181   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007




25.    MARK-UP / RETURN / INTEREST EARNED                             Note            2007              2006
                                                                                         (Rupees in '000)

       On loans and advances to customers                                            18,017,754           10,569,145
       On loans and advances to financial institutions                                  626,242               812,174
       On investments in: i) Held for Trading Securities                                     -                566,833
                           ii) Available for sale Securities          25.1            3,430,497            1,882,302
       On deposits with financial institutions / the
         State Bank of Pakistan                                                         181,027               188,278
       On securities purchased under resale agreements                                  684,541              832,673
                                                                                     22,940,061           14,851,405

25.1   This includes Rs. 436.55 million in respect of amortisation of fair value adjustment made at the time of
       acquisition of Union Bank Limited.

26.    MARK-UP / RETURN / INTEREST EXPENSED                           Note            2007              2006
                                                                                         (Rupees in '000)

       Deposits                                                       26.1            4,624,641            2,817,732
       Securities sold under repurchase agreements                                      864,646               775,142
       Call borrowings                                                                  271,132               428,294
       Borrowings from State Bank of Pakistan under
         export refinance scheme                                                        297,487               116,384
       Profit on redeemable capital and murabaha                                        102,394               108,382
       Term finance certificates                                                        274,341                88,169
       Others                                                                           165,928               71,583
                                                                                      6,600,569            4,405,686

26.1   This is net of Rs. 314.77 million in respect of amortisation of fair value adjustment made at the time of
       acquisition of Union Bank Limited.

27.    GAIN / (LOSS) ON SALE OF SECURITIES                                            2007              2006
                                                                                         (Rupees in '000)
       Federal Government Securities
         Market treasury bills                                                            (2,211)              93,060
         Pakistan Investment Bonds                                                       10,885                15,856
       Shares                                                                            78,370                29,901
                                                                                         87,044               138,817

28.    OTHER INCOME

       Rent on property                                                                      564                2,179
       Profit on sale of property and equipment                                            3,857                   819
       Income on interest rate derivatives and others                                   933,900               272,885
                                                                                        938,321               275,883




                                                                                                    www.standardchartered.com.pk   182
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007




        29.          ADMINISTRATIVE EXPENSES                                                    2007                      2006
                                                                               Note                    (Rupees in '000)

                     Salaries, allowances, etc.                                                  3,702,015                2,272,791
                     Charge for defined benefit plan                           35.7                 27,185                   15,271
                     Contributions to defined contribution plan                                    167,653                   96,822
                     Rent, taxes, insurance, electricity, etc.                                     692,535                  475,289
                     Legal and professional charges                                                 81,247                   95,019
                     Communications                                                                529,863                  222,245
                     Repairs and maintenance                                                       734,207                  259,549
                     Rental of operating lease                                                      23,176                   11,538
                     Stationery and printing                                                       232,961                  278,316
                     Advertisement and publicity                                                   266,081                  231,550
                     Donations                                                 29.1                  5,500                    3,992
                     Finance charges on finance lease                                                  -                      1,460
                     Auditors' remuneration                                    29.2                 10,424                   11,360
                     Depreciation                                                                  620,863                  254,818
                     Amortization                                                                  904,460                  371,185
                     Traveling, conveyance and vehicles' running                                   212,156                  174,878
                     Reimbursement of executive and general administrative expense               3,258,982                      -
                     Others                                                                        716,571                  378,903
                                                                                                12,185,879                5,154,986

        29.1         Details of the Donations given in excess of Rs. 100,000 are given below:

                     Donee
                     The Citizen Foundation                                                            2,210                       -
                     President Relief Fund Earth Quate Victims                                           -                       3,000
                     Behbud Associations                                                                 600                       700
                     Murshid Hospital & Health Care Center                                               -                         120
                     Care Foundation                                                                     825                       -
                     Government Islamia High School                                                      178                       -
                     Karachi Hockey Association                                                          200                       -
                     OGS Trust                                                                           500                       -
                     Sargodhian Spirit Trust                                                             200                       -
                     Aziz Taba Foundation                                                                100                       -

        29.2         Auditors' remuneration

                     Audit fee                                                                      6,721                     4,517
                     Fee for audit of pension , gratuity and provident funds                          160                       220
                     Special certifications and others                                              2,687                     4,085
                     Taxation services                                                                682                     2,400
                     Out-of-pocket expenses                                                           174                       138
                                                                                                   10,424                    11,360




183   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007




30.    OTHER CHARGES                                                                 2007                      2006
                                                                   Note                     (Rupees in '000)

       Fine and penalties imposed by the State Bank of Pakistan                           78,518                        510


31     TAXATION

       For the year
         - Current                                                                     1,436,970                 2,136,828
         - Deferred                                                                     (195,982)                 (330,301)
                                                                                       1,240,988                 1,806,527
       For prior years
         - Current                                                                        22,809                  (197,319)
         - Deferred                                                                          -                       (4,338)
                                                                   31.1                1,263,797                 1,604,870


31.1   Relationship between tax expense and accounting profit



       Profit before taxation                                                          4,136,112                 7,303,338
       Tax at the applicable tax rate of 35% (2006:35%)                                1,447,639                 2,556,168
       Income exempt from tax                                                            (27,430)                   (18,801)
       Dividend income at reduced rate                                                      (6,942)                 (15,760)
       Expenses that are not deductible in determining taxable income                      30,732                     1,300
       Income that are not taxable in determining taxable income                                -                 (235,688)
       Head office expenses not booked by SCB Pakistan branches                                 -                 (532,700)
       Release of prior year deferred tax charge                                        (148,924)                    (4,338)
       Prior year provision                                                                22,809                 (197,319)
       Others                                                                             (54,087)                  52,008
                                                                                       1,263,797                 1,604,870


31.2   The income tax assessments of SCB Pakistan branches have been finalized up to and including the tax year
       2004. Bank’s / departmental appeals for the assessment / tax years 1976-77 to 2004 are pending before different
       appellate levels. Despite management’s expectation of favorable decision in the pending appeals, any tax liability
       in case of adverse decision has been fully provided.

       Union Bank's tax assessments for the assessment years 1993-94 to 2001-02 and tax year 2005 and 2006 are
       under various stages of appeal against certain disallowances. The assessments for 2005 and 2006 have been
       raised with additional demand of Rs.1,347 million. The management is confident of favorable outcome from
       appeals process.

       EBI's (acquired by the Union Bank in 2002) assessments for the assessment years 1981-82 to 2001-02 are under
       various stages of appeal. The management is confident of favourable outcome from appeals process.

31.3   One of the assets acquired as part of the acquisition of Emirates Bank Pakistan’s operations (EBIL) by Union
       Bank included tax compensation receivable from FBR amounting to Rs 160.653 million on account of delayed
       refunds. The taxation officer had determined the amount of compensation of Rs 44.320 million through order
       dated 27 January 2006 as against the bank’s claim of Rs 160.653 million. Appeal was filed before the Commissioner
       of Income tax (Appeals) who has allowed further compensation of Rs 72.476 million vide order No. 16 to 26 dated
       31 May 2006. The bank and tax department have filed appeals before the Income Tax Appellate Tribunal which
       are pending for adjudication. The bank has also filed an application for resolution of this dispute by the Alternate
       Dispute Resolution Committee but the matter has not been heard as yet. As a matter of prudence, the bank has
       made a provision of Rs 43.857 million against the afore-mentioned tax compensation.




                                                                                                      www.standardchartered.com.pk   184
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007




             32.       EARNINGS PER SHARE - BASIC AND DILUTED                                    2007                       2006
                                                                                                        (Rupees in '000)

                       Profit for the year attributable to equity holders of the Bank              2,787,536                 5,710,753
                                                                                                      (Number of shares)
                       Weighted average number of ordinary shares in issue during             3,871,585,021            1,863,799,728
                       the period / year
                                                                                                            Rupees
                       Earnings per share                                                                0.72                       3.06

             33.       CASH AND CASH EQUIVALENTS
                       Cash and balances with treasury banks                                      26,295,978                22,797,769
                       Balances with other banks                                                   1,626,517                 3,395,213
                                                                                                  27,922,495                26,192,982

             34.       STAFF STRENGTH                                                                 Number                   Number

                       Permanent                                                                        3,518                      3,045
                       Temporary / on contractual basis                                                    16                          21
                       Daily wages                                                                          -                          35
                       Bank's own staff at the end of the year                                          3,534                      3,101
                       Outsourced                                                                       5,745                      5,047
                       Total Staff Strength                                                             9,279                      8,148


             35.       DEFINED BENEFIT PLANS


             35.1      General description

                       Non Management Staff Pension Fund

                       The plan provides a pension calculated as 50% of the average pensionable salary after completing 30 years
                       of service. The employees of the bank are entitled to either pension or gratuity, but not both. However, the
                       employees of ANZ Grindlays Bank transferred to the bank are entitled to both pension and gratuity and the
                       minimum number of years required for entitlement of pension is 25 years for these employees. Pension is
                       calculated as 1/120 times the last drawn merged salary for each years of service.


                       Non Management Staff Gratuity Fund

                       For the employees of SCB, the plan provides a lump sum gratuity calculated as last drawn merged salary
                       for each year of service (Maximum 31months) after completing 5 years of service. For the employees of ANZ
                       Grindlays Bank, the plan provides a lump sum calculated at 50% of last drawn merged salary for each year
                       of service (Maximum 24 months) after completing 5 years of service. However, if the employee is not entitled
                       for pension, the percentage is increased to 100%. The employees of SCB are entitled to either Pension or
                       Gratuity, but not both.

                       Management Staff Pension Fund

                       The plan is closed to active employees. The entire liability is in respect of existing pensioners.

                       Union Gratuity Funds

                       The scheme provides for gratuity benefits at graduated rates depending on the period of service to all
                       employees of Union Bank and Standard Chartered Leasing




185   SCBP Annual Report 2007
   Standard Chartered Bank (Pakistan) Limited
   Notes to the Consolidated Financial Statements
   For the year ended 31 December 2007




35.2       Principal Actuarial Assumptions
           The last actuarial valuation of the scheme was carried out on 31 December 2007 and the key assumptions used
           for actuarial valuation were as follows:
                                                                          2007                            2006

           Discount rate                                                                           10% p.a.                                                10% p.a.
           Expected rate of increase in salary in future years                                      8% p.a.                                                 8% p.a.
           Expected rate of return on plan assets                                                  10% p.a.                                                10% p.a.
           Expected long term rate of increase in pension                                           4% p.a.                                                 4% p.a.
           Mortality rate                                                                   LIC (1975-79) Ultimate                                  LIC (1975-79) Ultimate
           Withdrawal rate                                                                           Light                                                   Light

                                                  SCB Non Management         SCB Non Management         SCB Management                   Union                           Total
                                                      Pension Fund              Gratuity Fund             Pension Fund               Gratuity Fund
                                                    2007      2006             2007       2006           2007      2006              2007        2006             2007           2006
                                                                                                              (Rs. in '000)

35.3   Reconciliation of payable / (receivable) to/from defined benefit plan

       Present value of defined benefit obligations 56,124        58,761         20,459      15,170        44,282        47,578       123,845      158,766          244,710   280,275
       Fair value of plan assets                    (70,441)     (61,209)       (23,984)    (19,738)      (85,596)     (226,513)     (153,161)    (187,378)        (333,182) (494,838)
       Asset recognised in Balance Sheet            (14,317)       (2,448)        (3,525)     (4,568)     (41,314)     (178,935)       (29,316)     (28,612)        (88,472) (214,563)

35.4   Movement in defined benefit obligation

       - Obligation as at 1 January                  58,761      60,134          15,170      19,918        47,578        46,909       158,766     140,458           280,275       267,419
       - Current service cost                           148         232             609         725           -             -          32,881      31,505            33,638        32,462
       - Interest cost                                5,633       5,139           1,535       1,623         4,501         3,945        11,182      13,687            22,851        24,394
       - Benefits (paid) / received                  (4,705)     (7,492)            -        (3,090)       (4,627)       (4,236)      (56,534)    (35,284)          (65,866)      (50,102)
       - Actuarial (gain)/ loss on obligation        (3,713)        748           3,145      (4,006)       (3,170)          960       (22,450)      8,400           (26,188)        6,102
       - Obligation as at 31 December                56,124      58,761          20,459      15,170        44,282        47,578       123,845     158,766           244,710       280,275

35.5   Movement in fair value of plan assets

       - Fair value as at 1 January                  61,209      59,361          19,738      16,146       226,513      228,002        187,378     181,447           494,838       484,956
       - Expected return on plan assets               5,866       4,844           1,970       1,298         4,501       30,589         16,967      16,444             29,304       53,175
       - Contribution by the bank                       -           773             -           -        (149,000)     (34,000)           -        29,689          (149,000)        (3,538)
       - Benefits paid                               (4,705)     (7,492)            -        (3,090)       (4,627)       (4,236)      (56,534)    (32,031)           (65,866)     (46,849)
       - Compensation                                   -           -               -           -           5,395           -             -            -               5,395            -
       - Actuarial gain/ (loss) on plan assets        8,071       3,723           2,276       5,384         2,814         6,158         5,350       (8,171)           18,511         7,094
       - Fair value as at 31 December                70,441      61,209          23,984      19,738        85,596      226,513        153,161     187,378           333,182       494,838

35.6   Movement in (receivable) / payable to defined benefit

       Balance as at 1 January                         (2,448)       773         (4,568)      3,772      (178,935)     (181,093)       (28,612)    (36,105)        (214,563) (212,653)
       Charge for the year                                (85)       527            173       1,050             -             -         27,096      28,748           27,184    30,325
       Compensation during the year                       -           -             -           -            (5,395)     (26,644)          -           -              (5,395) (26,644)
       Contribution to the fund during the year           -         (773)           -           -         149,000         34,000           -       (29,354)         149,000      3,873
       Actuarial loss recognised in equity           (11,784)     (2,975)           870      (9,390)         (5,984)       (5,198)     (27,800)      8,099          (44,698)    (9,464)
       Balance as at 31 December                     (14,317)     (2,448)        (3,525)     (4,568)       (41,314)    (178,935)       (29,316)    (28,612)         (88,472) (214,563)

35.7   Charge for defined benefit plan

       Current service cost                              148         232            609         725           -             -           32,881      31,505           33,638        32,462
       Interest cost                                   5,633       5,139          1,535       1,623         4,501         3,945         11,182      13,687           22,851        24,394
       Expected return on plan assets                 (5,866)     (4,844)        (1,970)     (1,298)       (4,501)       (3,945)       (16,967)    (16,444)         (29,304)      (26,531 )
                                                         (85)        527            174       1,050           -             -           27,096      28,748           27,185        30,325

35.8   Actual return on plan assets

       - Expected return on plan assets               5,866        4,844          1,970       1,298         4,501        30,589        16,967       16,444           29,304        53,175
       - Actuarial gain/ (loss) on plan assets        8,071        3,723          2,276       5,384         2,814         6,158         5,350       (8,171)          18,511         7,094
                                                     13,937        8,567          4,246       6,682         7,315        36,747        22,317        8,273           47,815        60,269

35.9   Cumulative amount of actuarial gains
        /(losses) recoginised in statement of
        recognised income and expense                33,180      21,396            (650)        220        43,571        37,587        19,701       (8,099)          95,802        51,104

35.10 Expected contributions for next year               -                          -                          -                           -                              -

35.11 Components of plan assets as a percentage of total plan assets

       Equities                                           0%         0%              0%         0%              0%             0%         30%           18%
       Bonds                                             97%       101%            126%       133%             97%            99%         74%           57%
       Cash & net current assets                          3%        -1%             22%        26%              3%             1%         -4%           25%
       Others                                             0%         0%             48%       -59%              0%             0%          0%            0%



                                                                                                                                                               www.standardchartered.com.pk   186
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007




         35.12     Five year data on surplus/ (deficit) of the plans & experience adjusments.
                                                                     2007               2006                  2005                   2004            2003
                                                                                                       (Rupees in '000)
                   - Present value of defined benefit
                     obligation                                      244,710            280,275               263,831                224,108         185,659

                   - Fair value of plan assets                       333,182            494,838               484,956                602,787         537,814

                   - Surplus/ (Deficit)                              88,472             214,563               221,125                378,679         352,155

                   - Experience adjustments on plan
                     liabilities loss/(gain)                         (26,188)           (6,675)               (10,023)               2,499           1,762

                   - Experience adjustments on plan
                     assets/(gain)                                   (22,440)           7,094                 14,574                 515             41,071


         36.       SHARE BASED PAYMENTS

                   The Bank participated in the following share compensation plans for the acquisition of shares in the ultimate
                   holding company, Standard Chartered Plc. The market value of shares are denominated in pounds sterling at
                   the time of grant.


                   i)    International Sharesave Scheme

                         The International Sharesave Scheme was first launched in 1996 and made available to all employees of the
                         Bank. Employees have the choice of opening a three-year or a five-year savings contract. Within a period
                         of six months after the third or fifth anniversary, employees may exercise the awards and receive any benefit
                         in cash; alternatively, the employee may elect to have the savings, plus interest, repaid in cash. The price
                         at which they may purchase shares is at a discount of up to 20 percent on the share price at the date of
                         the invitation. There are no performance conditions attached to options granted. The options granted do
                         not confer any right to participate in any share issue of any other company.

                   Movements in the number of share options held by the Bank's employees are as follows:-


                                                                                      Weighted average                                     Weighted average
                                                                                       exercise price                                       exercise price
                                                                 2007                                                    2006
                                                              Number ('000)                                           Number ('000)
                   At 1 January                                   60                            9.90                      26                        8.71
                   Granted during the year                        31                           12.43                      37                       10.64
                   Exercised during the year                      (6)                           7.43                                                 -
                   Lapsed during the year                         (7)                           7.43                           (3)                  8.67
                   At 31 December                                 78                           11.07                           60                   9.90

                   The weighted average price at the time the options were exercised during 2007 was £18.65 (2006: £13.90).

                                                                   2007                                                         2006
                                                                    Weighted average remaining life                             Weighted average remaining life


                    Range of exercise price     Weighted                                                Weighted
                                                              No. of                   Contractual                   No. of
                                                 average             Expected years                      average                 Expected years Contractual years
                                                             options                      years                      options
                                              exercise price                                          exercise price



                          £7.43/£12.43            11.07       78       3.33/5.33           2.82             9.9        60              3.33/5.33        3.06




187   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007




       The intrinsic value of vested International Sharesave cash-settled awards as at 31 December 2007 was Rs 6,696
       thousand.

      ii)   Restricted Share Scheme

            The Restricted Share Scheme is a discretionary share incentive scheme for high performing and high potential
            staff at any level of the organisation whom the Group wishes to motivate and retain. Except upon appointment
            when an executive director may be granted an award of restricted shares, the Restricted Share Scheme is
            not applicable to the Group's executive directors, as it has no performance conditions attached to it. Fifty
            per cent of the award vests two years after the date of the grant and the remainder after three years. The
            awards granted under this scheme are nil cost options with any benefit payable in cash. The options granted
            do not confer any right to participate in any share issue of any other company.


       Movements in the number of share options held by the Bank's employees are as follows:-


                                                                       Weighted average                                         Weighted average
                                                                        exercise price                                           exercise price
                                                       2007                                                    2006
                                                    Number ('000)                                           Number ('000)
       At 1 January                                      53                        -                             52                        -
       Granted during the year                           38                        -                             14                        -
       Exercised during the year                         (8)                       -                            (12)                       -
       Lapsed during the year                           (13)                       -                             (1)                       -
       At 31 December                                    70                        -                             53                        -

       The weighted average price at the time the options were exercised during 2007 was £15.15 (2006: £14.35).

                                                         2007                                                        2006
                                                          Weighted average remaining life                            Weighted average remaining life


       Range of exercise price     Weighted                                                   Weighted
                                                   No. of                   Contractual                    No. of
                                    average               Expected years                       average                Expected years Contractual years
                                                  options                      years                       options
                                 exercise price                                             exercise price



                  N/A                   -           70            7              5.15             -         53              7                  5.07

       The intrinsic value of vested Restricted Share Scheme cash-settled awards as at 31 December 2007 was Rs 36,456 thousand.

       iii) Executive Share Option Scheme (closed)

            The Executive Share Option Scheme is an intrinsic part of the Group's executive directors' and senior
            managers' total remuneration. An EPS performance criterion needs to be met before the options can be
            exercised. Executive share options are exercisable after the third, but before the tenth anniversary of the
            date of grant with any benefit payable in cash. The exercise price is based on the the share price at the date
            of grant and options can normally only be exercised if a performance condition is satisfied. The options
            granted do not confer any right to participate in any share issue of any other company.

       Movements in the number of share options held by the Bank's employees are as follows:-

                                                                       Weighted average                                         Weighted average
                                                                        exercise price                                           exercise price
                                                       2007                                                    2006
                                                    Number ('000)                                           Number ('000)
       At 1 January                                      2                       9.355                           20                       7.2
       Granted during the year                           -                           0                            -                         -
       Exercised during the year                        (1)                      9.355                          (11)                      6.9
       Lapsed during the year                            -                           0                           (8)                      7.2
       At 31 December                                    1                        9.36                            1                       9.4




                                                                                                                           www.standardchartered.com.pk   188
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007




                      The weighted average price at the time the options were exercised during 2007 was £15.81 (2006: £14.59).

                                                                         2007                                                         2006
                                                                          Weighted average remaining life                             Weighted average remaining life


                       Range of exercise price     Weighted                                                    Weighted
                                                                   No. of                      Contractual                  No. of
                                                    average               Expected years                        average                Expected years Contractual years
                                                                  options                         years                     options
                                                 exercise price                                              exercise price



                       £6.905/£9.36                   9.36          1             5                6.18            9.36       2              5                7.18


                      The intrinsic value of vested Executive Share Option Scheme cash-settled awards as at 31 December 2007 was
                      Rs 868 thousand.

                      iv) Performance Share Plan

                            The Performance Share Plan is designed as an intrinsic part of total remuneration for the Group's executive
                            directors and for a small number of the Group's most senior executives. The awards granted under this
                            scheme are nil cost options. Certain performance criteria need to be met before the options can be exercised.

                            The option granted do not confer any right to participate in any share issue of any other company.

                      Movements in the number of share options held by the Bank's employees are as follows:-


                                                                       2007                                                     2006
                                                                    Number ('000)                                            Number ('000)
                      At 1 January                                      30                                                       15
                      Granted during the year                           14                                                       15
                      Exercised during the year                         -                                                         -
                      Lapsed during the year                            -                                                         -
                      At 31 December                                    44                                                       30



                                                                         2007                                                         2006
                                                             Weighted average remaining life                              Weighted average remaining life


                       Range of exercise price     Weighted                                                    Weighted
                                                    average      No. of                        Contractual                  No. of
                                                                        Expected years                          average                Expected years Contractual years
                                                 exercise price options                           years
                                                                                                             exercise price
                                                                                                                            options




                                 N/A                    -           44             -               8.03            -          30                      -        8.5


                            The intrinsic value of vested Performance Share Plan cash-settled awards as at 31 December 2007 was Rs
                            14 thousand.

                      v)    The total expense recognised in respect of above schemes amounted to Rs. 99 million and is included in
                            managerial remuneration.




189   SCBP Annual Report 2007
 Standard Chartered Bank (Pakistan) Limited
 Notes to the Consolidated Financial Statements
 For the year ended 31 December 2007




37.    COMPENSATION OF CHIEF EXECUTIVE AND EXECUTIVES

                                        Note        Chief Executive                          Director                 Executives
                                                     2007       2006                      2007       2006           2007         2006
                                                                                      (Rupees in '000)

       Director's Fees / Remuneration   37.1          -              -                    2,980      968             -             -

       Managerial remuneration                     81,573       35,570                     -          -          877,424       605,082
       Contribution to defined
        contribution plan                           2,888        2,534                     -          -          69,259         45,979
       Rent and house maintenance                   6,303        5,529                     -          -          176,219        95,520
       Utilities                                      -              674                   -          -          12,710         15,368
       Medical                                      1,576            708                   -          -          37,742         61,418
       Others                                         -          3,310                      -        -           80,329         28,810
                                                   92,340       48,325                    2,980      968      1,253,683        852,177

       Number of persons                                  1              1                     1          1         450            407



37.1   The director's fee / remuneration represents fee / remuneration paid to one director for attending the board and
       board sub-committee meetings.

37.2   The Bank also provides free use of furnished accommodation to the Chief Executive and Bank maintained cars
       to the Chief Executive and some of the Executives of the Bank. In addition the Chief Executive and some of the
       Executives are also reimbursed for cost of medical expenses and other benefits like club subscription and
       education etc.

38.    FAIR VALUE OF FINANCIAL INSTRUMENTS

38.1   On-balance sheet financial instruments

       Except for investment in unlisted companies, fixed term advances of over one year, staff loans and fixed term
       deposits of over one year, the fair value of on balance sheet financial assets and liabilities are not significantly
       different from their book value as these assets and liabilities are either short term in nature or are frequently re-
       priced. The fair value of fixed term advances of over one year, staff loans and fixed term deposits of over one
       year cannot be calculated with sufficient reliability due to non-availability of relevant active market for similar
       assets and liabilities. The fair value of investments classified as held to maturity amounted to Rs. 175.99 (2006:
       Rs. 299.26 million).


38.2    Off-balance sheet financial                           2007                                               2006
          instruments               Book value                               Fair value             Book value             Fair value

                                                                                      (Rupees in '000)


        Interst Rate swaps /
        Foreign currency options
        / Forward purchase contracts           267,781,594                     271,308,565            153,598,253          158,098,648


        Interst Rate swaps /
        Foreign currency options
        / Forward sale contracts               200,964,135                     198,388,581            132,139,290          136,504,516




                                                                                                                 www.standardchartered.com.pk   190
                  Standard Chartered Bank (Pakistan) Limited
                  Notes to the Consolidated Financial Statements
                  For the year ended 31 December 2007




      39.     SEGMENT DETAILS WITH RESPECT TO BUSINESS ACTIVITIES

              The segment analysis with respect to business activity.
                                                                   Global                  Corporate and               Consumer        Total
                                                                   Markets             Institutional Banking            Banking
                                                                                                      (Rupees in '000)
                      2007

              Total income                                                3,718,629                3,638,014             15,104,499     22,461,142

              Total expenses                                             (1,115,453)              (2,563,346)           (14,680,845)   (18,359,644)

              Net income (loss)                                           2,603,176                1,074,668               423,654       4,101,498

              Segment Assets (Gross)                                     98,741,811               83,674,935             88,610,689    271,027,435

              Segment Non Performing Loans                                      -                  6,127,222              4,863,230     10,990,452

              Segment Provision Required                                        -                  6,135,154              5,776,747     11,911,901

              Segment Liabilities                                        13,228,846               66,252,702           135,647,815     215,129,363

              Segment Return on net Assets (ROA) (%)      *             2.64%                  1.39%                   0.51%           1.58%

              Segment Cost of funds (%)                  **             3.86%                  3.30%                   2.02%           2.55%

                      2006

              Total income                                               2,214,612                 2,918,199             8,985,125      14,117,936

              Total expenses                                              (439,879)                 (784,276)           (5,590,443)     (6,814,598)

              Net income (loss)                                          1,774,733                 2,133,923             3,394,682       7,303,338

              Segment Assets (Gross)                                    94,520,126                91,979,966            73,207,081     259,707,173

              Segment Non Performing Loans                                      -                  4,625,264             4,270,762       8,896,026

              Segment Provision Required                                        -                  4,432,216             5,343,937       9,776,153

              Segment Liabilities                                       27,673,713                50,429,736           130,710,291     208,813,740

              Segment Return on net Assets (ROA) (%)      *             1.88%                  2.44%                   5.00%           2.92%

              Segment Cost of funds (%)                  **             3.23%                  3.85%                   4.08%           3.80%

              *     Segment ROA = Net income / (Segment Assets - Segment Provisions)

                    For 2006 Segment ROA have been computed based on the the full year net income of SCB branches and annualised
                    net income of ex. Union bank branches.
              **    Segment cost of funds have been computed based on the average balances.
              The business activities of the Bank are confined to three segments i.e. Consumer Banking, Global Markets an Corporate
              & Institutional Banking (Wholesale Banking). The products and services offered by these segments are as follows:
              Global markets
              Overall management of the treasury of the bank and offering various cash and interest risk management
              products to the customers. The products include FX forwards, FX options and interest rate swaps.
              Consumer Banking
              Wealth management, deposits, mortgages, auto finance, cards and loans.
              Corporate and institutional banking
              Trade and lending activities for the corporates and financial institutions.

191         SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007




40.   RELATED PARTY TRANSACTIONS

      Related parties comprise of Standard Chartered Plc., ultimate parent company, key management personnel,
      and employees' retirement benefit funds. The transactions with related parties are conducted at commercial
      terms. The bank also provides advances to employees at reduced rates in accordance with their terms of
      employment. The transactions and balances with related parties are summarised as follows:

                                                                                2007                 2006
                                                                                    (Rupees in ‘000)
       Group
       Nostro balances with other branches of the holding company                1,377,713               2,120,220
       Overdrawn nostro balances with other branches of the holding company      2,599,288                 238,604
       Vostro balances with other branches of the holding company                  185,806                  91,881
       Overdrawn vostro balances with other branches of the holding company             31                  50,640
       Placements with Group                                                     7,095,387               1,977,523
       Deposits of Group Company                                                    11,583                  13,097

       Key management personnel
       Loans and advances to key management personnel                               81,548                 120,553
       Deposits of key management personnel                                         45,371                  36,311

       Others
       Loans and Advances to customers with common directorship                    852,738                  56,207
       Deposits by staff retirement benefit funds                                   79,626                 157,297
       Deposits by customers with common directorship and director               3,040,145                 563,952
       Loan to Staff Retirement Benefit Fund                                         5,000                   5,000
       Receivable from defined benefit plan                                         89,235                 215,898
       Payable to defined contribution plan                                         31,993                 161,598


       Profit and Loss
       Group
       Net Mark-up / Interest / Income earned from other branches                  453,795                 373,166
       Fee and commission income earned from other branches                          9,070                  19,891
       Reimbursement of executive and general administrative cost                3,258,982                     -
       Payment to group company for direct sales services rendered                 851,443                 134,653

       Key management personnel
       Mark-up / Interest / Income earned                                            1,518                   4,318
       Mark-up / Interest / Income expensed                                             55                     461
       Sale of Vehicle                                                                 184                      87
       Salaries and benefits                                                       244,087                 168,176
       Post retirement benefits                                                     11,135                   7,437

       Others
       Contribution to staff retirement benefit funds                              162,507                   89,615
       Remuneration / Fee paid to non exective director                              2,980                      968




                                                                                             www.standardchartered.com.pk   192
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007




         40.1      Net movements in loans and deposits are summarised as follows:

                                                            Balance as at                   Net                      Net           Balance as at
                                                            31 December              disbursement /              repayments /      31 December
                                                                2006                      deposits               withdrawals           2007
                                                                                                  (Rupees in '000)
                   Loans and advances

                   Key Management Personnel                        120,553                        23,762                (62,767)          81,548

                   Others                                           61,207                       823,797                (27,266)         857,738

                   Deposits
                   Group companies                                  13,097                   1,005,752               (1,007,266)          11,583

                   Key Management Personnel                         36,311                       140,376              (131,316)           45,371

                   Others                                          721,549                   9,559,057               (7,160,835)       3,119,771


                   41.          CAPITAL ADEQUACY

                   41.1         Capital management

                                The Bank’s lead regulator, State Bank of Pakistan (SBP) sets and monitors capital requirements for the
                                Bank as a whole. In addition the Bank's branches in Sri Lanka are also required to follow capital requirements
                                applicable in Sri Lanka.

                                In implementing current capital requirements, SBP requires the Bank to maintain a prescribed ratio of 8%
                                total capital to total risk-weighted assets. The Bank calculates requirements for market risk in its trading
                                portfolios based upon the methodology provided by SBP which takes account of specific and general
                                market risk capital charge for interest rate risk and equity price risk using the duration method.


                                The Bank’s regulatory capital is analysed into three tiers:

                                -    Tier I capital, which includes ordinary share capital, capital and other reserves except exchange
                                     translation reserve, minority interest and retained profit. Goodwill and intangibles are deducted from
                                     Tier I capital.

                                -    Tier II capital includes exchange translation reserve, subordinated debt and impairment allowances
                                     not kept against identified debts. Subordinated debt is limited to 50% of Tier I capital.

                                -    Tier III supplementary capital consists of short term subordinated debt solely for the purpose of
                                     meeting a proportion of the Capital requirements for market risks. The bank currently does not have
                                     any Tier III capital.

                                Total of Tier II and III capital is limited to Tier I capital.

                                Banking operations are categorised as either trading book or banking book, and risk-weighted assets are
                                determined according to specified requirements that seek to reflect the varying levels of risks attached
                                to assets and off-balance sheet exposures.

                                The Bank’s policy is to maintain a strong capital base so as to maintain investor, creditor and market
                                confidence and to sustain future development of the business.


                                The Bank and its individually regulated operations have complied with all externally imposed capital
                                requirements throughout the period.


                                The Bank is also required to manage its capital based on Basel II accord under the standardised approach,
                                effective January 2008. At present it is required to submit the quarterly parallel returns calculating the
                                capital requirement.




193   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007




41.2    The risk weighted assets to capital ratio, calculated in accordance with the State Bank's guidelines on
        capital adequacy was as follows:-

                                                                                   2007               2006
                                                                                       (Rupees in '000)
Regulatory Capital Base
Tier I Capital
  Shareholders Capital / Head Office capital account                             38,715,850            38,715,850
  Reserves                                                                        1,736,041             1,186,639
  Unappropriated/ Unremitted profit                                               3,031,159               777,888
  Minority Interest                                                                 760,180               756,618
                                                                                 44,243,230            41,436,995
  Less: Adjustments                                                             (28,457,372)          (29,366,779)
Total Tier I Capital                                                             15,785,858            12,070,216

Tier II Capital
   General provisions subject to 1.25% of Total Risk Weighted Assets              1,960,914             1,747,433
   Exchange translation reserve                                                     (33,539)              (19,623)
   Subordinated debt Upto 50% of total Equity                                     1,399,736             1,683,093
Total Tier II Capital                                                             3,327,111             3,410,903
Eligible Tier III Capital                                                                -                    -
Total Regulatory Capital         (a)                                             19,112,969            15,481,119




                                                                                                 www.standardchartered.com.pk   194
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007




                 Risk-Weighted Exposures                      2007                                      2006
                                                 Book Value          Risk Adjusted        Book Value           Risk Adjusted
                                                                         Value                                     Value
                                                                              (Rupees in '000)
                 Credit Risk
                 Balance Sheet Items:-
                  Cash and other liquid assets      27,922,495              325,303        26,192,982                732,448
                  Lendings to Financial
                  Institutions                      15,393,820            3,078,764         4,003,224              1,263,045
                  Investments                       40,717,866              631,711        34,700,979                968,664
                  Loans and advances               122,787,983           98,566,992       132,528,879            102,790,977
                  Fixed assets                      31,982,251            3,748,399        32,458,781              3,392,094
                  Other assets                      20,311,119           15,280,420        20,046,175              9,324,749
                                                   259,115,534          121,631,589       249,931,020            118,471,977
                 Off Balance Sheet items
                  Loan Repayment
                  Guarantees and
                   acceptances                    4,635,127               4,367,158         7,059,040              7,051,656
                  Performance Bonds etc          29,382,597              12,077,928        20,328,182              6,205,688
                  Interest Rate Swaps           308,175,301               7,101,064       189,428,050              4,929,891
                  Stand By Letters of Credit     25,253,523              10,596,541        16,724,705              7,497,393
                  Outstanding Foreign Exchange
                  Contracts
                     -Purchase                   67,563,100                 348,852        53,090,125                255,218
                     -Sale                       59,502,691                 348,852        42,715,266                255,218
                  FX Options                     33,504,638                 401,126           504,102                  6,049
                                                528,016,977              35,241,521       329,849,470             26,201,113
                 Credit risk-weighted exposures                         156,873,110                              144,673,090

                 Market Risk
                  General market risk                                       184,247                                  192,256
                  Specific market Risk                                       64,708                                   14,053

                 Market risk-weighted exposures                           3,111,938                                2,578,863
                 Total Risk-Weighted exposures (b)                      159,985,048                              147,251,953

                 Capital Adequacy Ratio [ (a) / (b) x 100]                   11.95%                                   10.51%




195   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007




42.    RISK MANAGEMENT

       Through its risk management structure the Bank seeks to manage efficiently the core risks: credit, market,
       country and liquidity risk. These arise directly through the Bank’s commercial activities whilst compliance
       and regulatory risk, operational risk and reputational risks are normal consequences of any business
       undertaking.

       The basic principles of risk management followed by the bank include:

       Balancing risk and reward

       Risk is taken in support of the requirements of the Bank’s stakeholders. Risk should be taken in support
       of the Bank strategy and within its risk appetite.

       Responsibility

       Given the Bank is in the business of taking risk, it is everyone’s responsibility to ensure that risk taking is
       both disciplined and focused. The Bank takes account of its social, environmental and ethical
       responsibilities in taking risk to produce a return.

       Accountability

       Risk is taken only within agreed authorities and where there is appropriate infrastructure and resource. All
       risk taking must be transparent, controlled and reported.

       Anticipation

       The Bank looks to anticipate future risks and to maximise awareness of all risk.

       Risk management

       The Bank aims to implement best practices and have a specialist risk function of international standards,
       with strength in depth, experience across risk types and economic scenarios.

       Ultimate responsibility for the effective management of risk rests with the Company’s Board. Acting within
       an authority delegated by the Board, the Executive Committee, reviews specific risk areas and monitors the
       activities of the Risk Committee (“RC”) and the Asset and Liability Committee (“ALCO”).


       RC headed by Chief Risk Officer (CRO), through authority delegated by the Board, is responsible for credit
       risk, market risk, operational risk compliance and regulatory risk, legal risk and reputational risk. ALCO,
       through authority delegated by the Board, is responsible for liquidity risk, for structural interest rate and
       foreign exchange exposures and for capital ratios.

       The day to day responsibility for managing risk rests with CRO who overseas and manages the risk through
       a team of mangers; Senior Credit Officer responsible for credit risk in Wholesale Bank, Head of Consumer
       Credit responsible for credit risk in Consumer Bank (including SME), Head of Special Assets Management
       responsible for remedial risk management, Head of Credit Risk Controls responsible for collateral
       management, security documentation, credit MIS and controls, Head of Market Risk responsible for
       liquidity risk and risks associated with price movements, arising from interest and exchange rate movements.

       The Bank has established polices, procedures, processes and controls and have provided the Risk team
       adequate support by way of risk systems and tools for measuring and reporting risk for monitoring, controlling,
       reviewing and managing risk.

42.1   Credit risk

       Credit risk is the risk that a counter party will not settle its obligations in accordance with agreed terms.
       Credit exposures may arise from lending, trade finance, securities and derivative exposures. Credit
       exposures include both individual borrowers and groups of connected counterparties and portfolios in the
       banking and trading books.

       The Board of Directors has delegated down the authority to CEO and the Bank’s Executive Committee to
       establish credit risk appetite and make recommendations to the Board for approval of policies for
       managing credit risk. The CEO and the Executive Committee in turn rely on CRO and the Risk Committee
       to determined these and recommend for their support and Board's approval. The CRO is also delegated
       down by the CEO responsibility to delegate credit authorities to independent Risk Officers.




                                                                                                 www.standardchartered.com.pk   196
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007



                Credit risk appetite is established through business strategy papers and underwriting standards by the
                business managers, which are approved by the the Executive Committee once recommended and
                supported by the Risk Committee chaired by the CRO.

                Specific procedures for managing credit risk within Wholesale and Consumer (including SME) are
                determined at the Senior Credit Officer and Head of Consumer Credit levels for their respective
                jurisdictions with specific policies and procedures being adapted to different risk environment and business
                goals. Credit analysis includes review of facility details, credit grade determination and financial
                spreading/ratio analysis. Portfolio review, Early Alerts and Stress Testing based on scenario analysis is a
                combined responsibility of Client Relationship and Risk function. Client relationship origination and credit
                approval roles are clearly segregated throughout Wholesale and Consumer Banks.


      42.1.1    Wholesale Banking

                Within the Wholesale Banking business, a numerical grading system is used for quantifying the risks
                associated with counterparty. The grading is based on a probability of default measure, with customers
                analysed against a range of quantitative and qualitative measures. Expected Loss is used for the further
                assessment of individual exposures and portfolio analysis. There is a clear segregation of duties with loan
                applications being prepared separately from the approval chain.

      42.1.2    Consumer Banking

                For Consumer Banking, standard credit application forms are generally used, which are processed in
                central units for different products and market segments. As with Wholesale Banking, origination and
                approval roles are segregated.

      42.1.3    Segment by class of business
                                                                                      2007
                                                                                                            Contingencies and
                                                       Advances                 Deposits                     Commitments
                                                  (Rupees     Percent      (Rupees     Percent           (Rupees      Percent
                                                   in '000)                in '000)                      in '000)

                Chemical and pharmaceuticals      1,540,002     1.14      3,131,055            1.77     4,296,596       7.86
                Agri business                     2,453,390     1.82        540,796            0.31     6,226,734      11.40
                Textile                          14,563,723    10.81      2,977,615            1.68       731,089       1.34
                Communication                     4,044,919     3.00      6,204,478            3.50        73,813       0.14
                Insurance                           200,000     0.15              -                -          270       0.00
                Telecommunications and
                  information technology          1,080,834     0.80      9,063,615            5.12     1,150,321       2.11
                Cement                            4,293,077     3.19        737,840            0.42     1,518,114       2.78
                Sugar                             1,957,477     1.45        192,566            0.11       216,000       0.40
                Automobile and transportation
                  equipment                       1,336,854     0.99        464,993            0.26      124,566        0.23
                Financial                         1,380,822     1.03      4,207,604            2.38        9,821        0.02
                Electronics and electrical
                  appliances                      1,516,078     1.13      2,346,204            1.33       92,501        0.17
                Production and transmission
                  of energy                      11,073,444     8.22      3,450,313            1.95     3,411,146       6.24
                Shoes and leather garments          489,590     0.36         73,081            0.04        10,267       0.02
                Individuals                      56,598,751    42.02    121,636,764           68.70    11,276,689      20.64
                Others                           32,170,923    23.88     22,017,306           12.44    25,498,193      46.67
                                                134,699,884   100.00    177,044,230          100.00    54,636,120     100.00




197   SCBP Annual Report 2007
  Standard Chartered Bank (Pakistan) Limited
  Notes to the Consolidated Financial Statements
  For the year ended 31 December 2007




                                                                                2006
                                                                                                    Contingencies and
                                             Advances                       Deposits                  Commitments
                                            (Rupees        Percent        (Rupees      Percent      (Rupees     Percent
                                             in '000)                      in '000)                 in '000)

         Chemical and pharmaceuticals       8,734,282           6.14     1,982,750       1.27      1,935,553          5.22
         Agri business                      1,053,674           0.74     1,944,733       1.24        641,298          1.73
         Textile                           19,856,698          13.95     1,117,641       0.71      2,260,676          6.10
         Construction                          92,992           0.07     2,711,219       1.73         31,626          0.09
         Consumer goods                     1,889,061           1.33     2,599,763       1.66              -             -
         Insurance                            280,000           0.20       328,030       0.21              -             -
         Telecommunications and
           information technology           2,039,851           1.43     2,123,999       1.36        49,314           0.13
         Cement                             4,238,105           2.98       107,545       0.07       989,255           2.67
         Sugar                              1,594,873           1.12        12,671       0.01       180,736           0.49
         Automobile and transportation
           equipment                        1,641,691           1.15       649,207       0.41        753,099          2.03
         Financial                          4,775,955           3.36        88,279       0.06      2,460,470          6.64
         Electronics and electrical
           appliances                       1,659,638           1.17     2,320,104       1.48      4,076,588         11.00
         Production and transmission
           of energy                        1,492,242        1.05        2,937,798       1.88       320,686          0.87
         Communication                        236,367        0.17        1,385,153       0.88             -             -
         Shoes and leather garments           689,385        0.48          154,405       0.10        98,616          0.27
         Individuals                       58,569,399       41.16      104,694,638      66.87        53,342          0.14
         Others                            33,460,819       23.51       31,410,501      20.06    23,201,628         62.62
                                          142,305,032      100.00      156,568,436     100.00    37,052,887        100.00


42.1.4   Details of non-performing advances and specific provisions by class of business segment

                                                        2007                                     2006
                                         Classified            Specific             Classified            Specific
                                         Advances              Provision            Advances              Provision
                                                                 held                                       held
                                                                        (Rupees in '000)

         Chemical and pharmaceuticals         144,016               114,281              156,971                 113,453
         Agri business                        477,473               378,889              318,145                 229,944
         Textile                            3,166,013             2,512,322            2,095,145               2,273,990
         Footwear and Leather garments         14,937                11,853               14,937                  10,796
         Automobile and transportation
         equipment                             30,378                  24,106             36,475                   26,363
         Financial                             64,469                  51,158              4,782                    3,456
         Production and transmission of
         energy                               274,992               218,214              199,742                 144,366
         Individuals                        3,068,111             2,434,634            2,593,153               1,639,724
         Others                             3,750,063             2,078,807            3,476,676               1,645,800
                                           10,990,452             7,824,264            8,896,026               6,087,892




                                                                                                        www.standardchartered.com.pk   198
         Standard Chartered Bank (Pakistan) Limited
         Notes to the Consolidated Financial Statements
         For the year ended 31 December 2007




         42.1.5     Segment by sector
                                                                                      2007
                                                                                                                             Contingencies and
                                          Advances                                Deposits                                     Commitments
                                  Rupees                  %            Rupees                %                 Rupees             %
                                  in '000                              in '000                                 in '000
                    Public /
                     Government        13,461,950            9.99      2,129,752                   1.20          5,804,115             10.62
                    Private           121,237,934           90.01    174,914,478                  98.80         48,832,005             89.38
                                      134,699,884          100.00    177,044,230                 100.00         54,636,120            100.00

                                                                                      2006
                                                                                                                             Contingencies and
                                             Advances                             Deposits                                     Commitments
                                   Rupees                 %            Rupees                %                 Rupees            %
                                   in '000                             in '000                                 in '000
                    Public /
                     Government         8,527,869            5.99     11,399,565                   7.28          5,546,111             14.97
                    Private           133,777,163           94.01    145,168,871                  92.72         31,506,776             85.03
                                      142,305,032          100.00    156,568,436                 100.00         37,052,887            100.00




         42.1.6      Details of non-performing advances and specific provisions by sector

                                                                  2007                                                   2006
                                                        Classified           Specific                     Classified              Specific
                                                        Advances             Provision                    Advances                Provision
                                                                               held                                                 held
                                                                                             (Rs. in '000)
                     Public / Government                         -                       -                          -                       -
                     Private                              10,990,452               7,824,264                  8,896,026               6,087,892
                                                          10,990,452               7,824,264                  8,896,026               6,087,892

         42.1.7      GEOGRAPHICAL SEGMENT ANALYSIS
                                                                                                 2007
                                                         Profit                Total                      Net Assets          Contingencies
                                                          before              asset                       employed                 and
                                                        taxation             employed                                         Commitments
                                                                                             (Rs. in '000)

                     Pakistan                              4,101,498             258,316,738                 43,837,008              54,636,120
                     Sri Lanka                                34,614                 798,796                    149,163                     -
                                                           4,136,112             259,115,534                 43,986,171              54,636,120

                                                                                                 2006
                                                          Profit               Total                      Net Assets            Contingencies
                                                          before              asset                       employed                   and
                                                         taxation            employed                                           Commitments
                                                                                             (Rs. in '000)

                     Pakistan                              7,290,805             248,663,943                 40,763,005              36,446,695
                     Sri Lanka                                12,533               1,267,077                    354,275                 606,192
                                                           7,303,338             249,931,020                 41,117,280              37,052,887




199   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007




42.2   Market Risk

       The Bank recognises market risk as the exposures created by potential changes in market prices and rates.
       Market risk exposures arise primarily from interest rate and foreign exchange related contracts. The Bank has
       no significant exposure to equity and commodity price risk.


       Market risk is managed by the Head of Market Risk reporting directly to the CRO, who agrees policies and
       procedures and levels of risk appetite in terms of Value at Risk ("VaR"). Limits are then proposed by the business
       within the terms of agreed policy. These are agreed and delegated down by CRO under delegated authority from
       the CEO and are monitored by Head of Market Risk as part of an independent risk management function. Policies
       cover both the trading and non-trading books.

       In addition to market risk policies as well as VaR and other market risk limits, independent stress testing of
       portfolios, factor sensitivity measures and derivatives are also employed as additional risk management tools
       to manage and hedge market risk exposures. Risk models are periodically back tested against actual results to
       ensure pre-determined levels of accuracy are maintained.

42.3   Foreign Exchange Risk

                                                                                 2007
                                               Assets              Liabilities          Off-balance             Net foreign
                                                                                        sheet items              currency
                                                                                                                 exposure
                                                                           (Rs. in '000)


       Pakistan rupee                          179,833,534            171,633,559            1,694,680                9,894,655
       United States dollar                     36,549,223             35,800,760           (1,556,704)                (808,241)
       Great Britain pound                       1,218,482              1,219,422                1,452                      512
       Euro                                      3,268,509              3,271,235                2,370                     (356)
       Swiss Franc                                  11,533                 11,534                  (40)                      (41)
       Japanese yen                                    -                      -                    -                         -
       Others                                      874,386                724,155             (141,758)                   8,473
                                               221,755,667            212,660,665                  -                  9,095,002

                                                                                 2006
                                               Assets              Liabilities          Off-balance             Net foreign
                                                                                        sheet items              currency
                                                                                                                 exposure
                                                                           (Rs. in '000)

       Pakistan rupee                          192,344,151            177,612,573          (17,157,889)              (2,426,311)
       United States dollar                     14,841,059             23,788,773           15,203,258                6,255,544
       Great Britain pound                       1,596,230              3,797,345            1,724,241                 (476,874)
       Euro                                      2,719,047              1,785,660             (206,122)                 727,265
       Swiss Franc                                  10,614                 10,614                56,120                  56,120
       Japanese yen                                230,627                     13               (48,502)                182,112
       Others                                    1,502,106                925,759              428,894                1,005,241
                                               213,243,834            207,920,737                   -                 5,323,097


       Currency risk is the risk that the value of a financial instrument will fluctuate due to change in foreign exchange
       rates. The Bank undertakes currency risk mostly to support its trade services and maintains overall foreign
       exchange risk position within ten percent of its capital as advised by the SBP and reduces its forward exposure
       by matching future maturities.

       The management set limits on the level of exposure by currency in total for both overnight and intra day positions
       which are monitored daily.




                                                                                                           www.standardchartered.com.pk   200
            Standard Chartered Bank (Pakistan) Limited
            Notes to the Consolidated Financial Statements
            For the year ended 31 December 2007




      42.4 MISMATCH OF INTEREST RATE SENSITIVE ASSETS AND LIABILITIES
                                                                                                                           2007
                                                  Effective      Total                                                         Exposed to yield / interest rate risk                           Non interest
                                                    yield /                 Upto one     Over one     Over three Over six    Over one     Over two      Over three      Over five   Over ten      bearing
                                                   interest                  month       month to     months to months to     year to     years to        years to      years to     years       financial
                                                     rate                              three months   six months one year    two years three years five years           ten years              instruments
                                                                                                                      (Rupees in '000)
         On-balance sheet financial instruments

         Asset
         Cash and balances with
            treasury banks                         4.54%       26,295,978     3,062,610          -             -            -           -            -            -           -           -    23,233,368
         Balances with other banks                              1,626,517            -           -             -            -           -            -            -           -           -     1,626,517
         Lendings to financial
            institutions                           7.83%       15,393,820    12,043,982  2,376,978       937,844     35,016        -                 -           -             -          -         -
         Investments                               8.68%       40,717,866     3,448,668 9,078,077      5,761,995 4,697,166 1,475,250            423,956   7,428,497     8,053,559     77,950    272,748
         Advances                                 14.03%      122,787,983    66,719,205 12,343,377    16,042,456 11,083,807 4,686,729         3,612,144   3,042,902       900,257    714,667 3,642,439
         Other assets                                   -      14,933,503            -          -             -          -         -                 -           -             -          -  14,933,503
                                                              221,755,667    85,274,465 23,798,432    22,742,295 15,815,989 6,161,979         4,036,100 10,471,399      8,953,816    792,617 43,708,575
         Liabilities
         Bills payable                                  -       6,637,388            -          -              -            -         -              -            -           -           -    6,637,388
         Borrowings                                8.31%        6,882,731     4,086,109     74,762        111,668           -         -              -            -           -           -    2,610,192
         Deposits and other accounts               1.48%      177,044,230    95,119,336 10,438,060      3,746,640    4,842,350 1,391,359        210,761            12         -           -   61,295,712
         Sub-ordinated loan - TFCs                12.93%        1,912,455           336         -         236,826       36,132   179,509        370,999     849,052      239,601          -          -
         Other liabilities                              -      20,183,861            -          -              -            -         -              -           -            -           -   20,183,861
                                                              212,660,665 99,205,781 10,512,822        4,095,134 4,878,482        1,570,868     581,760      849,064      239,601         -   90,727,153
         On-balance sheet gap                                   9,095,002 (13,931,316) 13,285,610     18,647,161 10,937,507       4,591,111   3,454,340    9,622,335    8,714,215    792,617 (47,018,578)

         Off-balance sheet financial instruments

         Forward Lending
         Interest Rate Swaps                                  100,256,077     8,208,013    941,606     2,879,207     1,005,370 3,552,097 62,559,908       4,400,188 16,709,688            -           -
         Foreign Currency options                                 252,051            -          -        252,051            -         -          -               -          -             -           -
         Forward Foreign Exchange Contracts                    51,890,814    16,742,996 14,881,687    19,253,938     1,012,193        -          -               -          -             -           -
                                                              152,398,942    24,951,009 15,823,293    22,385,196     2,017,563 3,552,097 62,559,908       4,400,188 16,709,688            -           -

         Forward Borrowing
         Interest Rate Swaps                                   89,171,973     3,786,400    130,171     7,138,957            -  3,153,177 61,822,751       2,452,639 10,687,878            -           -
         Foreign Currency options                                 252,051            -          -        252,051            -         -          -               -          -             -           -
         Forward Foreign Exchange Contracts                    41,653,853    16,023,139 13,317,020    11,210,358     1,103,336        -          -               -          -             -           -
                                                              131,077,877    19,809,539 13,447,191    18,601,366     1,103,336 3,153,177 61,822,751       2,452,639 10,687,878            -           -
         Off-balance sheet gap                                 21,321,065     5,141,470 2,376,102      3,783,830       914,227   398,920    737,157       1,947,549 6,021,810             -           -

         Total yield / interest risk sensitivity gap            30,416,067 (8,789,846) 15,661,712     22,430,991 11,851,734       4,990,031   4,191,497 11,569,884 14,736,025        792,617 (47,018,578)

         Cumulative yield / interest risk sensitivity gap                                 6,871,866   29,302,857 41,154,591 46,144,622 50,336,119 61,906,003 76,642,028 77,434,645




201   SCBP Annual Report 2007
             Standard Chartered Bank (Pakistan) Limited
             Notes to the Consolidated Financial Statements
             For the year ended 31 December 2007


                                                                                                                    2006
                                           Effective     Total                                                                Exposed to yield / interest rate risk                            Non interest
                                             yield /                 Upto one       Over one   Over three         Over six   Over one    Over two Over three          Over five    Over ten       bearing
                                            interest                  month         month to   months to         months to    year to    years to       years to      years to      years        financial
                                              rate                                three months six months         one year   two years three years five years         ten years                instruments
                                                                                                                       (Rupees in '000)
On-balance sheet financial instruments

Assets
Cash and balances with
   treasury banks                     4.05%      22,797,769           4,363,180                84           -              -          -            -            -             -           -    18,434,505
Balances with other banks            3.5% - 5.2% 3,395,213              259,438            -           119,350             -          -            -            -             -           -     3,016,425
Lendings to financial
   institutions                      4.5% - 9.05% 4,003,224   3,011,922               991,302               -          -              -            -          -               -           -           -
Investments                            8.06%      34,700,979  3,046,194             1,532,137        3,923,598 17,186,574        630,100    1,552,841 2,742,067        3,954,784          -       132,684
Advances                              12.87%     132,528,879 63,587,302            10,309,523        7,341,726 9,755,272       9,349,004    9,519,827 11,527,430       7,025,970   1,692,506    2,420,319
Other assets                                 -    15,817,770 11,695,126                    -                -          -              -            -          -               -           -     4,122,644
                                                       213,243,834   85,963,162    12,833,047       11,384,674 26,941,846      9,979,104 11,072,668 14,269,497        10,980,754   1,692,506   28,126,577
Liabilities
Bills payable                               -      4,259,834         -                     -                -            -            -            -            -             -           -     4,259,834
Borrowings                           7.05% - 9.2% 22,984,618 16,367,536             5,081,479        1,226,869      112,067      166,667       30,000           -             -           -           -
Deposits and other accounts            3.71%     156,568,436 77,342,389            11,317,870        6,615,991    6,891,275      315,587       90,005       12,540            13          -    53,982,766
Sub-ordinated loan - TFCs             11.09%       2,414,851         146                  193          246,132          338      239,570      275,679      976,826       675,967          -           -
Liabilities against assets subject
   to finance lease                   15.00%                    736        254             482             -               -          -            -            -             -           -           -
Other liabilities                           -           21,692,262 12,218,771              -               -               -          -            -            -             -           -     9,473,491
                                                       207,920,737 105,929,096     16,400,024        8,088,992    7,003,680      721,824      395,684      989,366       675,980          -    67,716,091
On-balance sheet gap                                     5,323,097 (19,965,935)     (3,566,978)      3,295,682 19,938,166      9,257,280 10,676,984 13,280,131        10,304,774   1,692,506   (39,589,514)
Off- balance sheet financial instruments
Forward Lending
Interest Rate Swaps                                    100,256,077  8,208,013         941,606        2,879,207    1,005,370    3,552,097 62,559,908      4,400,188    16,709,688          -            -
Foreign Currency options                                   252,051         -               -           252,051           -            -          -              -             -           -            -
Forward Foreign Exchange Contracts                      51,890,814 16,742,996      14,881,687       19,253,938    1,012,193           -          -              -             -           -            -
                                                       152,398,942 24,951,009      15,823,293       22,385,196    2,017,563    3,552,097 62,559,908      4,400,188    16,709,688          -            -

Forward Borrowing
Interest Rate Swaps                                     89,171,973  3,786,400         130,171        7,138,957           -     3,153,177 61,822,751      2,452,639    10,687,878          -            -
Foreign Currency options                                   252,051         -               -           252,051           -            -          -              -             -           -            -
Forward Foreign Exchange Contracts                      41,653,853 16,023,139      13,317,020       11,210,358    1,103,336           -          -              -             -           -            -
                                                       131,077,877 19,809,539      13,447,191       18,601,366    1,103,336    3,153,177 61,822,751      2,452,639    10,687,878          -            -

Off-balance sheet gap                                   21,321,065    5,141,470     2,376,102        3,783,830      914,227      398,920      737,157    1,947,549     6,021,810          -            -

Total yield / interest risk sensitivity gap             26,644,162 (14,824,465)     (1,190,876)      7,079,512 20,852,393      9,656,200 11,414,141 15,227,680        16,326,584   1,692,506   (39,589,514)

Cumulative yield / interest risk sensitivity gap                                  (16,015,341)      (8,935,829) 11,916,564 21,572,764 32,986,906 48,214,586           64,541,170 66,233,676


42.5          Yield / Interest Rate Risk

              Yield risk is the risk of decline in earnings due to adverse movement of the yield curve. Interest rate risk is the risk that
              the value of financial instruments will fluctuate due to changes in the market interest rates. The Bank is exposed to various
              risks associated with the effects of fluctuations in the prevailing levels of market interest rates on its financial position
              and cash flows. The bank manages this risk by matching the re-pricing of assets and liabilities and off-balance sheet
              instruments.
42.6          Liquidity Risk
              The Bank defines liquidity risk as the risk that the Bank either does not have sufficient financial resources available to
              meet all its obligations and commitments as and when they fall due, or can access them only at excessive cost.
              Liquidity risk is managed through the Asset and Liability Committee ("ALCO"). This committee, chaired by the Chief
              Executive Officer, is responsible for both statutory and prudential liquidity.
              Liquidity risk is monitored through the internal liquidity risk management policy. A range of tools are used for the
              management of liquidity. These comprise commitment and wholesale borrowing guidelines, key balance sheet ratios,
              medium term funding requirements and day to day monitoring of future cash flows.
              In addition, liquidity contingency funding plans are reviewed periodically to ensure that alternative funding strategies are
              in place and can be implemented on a timely basis to minimise the liquidity risk that may arise due to unforeseen adverse
              changes in the market place.
              A substantial portion of the Bank’s assets are funded by customer deposits made up of current and savings accounts
              and other deposits. These customer deposits, which are widely diversified by type and maturity, represent a stable source
              of funds.
              The Bank also maintains significant levels of marketable securities either for compliance with local statutory requirements
              or as prudential investments of surplus funds.

                                                                                                                                                                         www.standardchartered.com.pk         202
             Standard Chartered Bank (Pakistan) Limited
             Notes to the Consolidated Financial Statements
             For the year ended 31 December 2007




      42.7            MATURITIES OF ASSETS AND LIABILITIES



                                                                                                                        2007
                                            Total          Upto one          Over one        Over three        Over six      Over one         Over three    Over two       Over five         Over ten
                                                            month            month to        months to        months to       year to          years to     years to        years to          years
                                                                           three months      six months        one year      two years        five years   three years     ten years

      Assets                                                                                                     (Rupees in '000)
      Cash and balances with
        treasury bank                        26,295,978      26,295,978               -                   -             -                -           -               -                 -                -
      Balances with other banks               1,626,517       1,626,517               -                   -             -                -           -               -                 -                -
      Lendings to financial
         institutions                        15,393,820      12,043,982         2,376,978         937,844           35,016            -              -              -               -                -
      Investments                            40,717,866       2,848,020         9,573,077       5,761,995        4,697,166      1,475,250        423,956      7,428,497       8,509,905              -
      Advances                              122,787,983      67,667,187        10,023,388       9,867,704        5,383,487      7,969,022      8,532,120      5,290,468       8,054,607              -
      Other assets                           17,040,102      16,923,306               -           116,796              -              -              -              -               -                -
      Operating fixed assets                  3,748,399         297,032            49,862          74,792          149,583        299,166        299,166        598,332         690,232        1,290,234
      Intangible assets                      28,233,852          55,463           110,926         166,389          332,778        523,724        397,136        373,438         178,357       26,095,641
      Deferred tax assets                     3,271,017             -                 -               -                -              -              -        3,271,017             -                -
                                            259,115,534     127,757,485        22,134,231      16,925,520       10,598,030     10,267,162      9,652,378     16,961,752      17,433,101       27,385,875
      Liabilities
      Bills payable                           6,637,388       6,637,388               -               -                -              -              -              -               -                -
      Borrowings                              6,882,731       6,807,969            74,762             -                -              -              -              -               -                -
      Deposits and other accounts           177,044,230     156,415,048        10,438,060       3,746,640        4,842,350      1,391,359        210,761             12             -                -
      Sub-ordinated loan - TFCs               1,912,455             336               -           236,826           36,132        179,509        370,999        849,052         239,601              -
      Other liabilities                      22,652,559      22,652,559               -               -                -              -              -              -               -                -
                                            215,129,363     192,513,300        10,512,822       3,983,466        4,878,482      1,570,868        581,760        849,064         239,601              -
                                             43,986,171     (64,755,815)       11,621,409      12,942,054        5,719,548      8,696,294      9,070,618     16,112,688      17,193,500       27,385,875
      Net assets
      Share capital                          38,715,850
      Reserves                                1,736,041
      Unappropriated profit                   3,031,159
      Surplus/(deficit) on revaluation
        of assets                              (257,059)
      Minority Interest                         760,180
                                            43,986,171


                                                                                                                        2006
                                            Total          Upto one          Over one        Over three        Over six      Over one         Over three    Over two       Over five         Over ten
                                                            month            month to        months to        months to       year to          years to     years to        years to          years
                                                                           three months      six months        one year      two years        five years   three years     ten years
      Assets                                                                                                     (Rupees in '000)
      Cash and balances with
        treasury bank                        22,797,769      22,797,769               -               -                 -                -           -               -                 -                -
      Balances with other banks               3,395,213       3,275,863               -           119,350               -                -           -               -                 -
      Lendings to financial
         institutions                         4,003,224       3,097,144           906,080                              -              -              -              -               -                   -
      Investments                            34,700,979       2,807,769         2,726,943       2,957,217       17,189,153        633,954      1,556,695      2,749,776       4,079,472
      Advances                              132,528,879      66,007,621        10,309,523       7,341,726        9,755,272      9,349,004      9,519,827     11,527,430       7,025,970        1,692,506
      Other assets                           16,942,399      10,915,066         5,542,085             -            485,248            -              -              -               -                -
      Operating fixed assets                  3,392,094          46,906           125,373         205,648          315,418        410,624        493,245        558,799       1,034,518          201,563
      Intangible assets                      29,066,687         920,602           632,519         741,654          856,843        985,658      1,494,804      3,198,523       3,261,980       16,974,104
      Deferred tax assets                     3,103,776         671,280               -               -                -              -              -        2,432,496             -                -
                                            249,931,020     110,540,020       20,242,523       11,365,595       28,601,934     11,379,240     13,064,571     20,467,024      15,401,940       18,868,173
      Liabilities
      Bills payable                           4,259,834       3,152,616         1,107,218              -               -                -           -                -                 -                -
      Borrowings                             22,984,618      17,017,796         4,531,219        1,226,869          12,067          166,667      30,000              -                 -                -
      Deposits and other accounts           156,568,436     114,605,661        28,037,367        6,615,991       6,891,280          315,587      90,000           12,540                10              -
      Sub-ordinated loan - TFCs               2,414,851       1,036,690         1,378,161              -               -                -           -                -                 -                -
      Liabilities against assets
         subject to finance lease                   736             736               -                -               -              -              -               -              -                -
      Other liabilities                      22,585,265      21,496,281               -                -         1,088,984            -              -               -              -                -
                                            208,813,740     157,309,780        35,053,965       7,842,860        7,992,331        482,254        120,000          12,540             10              -
                                             41,117,280     (46,769,760)      (14,811,442)      3,522,735       20,609,603     10,896,986     12,944,571      20,454,484     15,401,930       18,868,173
      Net assets
      Share capital                          38,715,850
      Reserves                                1,186,639
      Unappropriated/ Unremitted profit         777,888
      Surplus/(Deficit) on revaluation of
                                               (319,715)
      Minority interest                         756,618
                                             41,117,280




203   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Notes to the Consolidated Financial Statements
For the year ended 31 December 2007




42.8    Operational Risk

        Operational risk is the risk of a direct or indirect loss being incurred due to an event or action arising from the
        failure of technology, processes, infrastructure, personnel and other risks having operational risk impact.

        The Country Operational Risk Group ("CORG") has been established to ensure that an appropriate risk management
        framework is in place at a grass root level and to report, monitor and manage operational, social, ethical and
        environmental risk. The CORG is chaired by the Chief Executive Officer and CRO is an active member of this
        forum.

        All business units within the Bank monitor their operational risks using set standards and indicators. Significant
        issues and exceptions are reported to the CORG and are also picked up by independent Risk function for
        discussion at the Risk Committee chaired by CRO. Disaster recovery procedures, business contingency planning,
        self-compliance audits and internal audits also form an integral part of the operational risk management process.

43.     ISLAMIC BANKING BUSINESS

        The Bank is operating with 7 Islamic Banking branches at the end of current year as compared to 3 Islamic
        Banking branches last year.
                                                                                              2007             2006
                                                                                                (Rupees in '000)
        ASSETS
        Cash in hand                                                                            74,474                21,987
        Balances with and due from Financial Institutions                                    1,213,982               419,982
        Investments                                                                            685,999
        Financing and receivables
           - Murabaha                                                                        1,377,522               805,966
           - Diminishing Musharaka                                                           4,696,880             2,482,581
        Other assets                                                                           111,208                37,248
                                                                                             8,160,065             3,767,764
        LIABILITIES
        Deposits and other accounts
          - Current accounts                                                                 1,159,197               772,859
          - Savings accounts                                                                 2,627,341                88,334
          - Term deposits                                                                    1,787,839             1,149,501
          - Others                                                                                 -                  34,337
        Due to Head Office                                                                   1,449,653             1,033,933
        Other liabilities                                                                       89,342               129,918
                                                                                             7,113,372             3,208,882
        NET ASSETS                                                                           1,046,693               558,882

        REPRESENTED BY
        Islamic Banking Fund                                                                   200,000               200,000
        Reserves                                                                               846,567               358,882
        Surplus / (Deficit) on revaluation of assets - net                                         126                   -
                                                                                             1,046,693               558,882

        Remuneration to Shariah Advisor / Board                                                     -                      -
        Charity fund                                                                                -                      -

44.     DATE OF AUTHORIZATION
        These financial statements were authorized for issue in the Board of Directors meeting held on March 4, 2008.




   Badar Kazmi                     Shayne Nelson                  Ebenezer Essoka                  Munnawar Hamid
  Chief Executive                     Director                        Director                         Director
Dubai : March 04, 2008
                                                                                                        www.standardchartered.com.pk   204
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1
         Statement in respect of written-off loans or any other financial relief of five hundred thousand rupees or above as required under
         sub-section (3) of section 33A of the Banking Companies Ordinance, 1962 during the year ended 31 December, 2007.

                                                                                                            Outstanding Liabilities at       Amount Written off / Concession
                                                                                                             beginning of the year
                           Consolidated
          S. No.   Name & Address of the borrowers      Name of Individuals/    Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                                        Partners/Directors.
                                                        (NIC No./Passport)


          1        SOBIA MOHAMMAD                       SOBIA MOHAMMAD                                  1,094,932      -     -   1,094,932   1,094,932    -     -   1,094,932
                   557, J JOHAR TOWN                    35302-3744447-4
          2        NOMAN                                NOMAN                                           1,057,216      -     -   1,057,216     539,761    -     -       539,761
                   H # B-509, SECTOR 11-A,              42000-0509064-9
                   NORHT KARACHI
                   NEAR FOOTBALL GROUND UNITED
          3        NOMAN                                NOMAN                                           1,057,216      -     -   1,057,216     536,063    -     -       536,063
                   H#B-509 SECTOR 11-A,                 42000-0509064-9
                   NORTH KARACHI NEAR
                   FOOTBAL GROUND
          4        ABID HUSSAIN QURESHI                 ABID HUSSAIN QURESHI                              618,775      -     -    618,775      618,775    -     -       618,775
                   FLAT # A-88 4TH FLOOR ZOHRA          42201-7232546-5
                   SQUARE BLOCK-6 GULSHAN-E-IQBAL
          5        JUNAID KHAN                          JUNAID KHAN                                     1,072,320      -     -   1,072,320   1,072,320    -     -   1,072,320
                   FLAT # 10,1ST FLOOR. ROSE MARRY      42401-7931269-5
                   APP NASEEMABAD STOP. FB AREA
          6        RIZWAN AHMED                         RIZWAN AHMED                                      523,405      -     -    523,405      523,405    -     -       523,405
                   QUAID-E-AZAM BLOCK SUMMDRI           33100-7846508-9
                   ROAD HOUSE # 27
          7        SHABBIR AHMED                        SHABBIR AHMED                                     513,284      -     -    513,284      513,284    -     -       513,284
                   SHARIF PURA KOTLI BHUTA P.O          34603-2629401-7
                   UGOKI TEHSIL & DISTRICT
          8        M. HAROON RASHEED NORANI             M. HAROON RASHEED NORANI                          513,483      -     -    513,483      513,483    -     -       513,483
                   M-811, LIAQAT CHOWK,                 42401-3291468-9
                   GULSHAN-E-ZIA ORANGI TOWN
          9        FURQAN ZAHEER                        FURQAN ZAHEER                                     767,451      -     -    767,451      767,451    -     -       767,451
                   259-B, PEOPLES COLONY-1              33100-0602507-7
          10       RIAZ AHMED                           RIAZ AHMED                                        822,472      -     -    822,472      822,472    -     -       822,472
                   H # P-39,ST # 2                      33100-4376099-5
                   NEW HASEED SHAHEED COLONY
          11       MUHAMMAD ATIF KHAN                   MUHAMMAD ATIF KHAN                              1,020,475      -     -   1,020,475     503,567    -     -       503,567
                   H # R-904, SECTOR 15-A/2             42101-8842096-3
                   BUFFER ZONE
          12       SYED MAKHDOOM RAZA GILANI            SYED MAKHDOOM RAZA GILANI                         998,784      -     -    998,784      998,784    -     -       998,784
                   EE-34, DHA CANTT                     37405-0551328-9
          13       MUHAMMAD MAQSOOD BUTT                MUHAMMAD MAQSOOD BUTT                             658,033      -     -    658,033      658,033    -     -       658,033
                   B- 183 , ST # 6 NEW MOHALLA          37405-7280950-3
                   TRUNK BAZAR
          14       ASIM ALI KAZMI                       ASIM ALI KAZMI                                    986,826      -     -    986,826      986,826    -     -       986,826
                   H # 31/481 MIANA PUIRA TEH & DISTT   34603-2316230-9
          15       SYED ANAR HUSSAIN                    SYED ANAR HUSSAIN                                 628,975      -     -    628,975      628,975    -     -       628,975
                   HOUSE 27, STREET 4, WALET COLONY 37405-6680001-5
                   CHACK SCHEME III
          16       CHAUDHRY ABAID UR REHMAN             CHAUDHRY ABAID UR REHMAN                        1,035,980      -     -   1,035,980     510,255    -     -       510,255
                   H # 129-C, PEOPLES COLONY            33100-5321658-9
          17       SHEHZAD ALI                          SHEHZAD ALI                                       859,347      -     -    859,347      859,347    -     -       859,347
                   FDA FALT # 4                         33105-0297806-3
                   SURAW RD MHDINA TOWN
          18       MUHAMMAD HASIM                       MUHAMMAD HASIM                                    667,276      -     -    667,276      662,992    -     -       662,992
                   P- 226 STREET # 4 MAIN BAZAR         33100-3436932-3
                   MOHALLA SHARIF PURA
          19       MOHAMMAD SAEED                       MOHAMMAD SAEED                                    679,295      -     -    679,295      679,295    -     -       679,295
                   H # P-16, AL FAYAZ COLONY,           33100-4426929-5
                   ST # 2 NEAR JAMIA ISLAMIA IMDADIA
                   SATYANA RD
          20       SHEIKH NABEEL ZAFAR                  SHEIKH NABEEL ZAFAR                               820,493      -     -    820,493      820,493    -     -       820,493
                   52-B PEOPLES COLONY # 1,             33100-8179250-9
                   NEAR LASAL SCHOOL


205   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                   Outstanding Liabilities at       Amount Written off / Concession
                                                                                                    beginning of the year
                 Consolidated
S. No.   Name & Address of the borrowers      Name of Individuals/     Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other    Total
                                              Partners/Directors.
                                              (NIC No./Passport)


21       ASIM RAUF                            ASIM RAUF                                         773,950       -       -   773,950     773,950                  773,950
         P/9 , ST # 2 , TAJ COLONY            33100-6330140-5
         SARGODHA ROAD
22       ANWAR MEHMOOD                        ANWAR MEHMOOD                                     734,311       -       -   734,311     734,311                  734,311
         H # 7,ST # 23, MILKY RAM             35404-9230736-7
         ST RAILWAY ROAD
23       MUHAMMAD WAHID                       MUHAMMAD WAHID                                    621,498       -       -   621,498     621,498                  621,498
         H# 181-Q, PHASE II, DEFENE HOUSING   35201-0950445-5
24       MALLIK MUHAMMAD SARWAR NADEEM MALLIK MUHAMMAD SARWAR NADEEM                            710,271       -       -   710,271     710,271                  710,271
         H # 249 BLOCK- # 1                   35202-2780919-7
         SECTOR D-1 GREEN TOWN,
25       BASIT HUSSAIN                        BASIT HUSSAIN                                                   -       -         -     621,338                  621,338
         HOUSE # A-2, PHASE-1,                42301-1494936-3
         DEFENCE VIEW,
26       MUHAMMAD ABDUL SAMI                  MUHAMMAD ABDUL SAMI                                             -       -         -     520,553                  520,553
         FLAT # A/3 RUFI HEIGHTS              42201-0461071-1
         BLOCK # 17 GULISTAN-E-JOHAR
27       RANA MURTASIM AHMED                  RANA MURTASIM AHMED                               744,202       -       -   744,202     744,202                  744,202
         HOUSE # A-8, LONG LIFE BANGLOWS,     36502-1227967-1
         BLOCK-17, GULISTAN-E-JOHAR
28       MUNAF                                MUNAF                                            1,059,581      -       - 1,059,581     509,740                  509,740
         FLAT# 49/2, FIRST FLOOR              42201-4410297-3
         ZULEKHA MANZIL F.B AREA
29       SYED MUHAMMAD IBRAHIM NAQVI          SYED MUHAMMAD IBRAHIM NAQVI                      1,124,525      -       - 1,124,525     555,351                  555,351
         HOUSE NO.B-27, JAFFAR-E-TAYYAR       42501-9046732-7
         MALIR CITY SURVEY 640
30       IBRAHIM AMIN                         IBRAHIM AMIN                                                    -       -         -     524,390                  524,390
         ROOM NO. 312, RAFIQ PLAZA            35202-6647199-3
         DAVIS ROAD
31       MR. NAVEED MUKHTAR                   MR. NAVEED MUKHTAR                               1,049,700      -       - 1,049,700   1,498,098              1,498,098
         D-33, BLOCK L,
         NORTH NAZIMABAD, KARACHI.
32       SHAKEEL AHMED                        SHAKEEL AHMED                                    1,110,300      -       - 1,110,300     556,508                  556,508
         FLAT # D-7, DOWOOD                   42101-0337343-7
         HEIGHTS SECTOR 5-K,
         NORTH KARACHI
33       MANZOOR ALI                          MANZOOR ALI                                       450,000       -       -   450,000     659,456                  659,456
         HOUSE# 28, BLOCK# C-1,               42101-5064294-5
         CANTT BAZAR, MALIR CANTT
         NEAR SHELL PETROL PUMP
34       HUMAYON ASLAM                        HUMAYON ASLAM                                     642,793       -       -   642,793     642,793                  642,793
         1-F, 1/6, NAZIMABAD NO.1             42101-1581824-3
35       SYED ARIF SHAH                       SYED ARIF SHAH                                    756,718       -       -   756,718     756,718                  756,718
         PLOT # L-596, SHIREEN JINNAH         42301-0703832-5
         COLONY CLIFTON
36       M. MOMIN NAWAZ                       M. MOMIN NAWAZ                                    661,210       -       -   661,210     668,268                  668,268
         H NO. 481 BLOCK-W DHA LAHORE         42201-3976655-9
37       RAZA ARSHAD                          RAZA ARSHAD                                                     -       -         -     671,607                  671,607
         8 KASHMIR COMMERCIAL                 37405-6196610-1
         COMPLEX BLOCK 103 2-E,
         FAZAL -E-HAQ ROAD BLUE AREA
38       NAZIR AHMED CHUDHARY                 NAZIR AHMED CHUDHARY                              628,114       -       -   628,114     628,114                  628,114
         10-F, JOHAR TOWN,                    35202-2894812-7
39       FAHAD AYUB MERCHANT                  FAHAD AYUB MERCHANT                               952,604       -       -   952,604     952,604                  952,604
         EG-5/6 COUNTRY CLUB                  42301-2851136-1
         APPARTMENTS B-STREET, D-H-A
40       SHEIKH KHALID MEHMOOD                SHEIKH Individuals/
                                              Name of KHALID MEHMOOD                            604,278       -       -   604,278     593,981                  593,981
                                              Partners/Directors.
                                              35202-1758004-9
                                              (NIC No./Passport)


                                                                                                                                           www.standardchartered.com.pk   206
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                          Outstanding Liabilities at           Amount Written off / Concession
                           Consolidated                                                                    beginning of the year
          S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal       Interest Other   Total   Principal Interest Other     Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          41       ASHRAF ALI                        ASHRAF ALI                                          695,665         -    -    695,665     695,665     -     -        695,665
                   H # 72 STREET # 7                 35201-6676485-3
                   GREEN PARK SULTAN
                   MEHMOOD RD SHALIMAR RD
          42       SYED SHAHWAR ALI                  SYED SHAHWAR ALI                                    900,113         -    -    900,113     900,113     -     -        900,113
                   ST # BEHAR SHAD ROAD,             35202-8860425-1
                   AL FAISAL TOWN, D- BLOCK, CANT
          43       ZAHID HUSSAIN                     ZAHID HUSSAIN                                       535,720         -    -    535,720     535,720     -     -        535,720
                   SITAYANA ROAD,                    33100-7852757-7
                   HOUES NO P-191,
                   MOHALLA FATHABAD, BLOCK B,
          44       ZAFAR ALI KHAN                    ZAFAR ALI KHAN                                               -      -    -            -   661,429     -     -        661,429
                   HOUSE # 5 AREA 5-D LANDHI # 6     42201-5166037-3
          45       ANJUM SHEHZAD                     ANJUM SHEHZAD                                                -      -    -            -   645,041     -     -        645,041
                   HOUSE -113 AL HAMRA               42201-0796648-9
                   SOCIETY TIPU SULTAN ROAD
          46       MUHAMMAD IFTIKHAR KHAN            MUHAMMAD IFTIKHAR KHAN                                       -      -    -            -   645,024     -     -        645,024
                   HOUSE 11-A STREET -47 SEC F-7/1   17301-8012493-3
          47       ABRAR HUSSAIN                     ABRAR HUSSAIN                                                -      -    -            -   500,020     -     -        500,020
                   OFFICE # 3 PLOT # 46 I & T        35200-3907338-5
                   CENTRE G-11/1
          48       FAHEEM IRFAN AWAN                 FAHEEM IRFAN AWAN                                            -      -    -            -   637,712     -     -        637,712
                   H # 173 ARMY HOUSUNG COMPLEX      35201-0534292-5
                   ZARRAR SHAHEED ROAD
          49       AZHAR HUSSAIN                     AZHAR HUSSAIN                                       609,414         -    -    609,414     586,415     -     -        586,415
                   RUBY VILLAS, HOUSE NO.41          34603-3065784-1
                   KASHMIR ROAD
          50       RIZWAN MUSTUFA                    RIZWAN MUSTUFA                                      675,877         -    -    675,877     675,877     -     -        675,877
                   H # 12/86, HAMZA GHOUS            34603-7341411-3
                   PASRUR ROAD
          51       SYED HASSAN ABBAS                 SYED HASSAN ABBAS                                   848,022         -    -    848,022     848,022     -     -        848,022
                   FLAT # 5, BLOCK-# 3 G-10/2 ISB    61101-1382814-3
          52       SAIF UR REHMAN                    SAIF UR REHMAN                                      874,650         -    -    874,650     874,650     -     -        874,650
                   H # 11, ST # 2, GULBERG TOWN      35202-8056168-7
                   PAF CHAKLALA ROAD
          53       SOHAIL FAROOQ                     SOHAIL FAROOQ                                     1,122,445         -    -   1,122,445    543,278     -     -        543,278
                   167/Z , BLK-B ADAMJEE NAGAR,      42201-6633730-5
                   AMEER KHUSRO ROAD
          54       MUHAMMAD NAZIM                    MUHAMMAD NAZIM                                    1,078,476         -    -   1,078,476    533,051     -     -        533,051
                   H # B-195/5 ROSHAN BAGH           42101-5476074-3
                   SOCIETY F.B AREA BLOCK-19
          55       MUBASHAR AFZAL YOUSAF ZAI         MUBASHAR AFZAL YOUSAF ZAI                           753,537         -    -    753,537     753,537     -     -        753,537
                   FLAT NO 2 BLOCK 85 ST NO 32       61101-4148498-5
                   I & T CENTER G 9/1 ISL
          56       ZULFIQAR ALI                      ZULFIQAR ALI                                        605,301         -    -    605,301     605,301     -     -        605,301
                   H NO 804 ST 72 I-8/3 ISB          246-60-276850
          57       SYED SIKANDER ALI SHAH            SYED SIKANDER ALI SHAH                              660,326         -    -    660,326     660,326     -     -        660,326
                   195-A-LANE NO-18 STREET NO-7      707-92-431643
                   GULREZ COLONY PHASE-II RWP
          58       M USMAN                           M USMAN                                             556,778         -    -    556,778     556,778     -     -        556,778
                   H NO NA -301 7TH                  1330138189253
                   ROAD ST TOWN RWP
          59       ABDUL SAMAD SATTAR                ABDUL SAMAD SATTAR                                  742,051         -    -    742,051     742,051     -     -        742,051
                   H NO D 1 DAWOOD COLONY            513-72-040166
                   REAL T V STATION KHI
          60       NAVEED HUSSAIN                    NAVEED HUSSAIN                                      698,749         -    -    698,749     698,749     -     -        698,749
                   HOUSE B 735 BLOCK 13              523-79-017088
                   F B AREA KARACHI


207   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                 Outstanding Liabilities at       Amount Written off / Concession
                 Consolidated                                                                     beginning of the year
S. No.   Name & Address of the borrowers     Name of Individuals/    Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                             Partners/Directors.
                                             (NIC No./Passport)


61       GULAB DIDUG                         GULAB DIDUG                                     550,422        -     -    550,422    550,422       -    -       550,422
         IZHAN GARDEN PLOT NO JM 91          532-71-296440
         FLAT NO 602 6TH FLOOR PARSI
         COLONY SOLDIER BAZAR KHI
62       DANISH RANA                         DANISH RANA                                     648,974        -     -    648,974    648,974       -    -       648,974
         H NO D 3 01 MALIR COLONY KHI        519-79-527918
         SAUD ABAD
63       AGHA ISRAR AHMED KHAN               AGHA ISRAR AHMED KHAN                           1,172,408      -     - 1,172,408     1,172,408     -    -   1,172,408
         OFF KHAYABAN-E-QASIM 197/II,        4230197048143
         PHASE 8 D.H.A KARACHI
64       SHAHID AHMED SIDDIQUI               SHAHID AHMED SIDDIQUI                           599,550        -     -    599,550    599,550       -    -       599,550
         FLAT NO A 41 ERUM GARDEN            502-65-067407
         BLOCK 13 D GULSHAN E IQBAL KHI
65       MONEEB KHALIQ KHAN                  MONEEB KHALIQ KHAN                              815,690        -     -    815,690    815,690       -    -       815,690
         F 23 DEFENCE VIEW PHASE 2 DHA KHI   42301-4985801-3
66       IJAZ AHMED                          IJAZ AHMED                                      643,687        -     -    643,687    643,687       -    -       643,687
         FLR PLOT NO.613 D 27 FLR COMMON     35404-3426277-5
         STREET TOHID COMMERCIAL STREET
67       HUSSAIN                             HUSSAIN                                         700,000        -     -    700,000    700,000       -    -       700,000
         PAINT HOUSE - 06, 7TH FLOOR,        0
         PHASE11, BAITUL HINA BLOCK 18,
         GULISTAN-E-JOHAR, KHI
68       SAEED AHMED                         SAEED AHMED                                     547,178        -     -    547,178    547,178       -    -       547,178
         256 B REVENUE HOUSING SOCIETY       267-91-076528
         COLLEGE ROAD TOWNSHIP LHR
69       FAROOQ FAISAL                       FAROOQ FAISAL                                   508,427        -     -    508,427    508,427       -    -       508,427
         HOUSE NO 19 GALI NO 8 AMIN PARK     135-92-487002
         AFTAB CHOWK RAVI ROAD LHR
70       RAJA RIAZ AHMAD                     RAJA RIAZ AHMAD                                 1,147,808      -     - 1,147,808     1,147,808     -    -   1,147,808
         H NO-49, BABAR BLOCK                210-65-856041
         NEW GARDEN TOWN LHR
71       SHIEKH TANVEER                      SHIEKH TANVEER                                  538,912        -     -    538,912    538,912       -    -       538,912
         HOUSE NO-280 ST-6 G-4               502-67-170281
         WAPDA TOWN LAHORE
72       AAMIR WAQAR                         AAMIR WAQAR                                     604,844        -     -    604,844    604,844       -    -       604,844
         H NO E 4/1 BILAL TOWN ARIF ABAD     279-76-800193
         BEADIAN ROAD LHR
73       MOHAMMAD AZEEM                      MOHAMMAD AZEEM                                  624,682        -     -    624,682    624,682       -    -       624,682
         H NO 260 A ST NO 42 A RAJA WALA     35202-2496885-5
         BAGH CHAH MEERA LHR
74       ATTA ULLAH                          ATTA ULLAH                                      601,530        -     -    601,530    601,530       -    -       601,530
         57 A NISAR ROAD LHR CANTT           247-72-278558
75       M ZULFIQAR ALI                      M ZULFIQAR ALI                                  572,392        -     -    572,392    572,392       -    -       572,392
         HOUSE NO-9-D STREET-37 BASTAMI      266-93-361069
         ROAD SAMANABAD LAHORE
76       FAROOQ ANWAR                        FAROOQ ANWAR                                    526,200        -     -    526,200    526,200       -    -       526,200
         10 MEHRAN BLOCK                     272-56-589516
         ALLAMA IQBAL TOWN LAHORE
77       JAVED IQBAL HASHMI                  JAVED IQBAL HASHMI                              579,855        -     -    579,855    579,855       -    -       579,855
         SUIT NO 8 MARKET 2ND FLOOR          252-71-218844
         OLD ORIGA COMPLEX
         MAIN MARKET GULBERG LAHORE
78       MIAN MOHAMMAD AKRAM                 MIAN MOHAMMAD AKRAM                             663,534        -     -    663,534    663,534       -    -       663,534
         HOUSE - 339-A NISHTAR BLOCK         276-70-104567
         ALLAMA IQBAL TOWN LHR
79       RASHID                              RASHID                                          665,232        -     -    665,232    665,232       -    -       665,232
         H-NO-5, ST-NO-1, SCHEME NO-2,       278-80-673616
         SHAD BAGH LHR


                                                                                                                                            www.standardchartered.com.pk   208
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                          Outstanding Liabilities at       Amount Written off / Concession
                           Consolidated                                                                    beginning of the year
          S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          80       EJAZ UD DIN QURESHI                 EJAZ UD DIN QURESHI                            585,593        -     -    585,593    585,593      -     -       585,593
                   H-148-BLOCK A NEW TAJ PURA          271-58-006004
                   SCHEME LDA LHR,
          81       ABDUL MANAN                         ABDUL MANAN                                    514,813        -     -    514,813    514,813      -     -       514,813
                   HOUSE NO-B-49 BLOCK-B MEMON         451-90-029243
                   CO OPERATIVE HOUSING
                   SOCIETY QASIMABAD HYD
          82       MIRZA MOHAMMAD ASIF                 MIRZA MOHAMMAD ASIF                            567,130        -     -    567,130    567,130      -     -       567,130
                   H NO 193 EAST CHOBARA               305-89-210236
                   TEHSIL PASRUR DISTT SKT
          83       BILAL AFZAL MALIK                   BILAL AFZAL MALIK                              760,950        -     -    760,950    760,950      -     -       760,950
                   CIRCULAR ROAD H NO 26/127           34603-4275165-7
                   MOHALLA TIBBA HAIDER PARK SKT
          84       JAWAHAD SAEED                       JAWAHAD SAEED                                  621,765        -     -    621,765    621,765      -     -       621,765
                   HOSE NO 23/207                      300-82-604327
                   MOHALLAH MORI GATE SIALKOT
          85       MOHAMMAD NAWAZ BHATTI               MOHAMMAD NAWAZ BHATTI                          527,262        -     -    527,262    527,262      -     -       527,262
                   GALI NO 3 MOHALLA AFZAL             285-56-395032
                   PURA DHULLAY GRW
          86       WASEEM ISLAM BAJWA                  WASEEM ISLAM BAJWA                             566,710        -     -    566,710    566,710      -     -       566,710
                   HOUSE NO 5 B MOH                    285-78-772913
                   MODEL TOWN GRW
          87       MOHAMMAD EJAZ                       MOHAMMAD EJAZ                                  592,881        -     -    592,881    592,881      -     -       592,881
                   ARBAN AREA ST NO 7 BLOCK 29         231-65-163990
                   SARGODHA
          88       ASGHAR SOHAIL KAMOKA                ASGHAR SOHAIL KAMOKA                           618,712        -     -    618,712    618,712      -     -       618,712
                   P 14 ST NO 2 MOHALLA DUDI           244-91-404539
                   WALA GARBI GHOSIA BAZAR FSD
          89       M BOOTA                             M BOOTA                                        514,917        -     -    514,917    514,917      -     -       514,917
                   CHAK NO 188 R B IQBAL NAGAR         247-65-194936
                   JHUMRA ROAD FSD
          90       MOHAMMAD SHAHZAD                    MOHAMMAD SHAHZAD                               629,315        -     -    629,315    629,315      -     -       629,315
                   P 303 ST NO 11 NEAR IQBAL           33100-6750636-1
                   STADIUM ISLAM NAGAR FSD
          91       ALI RAZA                            ALI RAZA                                       551,845        -     -    551,845    551,845      -     -       551,845
                   449 WEAVERS COLONY                  246-81-497647
                   G M ABAD FAISALABAD
          92       GHULAM ABBAS                        GHULAM ABBAS                                   574,185        -     -    574,185    574,185      -     -       574,185
                   KOTHI NO 10 OLD CIVIL               232-83-316033
                   LINE COLONY SARGODHA
          93       MUHAMMVAD FAROOQ                    MUHAMMAD FAROOQ                                516,555        -     -    516,555    516,555      -     -       516,555
                   P-243-244 ST-03 SARFARAZ COLONY FSD 244-57-390746
          94       KALEEM AHMED KHAN                   KALEEM AHMED KHAN                              549,532        -     -    549,532    549,532      -     -       549,532
                   HOUSE NO 119-B SHEIKH               244-76-384049
                   COLONY JHUNG ROAD FASALABAD
          95       ALI ASGHAR                          ALI ASGHAR                                     676,622        -     -    676,622    676,622      -     -       676,622
                   HOUSE - 733,                        244-73-131189
                   PEOPLES COLONY - 1,
                   BLOCK B, FAISALABAD
          96       AMJAD ALI                           AMJAD ALI                                      568,814        -     -    568,814    568,814      -     -       568,814
                   P - 242 H BLOCK, ALLAMA IQBAL       245-75-282172
                   COLONY, FAISALABAD
          97       M SHAFIQ                            M SHAFIQ                                       544,395        -     -    544,395    544,395      -     -       544,395
                   H NO 2068/A AGA PURA                322-86-024416
                   BAROON DEHLI GATE MLT
          98       SIDDRA RIAZ                         SIDDRA RIAZ                                    625,105        -     -    625,105    625,105      -     -       625,105
                   H NO 12 ST NO 12 GREEN HUTS         36302-7364895-6
                   ZAKRIA TOWN MULTAN


209   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                   Outstanding Liabilities at           Amount Written off / Concession
                  Consolidated                                                                      beginning of the year
 S. No.   Name & Address of the borrowers    Name of Individuals/      Father/Husband's Name   Principal       Interest Other   Total   Principal Interest Other     Total
                                             Partners/Directors.
                                             (NIC No./Passport)


99        HABIB AHMED                        HABIB AHMED                                         795,780          -     -   795,780       795,780    -     -       795,780
          HOUSE NO 3 GALI DR LATIF           323-86-656864
          ULLAH NUSRAT SHAHEED ROAD
          MUMTAZABAD COLONY MULTAN
100       ATTA UR REHMAN                     ATTA UR REHMAN                                      532,080          -     -   532,080       532,080    -     -       532,080
          KHAN VILLAS - 5 ST - 1 NEW WAQAS   322-80-697364
          TOWN NEAR CHUNG -1 MULTAN
101       ZAKA UD DIN YOUSAF                 ZAKA UD DIN YOUSAF                                1,112,278          -     - 1,112,278     1,112,278    -     - 1,112,278
          HOUSE NO 9-B,SHADMAN II LHR        272-47-291015
102       MAZHAR ALI                         MAZHAR ALI                                          508,250          -     -   508,250       508,250    -     -       508,250
          QAMAR MANZIL PLOT M I I E 1013     506-53-128743
          BLOCK C 3RD FLOOR ST NO 26
          ALAMGIR ROAD SHERSHAH KHI
103       INTERNATIONAL AIR LINES            INTERNATIONAL AIR LINES                                       -      -     -           -     565,961    -     -       565,961
                                             -
104       YAWAR HUSSAIN SHAH                 YAWAR HUSSAIN SHAH                                            -      -     -           -     523,511    -     -       523,511
          H NO F 1017 AWAN MARKET SONERI     276-52-127570
          MASJID KASHMIRI BAZAR LHR
105       INTERNATIONAL AIR LINES            INTERNATIONAL AIR LINES                                       -      -     -           -     576,644    -     -       576,644
                                             -
106       CH SARFARAZ AFZAL                  CH SARFARAZ AFZAL                                 3,861,317          -     - 3,861,317     3,861,317    -     - 3,861,317
          H NO 1 WALLAYAT MANZIL             210-75-614572
          SALLAYAL KHAN ROAD GULRAZI
107       S AQIB RAZA NAQVI                  S AQIB RAZA NAQVI                                             -      -     -           -     573,920    -     -       573,920
          H NO 456 457 HUNZA BLOCK           271-65-013363
          ALLAMA IQBAL TOWN LHR
108       MOHAMMAD NASIR                     MOHAMMAD NASIR                                      593,552          -     -   593,552       593,552    -     -       593,552
          CHAK NO 47 NB NEAR GIRLS           231-75-244212
          HIGH SCHOOL SARGODHA
109       AQEEQ-UR-REHMAN                    AQEEQ-UR-REHMAN                                               -      -     -           -     515,585    -     -       515,585
          626/3,Z-BLOCK DHA LHR              265-92-385537
110       NAEEM ISMAIL                       NAEEM ISMAIL                                                  -      -     -           -     709,626    -     -       709,626
          134-EI GULBERG 3 LHR               270-50-075805
111       HUSSAIN FAROOQ ARSHAD              HUSSAIN FAROOQ ARSHAD                                         -      -     -           -     618,244    -     -       618,244
          HOUSE NO 23-S, DHA LHR             252-79-462354
112       MIRZA QASWEER BAIG                 MIRZA QASWEER BAIG                                            -      -     -           -     655,996    -     -       655,996
          6-S-I ST 3 MUSLIM RD               269-78-466454
          UTTAM NAGAR SAMNABAD LHR
113       SH ABDUL SALMAN                    SH ABDUL SALMAN                                               -      -     -           -     516,752    -     -       516,752
          P-142, ST NO 5,                    245-53-023723
          BAZAR NO 2, RAZABAD FSD
114       SHAHBAZ ASLAM                      SHAHBAZ ASLAM                                                 -      -     -           -     573,151    -     -       573,151
          HOUSE NO 768 X BLOCK DHA LHR       277-68-161003
115       WAQAR NADIR JOURA                  WAQAR NADIR JOURA                                             -      -     -           -     523,090    -     -       523,090
          NADIR HOUSE REHMAN                 224-89-151107
          SHAHEED RD GJW
116       SHAHZAD ALI JATOI                  SHAHZAD ALI JATOI                                             -      -     -           -     605,082    -     -       605,082
          51/1 KHAYABAN E JANBAZ             501-79-923016
          PHASE 5 DHA KHI
117       M BILAL LONE                       M BILAL LONE                                                  -      -     -           -     572,259    -     -       572,259
          LONE HOUSE MUARADIA RD             300-94-513285
          MODLE TOWN SKT
118       NIAZ AHMED RAI                     NIAZ AHMED RAI                                                -      -     -           -     517,122    -     -       517,122
          HOUSE NO 459 NIZAM BLOCK           373-50-226697
          ALLAMA IQBAL TOWN LHR
119       ARIF WAHEED QURESHI                ARIF WAHEED QURESHI                                           -      -     -           -     658,033    -     -       658,033
          HOUSE NO.155                       35202-3013304-9
          SECTOR A-1 TOWNSHIP LHR


                                                                                                                                               www.standardchartered.com.pk   210
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                                   Outstanding Liabilities at       Amount Written off / Concession
                                                                                                                    beginning of the year
                            Consolidated
          S. No.    Name & Address of the borrowers       Name of Individuals/      Father/Husband's Name   Principal     Interest Other    Total   Principal Interest Other     Total
                                                          Partners/Directors.
                                                          (NIC No./Passport)


          120      M BABAR                                 M BABAR                                             -              -        -        -   607,830      -      -      607,830
                   402-C ALMUSTAFA                         510-60-385624
                   HOMES TOWN CLIFTON KHI
          121      SH NAVEED IMTIAZ                        SH NAVEED IMTIAZ                                   -              -        -         -   607,759      -      -      607,759
                   P-636/4 ST NO.16 MAIN BAZAR             33100-8237373-5
                   MANSURABAD, FSD
          122      ZAHID FAIZ                              ZAHID FAIZ                                         -              -        -         -   618,029      -      -      618,029
                   P-102,OLD YOUNG WALA                    246-65-005479
                   AGRICULTURE UNIVERSITY FSD
          123      M IMRAN                                 M IMRAN                                            -              -        -         -   608,372      -      -      608,372
                   113/A3-PUNJAB EMPLOYEES                 270-78-612908
                   COPRATIVE HOUSING SOCIETY LHR
          124      MEHMOOD QAISER NAZ                      MEHMOOD QAISER NAZ                                 -              -        -         -   608,066      -      -      608,066
                   HOUSE NO 66-A,ST NO 4,                  518-63-313061
                   FAISAL COLONY AIRPORT RWP
          125      NAJEED HAIDER                           NAJEED HAIDER                                      -              -        -         -   727,451      -      -      727,451
                   94/5.A.TUFAIL RD LHR                    274-68-471308
          126      SH M FARHAN QURESHI                     SH M FARHAN QURESHI                                -              -        -         -   514,969      -      -      514,969
                   HOUSE NO 16 DATA STREET 23              271-78-391544
                   HAJI BLOCK LHR (SODIWAL QATAR)
          127      ASAD AHMED ASAD                         ASAD AHMED ASAD                                    -              -        -         -   518,658      -      -      518,658
                   HOUSE NO 508 IBN E SINA RD G-9-3 ISL    61101-5583769-9
          128      AQEEL AHMED RANA                        AQEEL AHMED RANA                                   -              -        -         -   728,303      -      -      728,303
                   NA-349 7TH RD SATELLITE TOWN RWP        220-74-489182
          129      S M MASOOM HUSSAIN                      S M MASOOM HUSSAIN                                 -              -        -         -   507,062      -      -      507,062
                   105-B CANAL VIEW LHR                    267-54-349861
          130      ADNAN LATIF KHAN                        ADNAN LATIF KHAN                                   -              -        -         -   657,921      -      -      657,921
                   HOUSE NO 103 ST NO 17A                  211-72-158316
                   CHAKLALA SCHEME 3 RWP
          131      ASHRAF KHAN                             ASHRAF KHAN                                        -              -        -         -   518,240      -      -      518,240
                   119-A G-III JOHAR TOWN LHR              212-60-017480
          132      AZHAR MUKHTAR SADDIQUE                  AZHAR MUKHTAR SADDIQUE                             -              -        -         -   520,626      -      -      520,626
                   154-CHENAB BLOCK ALLAMA                 272-64-089475
                   IQBAL TOWN LHR
          133      M ISMAIL SHEIKH                         M ISMAIL SHEIKH                                    -              -        -         -   511,927      -      -      511,927
                   BUNGLOW NO C-90 SHARIF SQUARE           451-90-104469
                   HUSSAINABAD RD HYD
          134      SHAHZAD SATTAR RAJA                     SHAHZAD SATTAR RAJA                                -              -        -         -   515,791      -      -      515,791
                   HOUSE NO 1185, ST NO 82, G-9/4, ISL     517-72-159883
          135      MUBASHIR KHAN                           MUBASHIR KHAN                                      -              -        -         -   615,063      -      -      615,063
                   HOUSE NO 24, MOON COLONY,               275-72-387116
                   SAMANABAD LHR
          136      M NADEEM                                M NADEEM                                           -              -        -         -   576,360      -      -      576,360
                   HOUSE NO 09 ST NO 30 ,                  35202-2538350-5
                   ABDULLAH STREET CHAH MIRAN LHR
          137      HAMID ZAHEER                            HAMID ZAHEER                                       -              -        -         -   612,851      -      -      612,851
                   HOUSE NO 49, ST NO 33 ,F-8/1 ISL        61101-9104004-5
          138      MEHMOOD UL HASAN                        MEHMOOD UL HASAN                                   -              -        -         -   613,303      -      -      613,303
                   CHAK NO 203 R.B MALIK PUR               296-93-029474
                   NISHAT ABAD FSD
          139      MIRZA AMJAD MEHMOOD                     MIRZA AMJAD MEHMOOD                                -              -        -         -   519,676      -      -      519,676
                   HOUSE NO 1098/A, MOHALLAH               37405-6724499-5
                   ABBASIABAD,STADIUM RD RWP
          140      BAHADAR ALI                             BAHADAR ALI                                        -              -        -         -   731,362      -      -      731,362
                   HOUSE D-138 SATELLITE TOWN RWP          15602-9502602-9
          141      BASHARAT ALI QADRI                      BASHARAT ALI QADRI                                 -              -        -         -   519,822      -      -      519,822
                   HOUSE NO 16 ST NO 03 HAJI PARK          271-90-052191
                   BLOCK NO 23 SADIWAL QUARTER LHR


211   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                   Outstanding Liabilities at       Amount Written off / Concession
                                                                                                    beginning of the year
                  Consolidated
S. No.    Name & Address of the borrowers     Name of Individuals/     Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                              Partners/Directors.
                                              (NIC No./Passport)


142      IFTIKHAR BASHIR CHEEMA               IFTIKHAR BASHIR CHEEMA                              -           -       -         -   613,357      -     -       613,357
         E-273/1 ST NO 1 RIFFLE               335-92-156158
         RANGE RD LHR CANTT
143      M KHAN                               M KHAN                                              -           -       -         -   613,757      -     -       613,757
         HOUSE NO CA 256 SIDDIQUE             61101-1970193-9
         CHOWK SATELLITE TOWN RWP
144      M ARSHAD BUTT                        M ARSHAD BUTT                                       -           -       -         -   522,717      -     -       522,717
         15-S 4/3, AMNA BUTT CLINIC,          265-93-317976
         MAIN BAZAR KARAM NAGAR
         KHOKHAR RD BADAMI, BAGH LHR
145      SIDDIQUE ALI BHATTI                  SIDDIQUE ALI BHATTI                                 -           -       -         -   582,696      -     -       582,696
         HOUSE NO 34/374,                     300-80-384065
         ALLAMA IQBAL STREET SKT
146      ATTA MOHAMMAD                        ATTA MOHAMMAD                                       -           -       -         -   516,395      -     -       516,395
         BANGLOW NO 19GULSHAN E DASTAGIR 452-86-164905
         HALA NAKA SOCIETY HYD
147      MUSHTAQ AHMED MEMON                  MUSHTAQ AHMED MEMON                                 -           -       -         -   524,011      -     -       524,011
         FLAT NO 16 B 1ST FLOOR               450-50-131461
         WAPDA POWER WING COLONY HYD
148      IMRAN BASHIR                         IMRAN BASHIR                                        -           -       -         -   513,791      -     -       513,791
         836/P GALI NO 7,                     246-92-435807
         RAJA GHULAM RASOOL NIGHAR FSD
149      SALMAN SAEED PARACHA                 SALMAN SAEED PARACHA                                -           -       -         -   523,420      -     -       523,420
         74-A PCSIR SOCIETY PHASE I LHR       231-79-302764
150      ATIF WAHEED                          ATIF WAHEED                                         -           -       -         -   660,978      -     -       660,978
         D-47 BLOCK 5 FB AREA KHI             42101-0145180-5
151      SYD ALI IMRAN                        SYED ALI IMRAN                                      -           -       -         -   612,557      -     -       612,557
         HOUSE F-148/3, MARTIN                359-91-412526
         QTR TEEN HATTI KHI
152      M TALHA TARIQ KHAN                   M TALHA TARIQ KHAN                                  -           -       -         -   611,773      -     -       611,773
         94/3 10TH LANE KHAYABAN E SEHAR      274-61-313293
         PHASE VI DHA KHI
153      DAWOOD NASIR PAUL                    DAWOOD NASIR PAUL                                   -           -       -         -   574,676      -     -       574,676
         15/1-B KHAYABAN E SHUJAT             551-74-605085
         PHASE V, DHA KHI
154      UMAR KHAN                            UMAR KHAN                                           -           -       -         -   518,619      -     -       518,619
         HOUSE NO 58-G BLOCK 6 NEAR AMBALA 517-81-554640
         BAKERS PECHS KHI
155      SYD FARRUKH MIAN ZAIDI               SYD FARRUKH MIAN ZAIDI                              -           -       -         -   571,996      -     -       571,996
         F-46, ASKARI -4 RASHID MINHAS RD KHI 439-91-223705
156      JAVED MEHTAB                         JAVED MEHTAB                                        -           -       -         -   517,869      -     -       517,869
         23-C LANE NO12 KHYABAN E ITTEHAD     217-90-231309
         DHA PHASE 2 COMMERCIAL AREA KHI
157      ABDUL SAMAD SATTAR                   ABDUL SAMAD SATTAR                                  -           -       -         -   731,619      -     -       731,619
         H NO D 1 DAWOOD COLONY               513-72-040166
         REAL T V STATION KHI
158      AMJAD MEHMOOD                        AMJAD MEHMOOD                                       -           -       -         -   530,844      -     -       530,844
         8 PARK VIEW BLOCK 9 CLIFTON KHI      213-60-051532
159      NOREEN DURRANI                       NOREEN DURRANI                                      -           -       -         -   522,806      -     -       522,806
         2/1 KHAYABAN E BEHRIA                502-85-146924
         PHASE V DHA KHI
160      FAHEEM AHMED ZIA                     FAHEEM AHMED ZIA                                    -           -       -         -   665,541      -     -       665,541
         168/1 CP AND BERAR SOCIETY           517-78-308090
         BLK 7/8 KHI
161      YASMEEN GHAGAS                       YASMEEN GHAGAS                                      -           -       -         -   633,841      -     -       633,841
         B 123 BL I NORTH NAZIAMABAD KHI      501-60-629227
162      M ASLAM                              M ASLAM                                             -           -       -         -   711,080      -     -       711,080
         C-40,BLOCK D NORTH NAZIMABAD KHI     502-56-518526


                                                                                                                                           www.standardchartered.com.pk   212
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                             Outstanding Liabilities at       Amount Written off / Concession
                            Consolidated                                                                      beginning of the year
          S. No.    Name & Address of the borrowers    Name of Individuals/      Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other     Total
                                                       Partners/Directors.
                                                       (NIC No./Passport)


          163      IRFANA MEHMOOD                              IRFANA MEHMOOD                                   -       -        -        -   715,526      -      -      715,526
                   B-157 BLOCK L N.NAZIMABAD KHI               502-64-898313
          164      KHAWAJA SHUJAAT HUSSAIN                     KHAWAJA SHUJAAT HUSSAIN                          -       -        -        -   737,594      -      -      737,594
                   BUNGLOW NO C-7, RUFI SPRING FIELD           517-63-510546
                   ABUL HASSAN ISPHANI RD KHI
          165      M NAEEM BASIL                               M NAEEM BASIL                                    -       -        -        -   513,246      -      -      513,246
                   390 BLOCK KARIM BLOCK                       272-72-154798
                   ALLLAMA IQBAL TOWN LHR
          166      MURTAZA HUSSAIN                             MURTAZA HUSSAIN                                  -       -        -        -   737,149      -      -      737,149
                   148-A/4, FALAH RD ST NO 15,                 508-62-046412
                   BEHAR COLONY KHI
          167      HAJI ATTA MOHAMMAD                          HAJI ATTA MOHAMMAD                               -       -        -        -   718,696      -      -      718,696
                   BUNGLOW NO 19 GULISTAN E DASTAGIR           452-86-164905
                   HALA NAKA SOCIETY HYD
          168      GHULAM NABI                                 GHULAM NABI                                      -       -        -        -   517,819      -      -      517,819
                   B-7 JASON COASTAL VIEW                      517-70-366683
                   BLOCK 3 CLIFTON KHI
          169      JUNAID AFZAL                                JUNAID AFZAL                                     -       -        -        -   520,656      -      -      520,656
                   HOUSE NO 73, TULSA RD,                      210-78-526727
                   SHERZAMAN COLONY RWP
          170      NOOR ULLAH                                  NOOR ULLAH                                       -       -        -        -   504,756      -      -      504,756
                   BANGLOW NO 3 EXTENSION GULSHAN E            403-93-198180
                   BAKHTAWAR PHASE II QASIMABAD HYD
          171      MUHAMMAD ASHFAQ                             MUHAMMAD ASHFAQ                           766,281        -        - 766,281    766,281      -      -      766,281
                   NEAR MASJID CHAH AAJRIAN                    300-71-530255
                   MUHALLAH MUBARIK PURA SIALKOT
          172      FAQIR MOHAMMAD                              FAQIR MOHAMMAD                            569,221        -        - 569,221    569,221      -      -      569,221
                   HOUSE NO-C-222 STREET-10                    522-88-017096
                   BLOCK GADAP TOWN
                   YOUSAF KHAN SAHAB GOTH KHI
          173      HASSAN ALI AGHA                             HASSAN ALI AGHA                           518,507        -        - 518,507    518,507      -      -      518,507
                   AGHA HOUSE LEHTARAR                         101-94-616147
                   ROAD SATRA MEEL DAK KHANA
                   JHANG SYEDAN ISL
          174      SYED EJAZ ABBAS GILANI                      SYED EJAZ ABBAS GILANI                    506,030        -        - 506,030    506,030      -      -      506,030
                   HOUSE NO 786 MOHALLAH                       101-81-366093
                   SAYYADAN KOT HATHYAL
                   DAKHANA BARA KAHU ISD
          175      HASEEN KHAN URF PAPPU                       HASEEN KHAN URF PAPPU                            -       -        -        -   561,985      -      -      561,985
                   9-B1 BLK NO 14 COLLEGE                      274-61-143714
                   RD TOWNSHIP LHR
          176      M NAEEM                                     M NAEEM                                          -       -        -        -   743,678      -      -      743,678
                   HOUSE NO 125 B BLOCK DHA LHR                333-65-177860
          177      MIAN M ASLAM                                MIAN M ASLAM                                     -       -        -        -   520,089      -      -      520,089
                   HOUSE NO 37,KAUSAR COLONY                   232-54-422072
                   NEAR Q-BLOCK MODEL TOWN LHR
          178      M SAMI BUTT                                 M SAMI BUTT                                      -       -        -        -   620,475      -      -      620,475
                   7/12 MAIN BAZAR ARAM NAGAR                  275-93-376163
                   KHOKHAR RD BADAMI BAGH LHR
          179      M NOMAN BUTT                                M NOMAN BUTT                              510,279        -        - 510,279    510,279      -      -      510,279
                   MAIN HIGH COURT ROAD, NEAR GULRAZE
                   GATE 2, CHAKLALA SCHEME III RWP.
          180      FAYAZ AHMED                                 FAYAZ AHMED                               670,405        -        - 670,405    670,405      -      -      670,405
                   H-687-B, NEELAM BLOCK                       35202-3067509-7
                   ALLAMA IQBAL TOWN LHR,
          181      SYED ALI MAZHAR NAQVI                       SYED ALI MAZHAR NAQVI                            -       -        -        -   575,205      -      -      575,205
                   HOUSE -22/23, RAVI PARK                     35202-2824917-1
                   QILA LACHMAN SINGH LHR


213   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                    Outstanding Liabilities at       Amount Written off / Concession
                  Consolidated                                                                       beginning of the year
S. No.    Name & Address of the borrowers        Name of Individuals/   Father/Husband's Name   Principal Interest Other Total       Principal Interest Other     Total
                                                 Partners/Directors.
                                                 (NIC No./Passport)


182      MUBEEN AHMED                        MUBEEN AHMED                                       811,541    -         -   811,541     811,541       -    -       811,541
         211/1-U, DHA LHR CANTT.             270-66-574444
183      NADEEM AFZAL                        NADEEM AFZAL                                       587,389    -         -   587,389     587,389       -    -       587,389
         H- G5, MOHALLA STAFF COLONY,        -
         CIVIL HOSPITAL, DAKKHANA ZILA
         KUTCHERY, GRW.
184      SHAHID NAWAB SAROYA                 SHAHID NAWAB SAROYA                                -          -         -           -   561,062       -    -       561,062
         HOUSE NO 58, STREET NO 34,          -
         I10/2 ISLAMABAD
185      ZEESHAN AHMED                       ZEESHAN AHMED                                      635,969    -         -   635,969     635,969       -    -       635,969
         H W- NE 1417 ST - 1 NATIONAL TOWN   -
         CHAKLALA RD RAWALPANDI
186      MALIK MUNIR AHMED SHAMI             MALIK MUNIR AHMED SHAMI                            556,307    -         -   556,307     556,307       -    -       556,307
         HOUSE NO 1450-1451/ED, JATTAN       246-54-007590
         WALA CHOWK, GM ABAD FAISALABAD
187      ARSALAN REHMAN                      ARSALAN REHMAN                                     518,183    -         -   518,183     518,183       -    -       518,183
         H-NA-301, SATELLITE TOWN.           13301-1259756-5
         7TH ROAD RAWALPINDI.,
188      SHAHID AHMED                        SHAHID AHMED                                       530,945    -         -   530,945     530,945       -    -       530,945
         PLOT NO.29, 1ST FLOOR , CIVIC       451-65-006123
         CENTRE NEAR MEHRAN HEIGHTS,
         UNIT NO.06 LATIFABAD, HYD
189      EHTISHAM UL HAQ                     EHTISHAM UL HAQ                                    5,613,936 -          - 5,613,936     5,613,936     -    -   5,613,936
         B-202, ASHIANA II BLOCK-17,         477-89-002284
         GULSHAN-E-IQBAL KHI
190      SYED SABIR HUSSAIN SHAH             SYED SABIR HUSSAIN SHAH                            566,957    -         -   566,957     566,957       -    -       566,957
         HOUSE -20-A ST -2 FWD               61101-2081549-7
         HOUSING SCHEME ISD
191      PAKISTAN INTERNATIONAL AIR LINES    PAKISTAN INTERNATIONAL AIR LINES                   1,036,489 -          - 1,036,489     1,036,489     -    -   1,036,489
         PIA KARACHI                         -
192      ABDUS SALAM                         ABDUS SALAM                                        526,573    -         -   526,573     526,573       -    -       526,573
         H.NO 210/ 8 ST 01 KAMALABAD         37405-7767226-1
         RAWAL TOWN RWP
193      RAHEEL KHAN DURRANI                 RAHEEL KHAN DURRANI                                525,689    -         -   525,689     525,689       -    -       525,689
         HOUSE-99 ST-1 MISSCAL ROAD          35202-2934175-7
         CHAMANABAD RAWALPINDI
194      ADNAN SETHI                         ADNAN SETHI                                        660,442    -         -   660,442     660,442       -    -       660,442
         234-B BLOCK JOHAR TOWN              61101-6764560-5
         LAHORE (LOWER PORTION).
195      GHULAM MUSTAFA                      GHULAM MUSTAFA                                     -          -         -           -   557,561       -    -       557,561
         H-210, AADRA SCHEME RAWALPINDI      37405-2235770-3
196      MOHAMMAD IMRAN AWAN                 MOHAMMAD IMRAN AWAN                                1,260,559 -          - 1,260,559     1,260,559     -    -   1,260,559
         HOUSE # 983,STREET # 55,SECTOR #    214-74-359808
         G-11/2, ISLAMABAD
197      MUHAMMAD YOUSAF                     MUHAMMAD YOUSAF                                    690,294    -         -   690,294     690,294       -    -       690,294
         232-A NAZIMABAD, FAISALABAD         24562148003
198      MUHAMMAD NASIR                      MUHAMMAD NASIR                                     4,493,501 -          - 4,493,501     4,493,501     -    -   4,493,501
         HOUSE C-38 SHEIKH COLONY            24586197821
         FAISALABAD
199      MUHAMMAD ISHTIAQ                    MUHAMMAD ISHTIAQ                                   589,728    66,018    -   655,747     589,728       -    -       589,728
         H NO 15-C/3GULBERG-3LAHORE          27063147558
200      MUHAMMAD ZAFAR KHAN                 MUHAMMAD ZAFAR KHAN                                879,934    99,596    -   979,531     879,934       -    -       879,934
         668 RAZA BLOCKALLAMA IQBAL          32259483044
         TOWNLAHORE
201      M ANWER                             M ANWER                                            599,966    67,902    -   667,867     599,966       -    -       599,966
         C 38 CUTCHI MEMON SOCIETY BLOCK     51765372358
         4 SCHEME 7 BAHADURA




                                                                                                                                               www.standardchartered.com.pk   214
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                           Outstanding Liabilities at        Amount Written off / Concession
                           Consolidated                                                                     beginning of the year
          S. No.   Name & Address of the borrowers      Name of Individuals/   Father/Husband's Name   Principal   Interest Other   Total    Principal Interest Other   Total
                                                        Partners/Directors.
                                                        (NIC No./Passport)


          202      SHARAFAT HUSSAIN                     SHARAFAT HUSSAIN                               526,336     59,708   -                 528,086
                                                                                                                                        586,043           -     -   528,086
                   A 9 BAHYANI IMEGE PARADISE           4210115353575
                   BLOCK K NORTH NAZIMABAD KHI
          203      KHAWAJA QAMAR                        KHAWAJA QAMAR                                  499,084     56,310   -                 500,834
                                                                                                                                        555,394           -     -   500,834
                   451-W BLOCKPHASE III                 3520174523591
                   DEFENCE HOUSING AUTHORITY CANTT
          204      ASAD RASHID                          ASAD RASHID                                    500,040     44,448   -                 500,040
                                                                                                                                        544,488           -     -   500,040
                   147/E/1DHA LAHORE CANTT LAHORE       3520015554315
          205      ABDUL HAMEED                         ABDUL HAMEED                                   577,003     50,606   -                 577,003
                                                                                                                                        627,609           -     -   577,003
                   APARTMENT NO 12 HUMA                 3520221932461
                   BLOCK NO.10 MAIN BOULEVARDALLAM
          206      KANWAR GOHAR MASOOD ALI              KANWAR GOHAR MASOOD ALI KANWAR MASOOD ALI      499,578     20,090   -                 501,328
                                                                                                                                        519,668           -     -   501,328
                   A-406, BLOCK 1 NORTH NAZIMABAD       4510251660389
          207      ATIF AMIN                            ATIF AMIN                                      501,622     45,201   -                 501,622
                                                                                                                                        546,823           -     -   501,622
                   272 EE ST NO 6 DHA LAHORE            3310057238239
          208      MUHAMMAD ASHFAQ                      MUHAMMAD ASHFAQ                                499,886     23,903   -                 501,636
                                                                                                                                        523,789           -     -   501,636
                   H NO 36 Y BLOCK ST-A PEOLES          3410119376315
                   COLONY GUJRANWALA
          209      MUJAHID ALI BUTT                     MUJAHID ALI BUTT                               775,690     49,761   -                 775,690
                                                                                                                                        825,451           -     -   775,690
                   H-5, STREET-35 OFF                   27354062288
                   KHAYABAN-E-MUHAFIZDHA-VI KARACHI
          210      ZAHID IQBAL                          ZAHID IQBAL                                    601,425     35,149   -                 601,425
                                                                                                                                        636,574           -     -   601,425
                   HOUSE NO 12/ A GULZAR-E-QUAID        21162209605
                   CHAKLALARAWALPINDI
          211      RAHEEL SHAUQAT                       RAHEEL SHAUQAT                                 599,517     40,118   -                 601,467
                                                                                                                                        639,635           -     -   601,467
                   24 BLOCK K MODEL TOWN LAHORE         27088008985
          212      JAWED                                JAWED                                          499,518     22,538   -                 501,268
                                                                                                                                        522,055           -     -   501,268
                   APPTS A 7 GALAXY SKY LINE            41363100977
                   DHA PHASE 5 EXT KARACHI
          213      ARSHAD AHMED KHAN                    ARSHAD AHMED KHAN                              801,474     72,141   -                 803,224
                                                                                                                                        873,615           -     -   803,224
                   87-X MODEL TOWN LAHORE               3520299108309
          214      ABBAS IBRAHIM                        ABBAS IBRAHIM                                  501,623     45,110   -                 503,373
                                                                                                                                        546,733           -     -   503,373
                   FLAT 501 SAIFEE BLDG                 4230109513343
                   PLOT 12 SR 06 SH E LIAQUAT KARACHI
          215      ALI MURTAZA SHAH                     ALI MURTAZA SHAH                               499,876     23,099   -                 501,626
                                                                                                                                        522,974           -     -   501,626
                   H NO C-85,PHASE II                   4520487904599
                   QASIMABAD HYDERABAD
          216      IMRAN SHUJA                          IMRAN SHUJA                                    749,720     12,906   -                 751,470
                                                                                                                                        762,627           -     -   751,470
                   MAZALINE 116-C ZAMZAMA               51772342307
                   COMMERCIAL LANE 6 PHASE V DH
          217      AFTAB A QURESHI                      AFTAB A QURESHI                                799,835     17,473   -                 799,835
                                                                                                                                        817,308           -     -   799,835
                   1202-B BON VISTI BLOCK 2             4230109383725
                   CLIFTON KARACHI
          218      M AMIN TAJ                           M AMIN TAJ                                     561,490     37,479   -                 563,440
                                                                                                                                        598,968           -     -   563,440
                   23/2 16TH STREETOFF KHY E TANZEEM 50263027490
                   D H A PHASE-V KARACHI
          219      ZAIN UL ISLAM                        ZAIN UL ISLAM                                  499,670     10,115   -                 501,420
                                                                                                                                        509,785           -     -   501,420
                   275 NAZIMUDDIN ROAD F/10/1 ISL       21055181906
          220      RIZWAN MALIK                         RIZWAN MALIK                                   999,915     22,103   -   1,022,018 999,915         -     -   999,915
                   H NO 185 BLOCK HH DHA LAHORE         26587068668
          221      M UBAID UR REHMAN                    M UBAID UR REHMAN                              501,339     10,959   -                 501,339
                                                                                                                                        512,298           -     -   501,339
                   226-LDA SHAH JAMAL COLONY            3530119802167
                   LHR NEAR FATIMA NISAR GIRLS
          222      ASLAM ALI MOHAMMAD                   ASLAM ALI MOHAMMAD                             899,861     15,120   -                 899,861
                                                                                                                                        914,981           -     -   899,861
                   HOUSE NO C-74/75 DHORAJI COLONY      51756069777
                   STADIUM ROAD RANGOON
          223      MAHFOOZ HUSSAIN                      MAHFOOZ HUSSAIN                                432,746     -        -                 500,800
                                                                                                                                        432,746           -     -   500,800
                   B-19 K D A OVER SEAS                 4220148924673
                   BANGLOWS BLOCK 16-A GULISTAN E

215   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                  Outstanding Liabilities at        Amount Written off / Concession
                  Consolidated                                                                     beginning of the year
S. No.    Name & Address of the borrowers     Name of Individuals/    Father/Husband's Name   Principal   Interest Other   Total    Principal Interest Other    Total
                                              Partners/Directors.
                                              (NIC No./Passport)


224      SHAMSHAD SANAULLAH                   SHAMSHAD SANAULLAH                              670,709     -         -               647,032
                                                                                                                               670,709         -     -         647,032
         43-E SANAULLAH ROAD                  21156211569
         SATELLITE TOWNRAWALPINDI
225      NASAR AHMED                          NASAR AHMED                                     538,868     -         -               551,618
                                                                                                                               538,868         -     -         551,618
                                              2706326636
226      BUSHRA SABIR                         BUSHRA SABIR               MUHAMMAD SABIR       73,496      -         -                501,731
                                                                                                                                   73,496      -     -         501,731
         8-A MODEL COLONY Q-BLOCK             3520226164394
         MODEL TOWN
227      MIRZA ABBAS HASAN                    MIRZA ABBAS HASAN                               529,918     23,593    -               531,668
                                                                                                                               553,511         -     -         531,668
         116/1 12TH STREET KHAYABAN E RAHAT   4230108787065
         PHASE-6 D.H.A KARACHI
228      SYED M SHOQAIB                       SYED M SHOQAIB                                  496,553     -         -               501,725
                                                                                                                               496,553         -     -         501,725
         H NO 54 ST 12 NEW SUPER              3520158905391
         TOWN BOULVARD DEFNECE LAHORE
229      CHAUDHRY SARFRAZ AHMED               CHAUDHRY SARFRAZ AHMED     MOLA DAD             496,376     -         -               501,680
                                                                                                                               496,376         -     -         501,680
         H NO 14 D ST NO 7 ALI LANE           3410139246821
         OFFICERS COLONY CAVALRY G
230      ABDUL QAYUM JANJUA                   ABDUL QAYUM JANJUA                              538,977     -         -               516,196
                                                                                                                               538,977         -     -         516,196
         H.NO.334 ST.NO.6 MOHALLAH            21259109966
         WARIS KHANRAWALPINDI
231      S M AFZAL                            S M AFZAL                                       601,749     40,291    -               601,749
                                                                                                                               642,040         -     -         601,749
         A 380 SECTOR 14-B SHADMAN            4210118950745
         TOWN NORTH KARACHI, KARACHI
232      SYED ASHIQ RAZA                      SYED ASHIQ RAZA                                 884,818     -         -               886,768
                                                                                                                               884,818         -     -         886,768
         28 10TH KHAYABAN E SHAMSHEER         50252234819
         PHASE V DHA KARACHI
233      SAMI AHMED                           SAMI AHMED                                      584,250     13,218    -               576,014
                                                                                                                               597,468         -     -         576,014
         A-33 BLOCK 4                         4220109717311
         GULSHAN-E-IQBAL KARACHI
234      ZAHID SULTAN                         ZAHID SULTAN                                    499,835     11,094    -               501,728
                                                                                                                               510,928         -     -         501,728
         H NO.31 ST NO.2 MOHALLA              3520208273477
         GALAH MAZANG LAHORE
235      MUHAMMAD NAWAZ SHAKIR                MUHAMMAD NAWAZ SHAKIR      DAWOOD               497,646     12,639    -               501,561
                                                                                                                               510,286         -     -         501,561
         H NO 16, STREET NO 10                3460369994483
         BLOCK 4-D, NAZIMABAD KARACHI
236      ADNAN JAVAID ALI                     ADNAN JAVAID ALI                                530,861     5,925     -               579,652
                                                                                                                               536,786         -     -         579,652
         ABID LODGE B 2NAVAL                  51462168133
         HOUSING SCHEME ZAMZAMA KARACHI
237      NASAR AHMED                          NASAR AHMED                                     482,898     -         -               519,983
                                                                                                                               482,898         -     -         519,983
                                              6110119225807
238      SHIRAJ KABANI                        SHIRAJ KABANI                                   979,857     25,158    -   1,005,015 981,607      -     -         981,607
         B/34 PEARL HEVEN                     4230110956793
         BLOCK 5 CLIFTON KARACHI
239      ARSHAD ALI SHEIKH                    ARSHAD ALI SHEIKH                               497,478     -         -               553,803
                                                                                                                               497,478         -     -         553,803
         HOUSE NO 2 ST NO 12                  3310013016437
         MUHAMMAD ABAD SATIANA ROAD FAISA
240      KHIZAR AYUB BUTT                     KHIZAR AYUB BUTT                                499,150     -         -               579,938
                                                                                                                               499,150         -     -         579,938
         H NO 23BILAL ST NO 12                3520223489451
         AHMAD PARKMOHNI ROADLAHORE
241      MUHAMMAD FAWAD                       MUHAMMAD FAWAD                                  498,556     -         -               569,042
                                                                                                                               498,556         -     -         569,042
         H NO 256ST NO 90SECTOR               4230193017273
         I-8/4ISLAMABAD
242      SHAHID RAFIQ                         SHAHID RAFIQ                                    458,956     -         -               534,299
                                                                                                                               458,956         -     -         534,299
         B 89 BAB E ARIFSECTOR 15 B           4210115442459
         NORTH KARACHI, KARACHI
243      RAO NASIR                            RAO NASIR                                       594,123     -         -               694,886
                                                                                                                               594,123         -     -         694,886
         841/Z PHASE III DHALAHORE            27066585302




                                                                                                                                           www.standardchartered.com.pk   216
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                                Outstanding Liabilities at         Amount Written off / Concession
                                                                                                                 beginning of the year
                            Consolidated
          S. No.    Name & Address of the borrowers   Name of Individuals/       Father/Husband's Name      Principal   Interest Other    Total    Principal Interest Other     Total
                                                      Partners/Directors.
                                                      (NIC No./Passport)


          244      HAMAYUN MIRZA                      HAMAYUN MIRZA                                          482,224    -         -      482,224    576,314     -     -            576,314
                   L-22-8-A/1 ST 7 CAVALRY            27049563553
                   GROUND CANTT LAHORE
          245      ALI QASIM                          ALI QASIM                                              449,924    -         -      449,924    512,970     -     -            512,970
                   E-22-8-A/1 ST NO 7                 3520161244213
                   CAVALRY GROUND CANTT LAHORE
          246      M NAEEM KHAN                       M NAEEM KHAN                                           474,383    7,848     -      482,231    552,822     -     -            552,822
                   H NO 22-A NEW SHALIMAR             3520125004637
                   HOUSING SCHEME SALAMAT PURAL
          247      FAISAL KHAN                        FAISAL KHAN                AFZAL AHMAD KHAN            421,027    -         -      421,027    512,068     -     -            512,068
                   H NO 36 L BLOCK DHA CANTT          3520177228463
          248      IMRAN                              IMRAN                                                  599,823    -         -      599,823    601,573     -     -            601,573
                   E1 PAK KOSOR TOWN MALIR KARACHI    51970239659
          249      SYED MUNIR HUSSAIN RIZVI HNO 229   SYED MUNIR HUSSAIN RIZVI   SYED GHAFOOR HUSSAIN RIZVI (257)       -         -                  501,681
                                                                                                                                                   (257)        -     -            501,681
                   NASHEMAN IQBAL WAPDA TOWN          3410125524317
          250      MOHAMMAD HASHIM KHAN               MOHAMMAD HASHIM KHAN       AMEER MOHAMMAD              490,892    12,742    -      503,634    573,289     -     -            573,289
                   H NO 429, NAI ABADI MEMONABAD      4240136409539
                   SAEEDABAD, BALDIA TOWN
          251      AHMED BUX                          AHMED BUX                                              372,761    -         -      372,761    524,905     -     -            524,905
                   F 11 CRYSTAL HILL APPTS FEROZ NANA 41651138808
                   ROAD BATH ISLAND KHI
          252      KHAWAJA M FAROOQ                   KHAWAJA M FAROOQ                                       499,197    4,021     -      503,217    501,754     -     -            501,754
                   278 SHAMASABAD COLONY              3630204137299
                   P OCHAH USMANI WALAMULTAN
          253      JUNAID LOHDI                       JUNAID LOHDI                                           599,827    -         -      599,827    696,348     -     -            696,348
                   29-A-II MODEL TOWN LAHORE          3520251084093
          254      S ZILE HASNAIN                     S ZILE HASNAIN                                         503,205    10,820    -      514,025    584,879     -     -            584,879
                   H NO 17ST # 36G-6/2 ISLAMABAD      6110119144251
          255      MUHAMMAD KABEER                    MUHAMMAD KABEER            DAWOOD                      473,709    -         -      473,709    567,501     -     -            567,501
                   H NO 16, STREET NO 10BLOCK 4-D,    3410187735137
                   NAZIMABAD KARACHI
          256      NASIR SAEED SHEIKH                 NASIR SAEED SHEIKH                                     477,517    -         -      477,517    557,772     -     -            557,772
                   FLAT NO A/904 PLOT NO 23/C         4230162818649
                   12TH COMMERCIAL STREETWE
          257      FAISAL USMAN                       FAISAL USMAN               DAWOOD                      498,917    12,809    -      511,727    569,553     -     -            569,553
                   H NO 16, STREET NO 10 BLOCK 4-D,   3310034200579
                   NAZIMABAD KARACHI
          258      SHEIKH MUHD ASIF                   SHEIKH MUHD ASIF                                       489,716    -         -      489,716    570,350     -     -            570,350
                   H NO A-13 SEC III KHAYABAN         3740505984183
                   SIR SYED RAWALPINDI
          259      KHWAJA AHMED                       KHWAJA AHMED                                           999,823    -         -      999,823    1,157,360   -     -       1,157,360
                   109 MIRA KHAN ROAD LAHORE          27791034023
          260      QAMAR KHALID RASOOL                QAMAR KHALID RASOOL                                    845,486    -         -      845,486    1,155,021   -     -       1,155,021
                   HOUSE 60 STREET 2 OFFICERS         3520115278596
                   COLONYCAVALRY GROUND LAHO
          261      MALIK TAHIR SULEMAN                MALIK TAHIR SULEMAN                                    610,702    12,544    -      623,245    728,936     -     -            728,936
                   H-799 ST-29 SECTOR G-10/2 ISLAMABAD 21368108319
          262      KHURRAM MALIK                      KHURRAM MALIK                                          437,342    -         -      437,342    510,522     -     -            510,522
                   48/1 KHAYBAN -E- SEHAR             51469168739
                   PHASE VIDHAKARACHI
          263      SHAHID IQBAL                       SHAHID IQBAL                                           476,831    -         -      476,831    608,413     -     -            608,413
                   HOUSE NO 61/J DEFENCE              3520109211927
                   HOUSING AUTHORITY LAHORE
          264      S TAHZEEB UL JAFRI                 S TAHZEEB UL JAFRI                                     503,181    10,868    -      514,049    584,874     -     -            584,874
                   H NO 17ST # 36G-6/2 ISLAMABAD      6110119118085
          265      MOHSIN TANVEER                     MOHSIN TANVEER                                         499,560    22,478    -      522,038    567,118     -     -            567,118
                   H # 610ST # 2 NEAR AMIR MARKET     3740503552581
                   AFSHAN COLONY RAWALPINDI


217   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                   Outstanding Liabilities at       Amount Written off / Concession
                                                                                                    beginning of the year
                 Consolidated
S. No.   Name & Address of the borrowers   Name of Individuals/      Father/Husband's Name     Principal   Interest Other    Total Principal Interest Other     Total
                                           Partners/Directors.
                                           (NIC No./Passport)


266      ZAFAR SHEIKH                      ZAFAR SHEIKH              HAJI KARIM BAKSH SHEIKH   223,901      5,806     -     229,707 568,860       -    -           568,860
         H. NO 7/4BLOCK 4/G                4210120476189
         NAZIMABAD NO 4
267      SYED SABIR HUSSAIN                SYED SABIR HUSSAIN                                  499,844      -         -     499,844 570,819       -    -           570,819
         A-17, BLOCK 13/D,                 4220159758719
         GULSHAN E IQBAL KARACHI
268      ABDUL WAHID                       ABDUL WAHID                                         495,741      -         -     495,741 554,636       -    -           554,636
         H.NO.6 MOHALLA SHALKOOT           5440035974861
         KILLI UMER RD
269      HASSAN AHMED                      HASSAN AHMED                                        495,616      -         -     495,616 553,706       -    -           553,706
         FLAT A-101 DANYAL PRITE           4120114786223
         PLOT SA 6 ST 42 SEC 11-I N
270      AFSHAN NAZNEEN HAQ                AFSHAN NAZNEEN HAQ                                  478,689      -         -     478,689 518,834       -    -           518,834
         124 T DHA                         4220122562978
271      FARHAN UL HASSAN                  FARHAN UL HASSAN                                    490,071      -         -     490,071 529,149       -    -           529,149
         SS-17-D, SUNSET LANE 4,           4220121639383
         PHASE II, EXT. DHA
272      FARRUKH AHMAD                     FARRUKH AHMAD                                       467,210      -         -     467,210 521,122       -    -           521,122
         H.NO. A-774, BLOCK H,             4220105595633
         NORTH NAIZMABAD
273      BABAR HUSSAIN                     BABAR HUSSAIN                                       485,826      -         -     485,826 544,967       -    -           544,967
         P-45 , STREET # 6, SUHERI TOWN    3310059853403
         SITIANA ROAD
274      MIAN NISAR AHMED                  MIAN NISAR AHMED                                    941,140      -         -     941,140 1,047,783     -    -      1,047,783
         79-D-1, JOHAR TOWN                3520292572793
275      ATHAR SHEIKH                      ATHAR SHEIKH                                        491,393      -         -     491,393 551,362       -    -           551,362
         FLAT 5 NIZAMIA SQUARE             4210152442513
         NORTH NAZIMABAD BL A
276      MOHAMMAD FAISAL QURESHI           MOHAMMAD FAISAL QURESHI                             467,210      -         -     467,210 518,898       -    -           518,898
         AASHRAM BLDG. PLOT LR-6/20,       4230114882803
         KAKA STREET, NISHTER R
277      REHAN AHMED                       REHAN AHMED                                         661,802      -         -     661,802 738,643       -    -           738,643
         FLAT 408, SHAMIM RESIDENCY        4210174082801
         F.B.AREA, BLOCK 9
278      REHAM ALI                         REHAM ALI                                           480,876      -         -     480,876 522,240       -    -           522,240
         H NO. 11 ST NO. 2 GULBERG         3520194174811
         TOWN PAF CHKLALA RD
279      MUHAMMAD MUJAHID JAVED            MUHAMMAD MUJAHID JAVED                              495,741      -         -     495,741 551,283       -    -           551,283
         FLAT # 2 FLOOR 1ST ABDUL          4240120057887
         AHMED BLDG PLOT # 927 MAS
280      ATEEQ MAHMOOD MUSTAFA             ATEEQ MAHMOOD MUSTAFA                               677,995      -         -     677,995 738,643       -    -           738,643
         B-411 BL 13 F,B, AREA             4210162412081
281      MUBASHAR ALI                      MUBASHAR ALI                                        495,741      -         -     495,741 555,737       -    -           555,737
         CHAK# 203 RB MALIK PUR            3310075286763
         H# P-383 ALI HUSSAIN CHOWK
282      FAHIM LATIF MAHAR                 FAHIM LATIF MAHAR                                   491,393      -         -     491,393 544,815       -    -           544,815
         A-16/200 ABDULLAH TOWN            4310266195961
         MAIN WADHU W AH ROAD QASI
283      NAZEER AHMED CHAUDHRY             NAZEER AHMED CHAUDHRY                               653,463      -         -     653,463 716,353       -    -           716,353
         F-10, JOHAR TOWN                  3520228948127
284      RAJA UMER RAIS                    RAJA UMER RAIS                                      460,253      -         -     460,253 513,077       -    -           513,077
         FLAT C-7 BUKHSHI                  4210162227135
         SQUARE F.B.AREA BL 7
285      SHOUKAT ALI                       SHOUKAT ALI                                         913,665      -         -     913,665 1,019,124     -    -      1,019,124
         C-110 AJMIR PRIDE BLOCK 12        4250116114253
         GULISTAN E JOHAR NEAR J
286      REHMATULLAH JALAL ACHKZAI         REHMATULLAH JALAL ACHKZAI                           495,742      -         -     495,742 554,738       -    -           554,738
         ROOM# 26, BILAL PLAZA,            5440034573937
         NULLQUARRY RROAD,
                                                                                                                                              www.standardchartered.com.pk   218
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                        Outstanding Liabilities at       Amount Written off / Concession
                           Consolidated                                                                  beginning of the year
          S. No.   Name & Address of the borrowers   Name of Individuals/    Father/Husband's Name   Principal Interest Other Total      Principal Interest Other   Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          287      ABRAR AHMED JAFFAR                ABRAR AHMED JAFFAR                              482,424     -       -     482,424    540,262     -   -          540,262
                   H# 7-26/4 SUBEDAR FAIZ            5440007196237
                   MUHAMMAD STR EET ALAMDAR R
          288      ZIAUDDIN                          ZIAUDDIN                                        491,393     -       -     491,393    551,071     -   -          551,071
                   FLAT# F-10 JOHAR HEIGHTS          5430320324475
                   BLOCK 7 GULISTAN E JOHAR
          289      MUHAMMAD ADIL                     MUHAMMAD ADIL                                   474,571     -       -     474,571    523,551     -   -          523,551
                   FLAT # 103, 2-B 10, KHADIJA       4200003746797
                   APARTMENT COMMERCIA
          290      FAIZ ULLAH                        FAIZ ULLAH                                      460,948     -       -     460,948    513,960     -   -          513,960
                   H3 2071-A PIB COLONY              5420398630051
                   NEAR FAIZAN E MADINA
          291      ALI MUHAMMAD                      ALI MUHAMMAD                                    973,910     -       -     973,910   1,088,590    -   -     1,088,590
                   H# A 8 SHIREEN JINNAH             4230169305509
                   COLONY CLIFTON NEAR CLIF
          292      MOHAMMAD YOUSUF                   MOHAMMAD YOUSUF                                 495,742     -       -     495,742    552,388     -   -          552,388
                   FLAT# 7,3RD FLOOR,                4420557626947
                   FARRUKH HEIGHTS ALAMGIR ROAD,NU
          293      MOHAMMAD JAN                      MOHAMMAD JAN                                    495,741     -       -     495,741    551,237     -   -          551,237
                   H.NO.2071 A 1ST FLOOR P I B COLONY 5420211001469
          294      MAJID ALI KHAN                    MAJID ALI KHAN                                  941,140     -       -     941,140   1,047,407    -   -     1,047,407
                   FL D 301 SAIMA CLASSIC            4220120190811
                   RASHID MINHAS ROAD GULS
          295      IMTIAZ AHMAD BHATTI               IMTIAZ AHMAD BHATTI                             468,258     -       -     468,258    511,334     -   -          511,334
                   H.NO.221, ST.NO.94, G-9/4         6110171353175
          296      SHAHZAD                           SHAHZAD                                         486,955     -       -     486,955    546,015     -   -          546,015
                   P 336 67 ST 1 SAMAN ABAD          3310068027629
                   NEAR BARAF WALA CHOWK
          297      MUHAMMAD SALEEM                   MUHAMMAD SALEEM                                 486,955     -       -     486,955    536,159     -   -          536,159
                   NOUSHAHI STREET, KHOKHAR TOWN     3460393575023
                   DEFENCE ROAD NEAR MU
          298      MOHAMMAD SHAHID                   MOHAMMAD SHAHID                                 473,078     -       -     473,078    519,905     -   -          519,905
                   H.NO.2, STREET 36, AMRIT BAZAR,   3520226203329
                   RAILWAY ROAD, NEAR
          299      MUHAMMAD SALEEM IQBAL             MUHAMMAD SALEEM IQBAL                           486,955     -       -     486,955    540,444     -   -          540,444
                   A 529 BLOCK 5 GULSHAN-E-IQBAL     3520222068487
                   NEAR SIR SYED UNIVER
          300      AKBAR ALI                         AKBAR ALI                                       963,862     -       -     963,862   1,073,392    -   -     1,073,392
                   FL # 6 3RD FLOOR 56 C 13          4230148132515
                   COMMERCIAL STREET DHA PHA
          301      MUHAMMAD IMRAN AHMAD              MUHAMMAD IMRAN AHMAD                            490,785     -       -     490,785    550,276     -   -          550,276
                   H # P-84, ST # 7 GOBIND           3310076464939
                   PURANULLNULL
          302      AIJAZ UDDIN QURESHI               AIJAZ UDDIN QURESHI                             477,929     -       -     477,929    521,458     -   -          521,458
                   148-A NEW TAJ PURTA SCHEME LDA    3520113056521
                   NEAR BUTT CHOWK
          303      HAFEEZ UR REHMAN                  HAFEEZ UR REHMAN                                482,551     -       -     482,551    540,100     -   -          540,100
                   H# 731, ST# 9,NULL                3310069651207
                   MOHALLAH MUHAMMAD ABAD,
          304      MOHAMMAD KASHIF                   MOHAMMAD KASHIF                                 472,345     -       -     472,345    527,469     -   -          527,469
                   FLAT B-18 6TH FLOOR ALIS          4230167769031
                   APPT PARSI COLONY SLODIER
          305      MUHAMMAD IRFAN SADIQ              MUHAMMAD IRFAN SADIQ                            490,785     -       -     490,785    549,986     -   -          549,986
                   H# 57-Z-A MADINA TOWN NEAR        3310010061889
                   QABRASTAN PO MADINA TO
          306      KHALIL AHMED                      KHALIL AHMED                                    460,948     -       -     460,948    514,896     -   -          514,896
                   71-GD MARGHZAR HOUSING            3520194558317
                   SOCIETY MULTAN ROAD


219   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                Outstanding Liabilities at        Amount Written off / Concession
                 Consolidated                                                                    beginning of the year
S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal   Interest Other    Total   Principal Interest Other    Total
                                           Partners/Directors.
                                           (NIC No./Passport)


307      MUHAMMAD ASHFAQ HAIDER            MUHAMMAD ASHFAQ HAIDER                           481,931        -      -      481,931 537,467       -      -      537,467
         H# Z-561-A ST# 71 DHOCK           3740580820041
         RATTA NEAR AL JANNAT BAKER
308      GUL AHMED KHAN                    GUL AHMED KHAN                                   482,424        -      -      482,424 540,737       -      -      540,737
         SAMANDAR KHAN HOUSE UPPER         3520276013835
         VITCH ROAD DARA SHAH DIN
309      FAHIM AHMED                       FAHIM AHMED                                      486,959        -      -      486,959 545,747       -      -      545,747
         B-172-A, ROSHAN BAGH SOCIETY,     4220181823021
         NULLBLOCK 19, F B AREA
310      ANIL DILEEP                       ANIL DILEEP                                      657,805        -      -      657,805 733,096       -      -      733,096
         H.NO.49, HAJI YOUSUF SQR.         4200062440579
         NEAR IQBAL MKT. SOLDIER
311      ABDULLAH RAUF                     ABDULLAH RAUF                                    459,954        -      -      459,954 501,523       -      -      501,523
         H# 647 GHOSIA STREET NO           6110119531133
         TARIQ ABAD LALKURTI
312      MOOSA M. BHAI HIRANI              MOOSA M. BHAI HIRANI                             490,072        -      -      490,072 541,060       -      -      541,060
         FLAT NO B - 103, 2ND FLOOR,       4210113207061
         MADINA BUILDING,NULLBL
313      ANWAR UL HAQ                      ANWAR UL HAQ                                     467,125        -      -      467,125 519,138       -      -      519,138
         ANWAR MALOOK COTTAGE              5440044711355
         RAISANI STREET BREWERY ROAD
314      HABIB UR REHMAN                   HABIB UR REHMAN                                  474,571        -      -      474,571 522,521       -      -      522,521
         PLT.NO. 5 KHAWAJA STREET          3520241593543
         ANGARA TEX TILE MILL SHAH
315      MOHAMMAD YOUSAF                   MOHAMMAD YOUSAF                                  491,396        -      -      491,396 546,132       -      -      546,132
         HOUSE # 5, GALI # 4 MOHALLAH      3520239737835
         CHATTA PARKNULLSHADAR
316      MUHAMMAD ARSHAD                   MUHAMMAD ARSHAD                                  454,075        -      -      454,075 507,383       -      -      507,383
         H# 18 ST# 2 MUHALLAH FAROQIA      3520201860473
         COLONY MULTAN ROAD
317      GULL HASSAN KHAN                  GULL HASSAN KHAN                                 477,799        -      -      477,799 534,676       -      -      534,676
         SAMANDAR KHAN HOUSE UPPER         1730137529991
         VIEW RD , DERA SHAH DIN
318      YASIR AFTAB MIRZA                 YASIR AFTAB MIRZA                                477,799        -      -      477,799 530,660       -      -      530,660
         E 493/ 1 A NEW IQBAL PARK         3520165375733
         NEAR EDEN COLLEGE GARTE
319      MUHAMMAD SHAHID                   MUHAMMAD SHAHID                                  482,424        -      -      482,424 535,759       -      -      535,759
         HOUSE NO R-1302 ,                 4210137893179
         BLOCK - 15 DASTAGIR F.B AREA
320      ASIM RAZA                         ASIM RAZA                                        485,981        -      -      485,981 540,153       -      -      540,153
         H.NO.60 ST 15-C JAN               3520226386121
         MOHAMMAD MORA SHRIF BUND RD
321      BASHARAT MASOOD AWAN              BASHARAT MASOOD AWAN                             477,799        -      -      477,799 536,003       -      -      536,003
         H # 46 , ST # 4 , BLOCK-A         3520114906635
         AL FAISAL TOWN ZARA SHAH
322      MUHAMMAD AKRAM                    MUHAMMAD AKRAM                                   472,776        -      -      472,776 525,104       -      -      525,104
         H # 6/7 PEER SEHRA RD             3460323289629
         MODEL TOWN NEAR BILAL MOSQUE
323      NAVEED ANJUM                      NAVEED ANJUM                                     482,424        -      -      482,424 516,177       -      -      516,177
         H# 81 SECTOR D BHATAI COLONY      3230313425017
         KORANG I CROSSING
324      MOHAMMAD TAHIR AMEER              MOHAMMAD TAHIR AMEER                             482,424        -      -      482,424 523,809       -      -      523,809
         477 H3 JOHAR TOWN                 3130341949259
225      MUHAMMAD JAVED NOOR               MUHAMMAD JAVED NOOR                              491,634        -      -      491,634 553,995       -      -      553,995
         H.NO. 2 / 933, SHAH FAISAL        4220107014645
         COLONY,NULL.
326      ALI ABBAS                         ALI ABBAS                                        495,862        -      -      495,862 554,079       -      -      554,079
         A-473, BLOCK K-15 GULISTAN E JOHAR 4220148213461
         NULLNULL
                                                                                                                                        www.standardchartered.com.pk   220
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                              Outstanding Liabilities at        Amount Written off / Concession
                           Consolidated                                                                        beginning of the year
          S. No.   Name & Address of the borrowers      Name of Individuals/      Father/Husband's Name   Principal   Interest Other    Total   Principal Interest Other     Total
                                                        Partners/Directors.
                                                        (NIC No./Passport)


          327      MUHAMMAD ASLAM                           MUHAMMAD ASLAM                                495,742        -      -      495,742 545,671         -   -            545,671
                   H NO 2, X-BLOCK, SAIFULLAH SHAHEED       3310022617605
                   ROAD,NULLMADINA
          328      MUHAMMAD AMIR                            MUHAMMAD AMIR                                 477,929        -      -      477,929 506,434         -   -            506,434
                   10/1 ST# 6 PHASE 5 ZAMZAMA DHA           4230167414897
          329      SAIF UR REHMAN                           SAIF UR REHMAN                                599,801        -      -      599,801 642,759         -   -            642,759
                   FLAT NO. 1, AL JANAT PLAZA,              6110119433349
                   G-8 MARKAZ
          330      IRFAN SIKANDAR KHAN                      IRFAN SIKANDAR KHAN                           491,634        -      -      491,634 553,132         -   -            553,132
                   NULLNULLNULL                             3520290658339
          331      SIRAJ ROY                                SIRAJ ROY                                     473,078        -      -      473,078 529,027         -   -            529,027
                   FLAT# 4 GROUND FLOOR SHADMAN             4200048264607
                   HOMES BLOCK 8 KEHKASH
          332      AMIR JIBRAN QAZI                         AMIR JIBRAN QAZI                              669,979        -      -      669,979 699,928         -   -            699,928
                   H.NO.225, HAMZA BLOCK,                   3520203663205
                   ALLAMA IQBAL TOWN
          333      ZAHID SHAHZAD KHAN                       ZAHID SHAHZAD KHAN                            468,258        -      -      468,258 511,022         -   -            511,022
                   H.NO. L-264, ST.NO.15, DDP               3740506455461
                   MAIN HOUSE QASIM ABAD
          334      ASIF SHAHZAD `                           ASIF SHAHZAD `                                494,166        -      -      494,166 531,950         -   -            531,950
                   NULLNULLNULL                             3520236958243
          335      ADNAN ZAFAR CHEEMA                       ADNAN ZAFAR CHEEMA                            495,862        -      -      495,862 546,736         -                     -546,736
                   HOUSE NO 519-A, STREET NO 03             3460316408461
                   WEST RIDGE -III WARD
          336      MOHAMMAD ISHTIAQ                         MOHAMMAD ISHTIAQ                              -              -      -               544,615    -   -   -            544,615
                   67-B-1-M -M ALAM ROAD                    3520230396639
                   GULBERG IIINULLNULL
          337      MUHAMMAD SOBAN                           MUHAMMAD SOBAN                                473,078        -      -      473,078 519,637         -   -            519,637
                   H# 34 A USMAN STREET KHYABAN             3310092745103
                   COLONY # 1 NEAR WAQAS
          338      MUHAMMAD SADDIQUE                        MUHAMMAD SADDIQUE                             973,917        -      -      973,917 1,056,146       -   -       1,056,146
                   MANSORABAD HOUSE NO 2844                 3310073358041
                   NULLSTREET NO 6, MOHALA RO
          339      SHAHID AHMED                             SHAHID AHMED                                  471,069        -      -      471,069 516,619         -   -            516,619
                   STREET # 02 MUGHAL STREET                3520176367425
                   HOLE ROAD RASHEED PURANU
          340      NADEEM AHMAD                             NADEEM AHMAD                                  481,931        -      -      481,931 509,544         -   -            509,544
                   FLAT# 1 FLOOR 1 MUHALLAH                 4230123982637
                   FACE 1 DHA ALI LUXURY APP
          341      MUHAMMAD ASLAM HAFEEZ                    MUHAMMAD ASLAM HAFEEZ                         477,219        -      -      477,219 524,499         -   -            524,499
                   877B Q BLOCK, MODEL TOWN                 3520142186353
                   NULLNULL
          342      ZAFAR ALI RANA                           ZAFAR ALI RANA                                653,463        -      -      653,463 693,996         -   -            693,996
                   D-25, SHERATON BRITH,                    4210170691229
                   SECTOR 5-I NORTH KARACHI
          343      MUHAMMAD AZAM                            MUHAMMAD AZAM                                 477,219        -      -      477,219 525,152         -   -            525,152
                   H# 62, ST # 05, SHALIMAR                 3520116988071
                   LARAX-SCHEME,NULLMUGHAL P
          344      AMAN KHAN                                AMAN KHAN                                     590,221        -      -      590,221 635,802         -   -            635,802
                   H # K-536 , K,AREA KORANGI NO 5          4220155971623
          345      MOHAMMAD IMRAN                           MOHAMMAD IMRAN                                485,253        -      -      485,253 522,832         -   -            522,832
                   67-B-I, MM ALAM ROAD,NULLGULBERG-III,    3520282687377
          346      ZIA UR REHMAN                            ZIA UR REHMAN                                 482,424        -      -      482,424 517,400         -   -            517,400
                   H# P 1134 STREET 14 NEAR                 3310418700439
                   REHMANIA MASJID MANSOOR A
          347      TASKEEN AKHTAR                           TASKEEN AKHTAR                                484,491        -      -      484,491 515,944         -   -            515,944
                   F9, RAILWAY HOUSING SOCIETY,             5440051874787
                   NULLNULL


221   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                               Outstanding Liabilities at       Amount Written off / Concession
                 Consolidated                                                                   beginning of the year
S. No.   Name & Address of the borrowers    Name of Individuals/   Father/Husband's Name   Principal   Interest Other   Total   Principal Interest Other    Total
                                            Partners/Directors.
                                            (NIC No./Passport)


348      MOHAMMED USMAN                     MOHAMMED USMAN                     348         -             -      -               558,751   - -      -       558,751
         H # N-3186, BLOCK # 1,             4240123466409
         GROUND FLOOR, METROVELL-III
349      MUHAMMAD ASIF                      MUHAMMAD ASIF                      349         -             -      -               557,561   - -      -       557,561
         OFFICE # 15 2ND FLOOR              4120403865975
         AL AMNA PLAZA NULL OPPOSITE CA
350      AMIR RAZA                          AMIR RAZA                          350         -             -      -               562,991   - -      -       562,991
         HOUSE # A-105 STREET # 8 ABBAS     4220165712719
         TOWN ABUL HASSAN IS
351      LIAQAT ALI SHEIKH                  LIAQAT ALI SHEIKH                  351         477,799       -      -       477,799 524,788      -     -       524,788
         H # Z-B 1037 SECTOR # 3            6110154599137
         KHAYABAN-E- SIR SYED NEAR
352      SIBGHATULLAH KHAN                  SIBGHATULLAH KHAN                  352         487,092       -      -       487,092 541,055      -     -       541,055
         H # 427, SECTOR # 11-E,            4240117511493
         ORANGI TOWN, NULLAL-E-HADIS
353      NAVEED AHMED                       NAVEED AHMED                       353         466,928       -      -       466,928 513,101      -     -       513,101
         PLOT # 60-C SHOP # 3 25TH          4220162960359
         COMMERCIAL STREET TOUHEE
354      SALEEM QURESHI                     SALEEM QURESHI                     354         495,156       -      -       495,156 533,618      -     -       533,618
         2D 8\11 NAZIMABAD # 02             4213124532894
         OPPSITE LAROSH RESTURANTNUL
355      ADNAN HABIB                        ADNAN HABIB                        355         495,862       -      -       495,862 549,189      -     -       549,189
         RUNGPURA ROAD CHAURY               3460379501149
         GALI HOUSE NO # 8/379 NULLMUHA
356      MOHAMMAD AHMED FAROOQI             MOHAMMAD AHMED FAROOQI             356         491,692       -      -       491,692 549,119      -     -       549,119
         HOUSE# A-100/1, 4TH COMMERCIAL     4220197482923
         STRTEET, PHASE# IV, DH
357      NOMAN AHMED                        NOMAN AHMED                        357         486,482       -      -       486,482 530,272      -     -       530,272
         SHOP # 03,LG-SAKI CENTRE - 81      3630204522857
         FEROZE PUR ROADNULLI
358      SHARAFAT ALI SHAH                  SHARAFAT ALI SHAH                  358         482,429       -      -       482,429 521,241      -     -       521,241
         PL 1774 1773 AREA F 2              4220118538951
         LABOUR COLONY 1ST FLOOR SHAH
359      SHEIKH AMIR                        SHEIKH AMIR                        359         590,221       -      -       590,221 624,196      -     -       624,196
         D-56/1, BLOCK B, N. NAZIMABAD      4230195995601
360      SHER MUHAMMAD                      SHER MUHAMMAD                      360         480,879       -      -       480,879 503,320      -     -       503,320
         520 STREET# 1 NADINA COLONY        3520125181143
         WALTON ROADNULLNULL
361      RANA MUHAMMAD SARWAR               RANA MUHAMMAD SARWAR               361         483,063       -      -       483,063 520,461      -     -       520,461
         FL 5 1ST FLOOR SALEEM              3460186239413
         COMPLEX M A J INNAHROAD
362      KHURRAM SHAHZAD                    KHURRAM SHAHZAD                    362         481,130       -      -       481,130 514,963      -     -       514,963
         H # 777 / 84 - A, ST # 18,         3310006485545
         BAZAR # 3,NULLRAZAABAD,
363      MUHAMMAD ARIF                      MUHAMMAD ARIF                      363         487,550       -      -       487,550 524,121      -     -       524,121
         FLAT # 2, BLOCK B, REHMAN PLAZA,   4230164141753
         NULL SHOE MARKET NI
364      ADNAN JAVAID                       ADNAN JAVAID                       364         473,868       -      -       473,868 515,649      -     -       515,649
         B -56 BLOCK -19                    4210175089099
         GULSHAN E ALI NULL F.B AREA
365      SYED WASEEM                        SYED WASEEM                        365         486,959       -      -       486,959 530,452      -     -       530,452
         OFFICE# 15-2ND FLOOR               4210110929569
         AL AMNA PLAZANULLNULL
366      MUHAMMAD ILYAS                     MUHAMMAD ILYAS                     366         492,604       -      -       492,604 542,918      -     -       542,918
         SHOP # 1MIAN SADAT MAND MARKET     3450278582539
         CHAMIRA MAIN BAZAR
367      ARQAM IMAM FATMI                   ARQAM IMAM FATMI                   367         495,862       -      -       495,862 544,076      -     -       544,076
         A-30, ROWQ GULSHAN KAN-EE-33       4200070241815
         FATMA,NULL BLOCK # 01,
                                                                                                                                      www.standardchartered.com.pk   222
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                          Outstanding Liabilities at         Amount Written off / Concession
                                                                                                           beginning of the year
                           Consolidated
          S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal   Interest Other    Total    Principal Interest Other   Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          368      ASAL JAN KHAN MARWAT              ASAL JAN KHAN MARWAT                             -              -      -                553,495   -   -    -   553,495
                   157/C, 8TH STREET, OLD            4250158082303
                   MUZAFARABAD, NULLLANDHI, POST
          369      UZAIR HAMEED                      UZAIR HAMEED                                     483,664        -      -      483,664   523,831       -    -   523,831
                   BUNGLOW #41, BLOCK-15 KDA         4220119309723
                   SCHEEM #36, NULLGULISTAN-
          370      SHAHZAD SHOUKAT                   SHAHZAD SHOUKAT                                  -              -      -                543,596   -   -    -   543,596
                   P-1067 BLOCK -8 IQBAL BAZAR       3630293561743
                   FACTORY NULL AREA
          371      HAFIZ MUHAMMAD SADIQUE            HAFIZ MUHAMMAD SADIQUE                           477,605        -      -      477,605   519,643       -    -   519,643
                   P-55, ST# 9,GULGUSHT COLONY,      3310037046821
                   PEOPLE COLONY# 2, NULLN
          372      AIJAZ MALIK                       AIJAZ MALIK                                      463,337        -      -      463,337   502,226       -    -   502,226
                   H.NO.127, R.D-296, STREET 2,      1730170590667
                   MAIN BAZAR YOUSAF PA
          373      ABDUL RAUF                        ABDUL RAUF                                       473,078        -      -      473,078   513,082       -    -   513,082
                   HOUSE NO C-32 BANTWA NAGAR        4210178892529
                   COOPERATIVE HOUSING SOC
          374      TAYYAB IQBAL KHAN                 TAYYAB IQBAL KHAN                                763,497        -      -      763,497   810,792       -    -   810,792
                   H# 36 D PHASE 11 SHAHBAZ TOWN     5440049827097
          375      SAJJAD AHMED                      SAJJAD AHMED                                     480,967        -      -      480,967   520,900       -    -   520,900
                   H NO 107 A MOHALLA QADRI          3520250521635
                   STREET ALLAMA IQBAL GAR
          376      MUHAMMAD SHAFI                    MUHAMMAD SHAFI                                   482,424        -      -      482,424   519,637       -    -   519,637
                   150 D PEOPLES COLONY 1            3310014899055
          377      MUHAMMAD AHSAN BASHIR             MUHAMMAD AHSAN BASHIR                            482,424        -      -      482,424   513,502       -    -   513,502
                   H # 391/A GHULAM MUHAMMAD         3310051512245
                   ABAD KASHMIR ROAD
          378      SAJJAD AHMED                      SAJJAD AHMED                                     486,959        -      -      486,959   519,622       -    -   519,622
                   H# 6, GALI # 11, NULL SECTOR C,   4230107920485
                   AKHTER COLONY
          379      MUHAMMAD SHAKEEL                  MUHAMMAD SHAKEEL                                 490,687        -      -      490,687   502,283       -    -   502,283
                   H NO # P-214 REHMAN STREET        3520170148767
                   NEW GARDEN TOWNNULLNULL
          380      FARRUKH ELAHI                     FARRUKH ELAHI                                    482,429        -      -      482,429   519,553       -    -   519,553
                   HOUSE# 270-A, AREA PIB            4220179337619
                   COLONY, NULLNULL
          381      ARSHAD IQBAL MEMON                ARSHAD IQBAL MEMON                               482,429        -      -      482,429   514,523       -    -   514,523
                   FLAT # 403, SHAMA PLAZA           4230161557101
                   4TH FLOOR, BLOCK B-2 NULLG-
          382      JALEES UR REHMAN KHAN             JALEES UR REHMAN KHAN                            482,429        -      -      482,429   519,648       -    -   519,648
                   B 74 BLOCK 10 F B AREA            4210116573555
          383      NOOR AHMED                        NOOR AHMED                                       495,862        -      -      495,862   538,316       -    -   538,316
                   PLOT # R-124-25, SECTOR # 02,     4240110956841
                   NULL NORTH KARACHI,
          384      SAIF ULLAH                        SAIF ULLAH                                       487,551        -      -      487,551   515,074       -    -   515,074
                   ST NO-7, TARIQ ABAD,NULLP-53,     3330374696339
          385      MUHAMMAD BAQAR UDDIN              MUHAMMAD BAQAR UDDIN                             -              -      -                536,232   -   -    -   536,232
                   HOUSE # 68, KORANGI # 4,          4220153124301
                   SEC-35/C, KORANGI,NULLNEA
          386      MOHAMMED NAWAZ AWAN               MOHAMMED NAWAZ AWAN                              486,959        -      -      486,959   524,777       -    -   524,777
                   NULLNULLNULL                      4250140954631
          387      ASAD NOMAN KHAN                   ASAD NOMAN KHAN                                  491,396        -      -      491,396   526,185       -    -   526,185
                   NULLNULLNULL                      4230110511945
          388      MUHAMMAD SALEEM                   MUHAMMAD SALEEM                                  -              -      -                549,133   -   -    -   549,133
                   SHOP # 09 ST # 40 MAIN BAZAR      3520230504863
                   CHOWKNULLNILI BAR ISL




223   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                  Outstanding Liabilities at     Amount Written off / Concession
                                                                                                   beginning of the year
                 Consolidated
S. No.   Name & Address of the borrowers   Name of Individuals/       Father/Husband's Name   Principal   Interest Other   Total Principal Interest Other    Total
                                           Partners/Directors.
                                           (NIC No./Passport)


389      ABDUL RASHEED                     ABDUL RASHEED                                      470,077        -      -   470,077 501,388          -    -     501,388
         NEAR JINNAH TOWN, KILLI BARAT     5440011864331
         SUMUGLI ROAD,NULLNUL
390      ABDUL RASHEED                     ABDUL RASHEED                                      473,078        -      -   473,078 506,296          -    -     506,296
         PLOT # 207 SHARFABAD SOCIETY      4230153802439
         BIHAR MUSLIM SOCIETY
391      SHAHZAD AZIZ                      SHAHZAD AZIZ                                       491,396        -      -   491,396 523,556          -    -     523,556
         SHOPE # R-2 BLOCK A-2             4220145596379
         NEW WHOL SALER FROOT MARKET
392      HASHIM HUSSAIN                    HASHIM HUSSAIN                                     -              -      -            544,387     -   -    -     544,387
         PLOT # 21-C, BABE MUZAMMIL        4210110882865
         2ND FLOOR, ST # 37,NULL
393      MOHAMMAD ALTAF                    MOHAMMAD ALTAF                                     482,429        -      -   482,429 513,100          -    -     513,100
         IST FLOOR , KASTURI BUILDING      4230142516719
         GODRA GALI, NAGAR CIN
394      ABDUL MOIZ SIDDIQUI               ABDUL MOIZ SIDDIQUI                                486,959        -      -   486,959 519,311          -    -     519,311
         HOUSE# R-606 R-SECTOR# 9          4210184141659
         NORTH KARACHINULLNEAREST
395      MOHAMMAD SHAFIQ                   MOHAMMAD SHAFIQ                                    491,396        -      -   491,396 525,219          -    -     525,219
         H # 822 ST # 4 SEC 1-A/3          4210148983981
         KHAWAJA AJMAIR COLONY NULL
396      MUHAMMAD IMRAN KHAN               MUHAMMAD IMRAN KHAN                                491,396        -      -   491,396 522,532          -    -     522,532
         PLOT# G-2,OPPOSITE GATE# 5,       4240151076283
         NEW CROWN AUTOS,NULLNE
397      SHAHID ALI KHAN                   SHAHID ALI KHAN                                    491,396        -      -   491,396 525,086          -    -     525,086
         H # 28 BLOCK 25 / 3, JUTT LINE    4200004324281
         GULSHANE ZAHOOR,NUL
398      ZAKIR UR REHMAN                   ZAKIR UR REHMAN                                    -              -      -            534,105     -   -    -     534,105
         HOUSE NO 2052, BLOCK-6,           1330199574979
         SCHEME-40, QASBA METROVILL
399      ABID ALI                          ABID ALI                                           482,429        -      -   482,429 513,868          -    -     513,868
         B-32, 3RD FLOOR GULSHAN N         4210193062473
         ALINULL PHASE I, F B AREA
400      SHEIKH TAHIR AYUB                 SHEIKH TAHIR AYUB                                  477,799        -      -   477,799 509,669          -    -     509,669
         H# G-890 STREET CHOHTA            3520223647767
         QAZI ALLAH DAT DEHLI GATE
401      ASIF ALI HAQQANI                  ASIF ALI HAQQANI                                   482,429        -      -   482,429 507,730          -    -     507,730
         HOUSE# 294, SEC# E-3 B,           4220148333443
         BITTAI COLONY ,NULL KORANGI C
402      ZEESHAN ALI                       ZEESHAN ALI                                        482,089        -      -   482,089 502,453          -    -     502,453
         HOUSE # 140 BLOCK - M NULL        3520188562567
         SABZAZAR SXHEME, MULTAN RO
403      MIRZA MUHAMMAD IQBAL ANWAR        MIRZA MUHAMMAD IQBAL ANWAR                         -              -      -            538,899     -   -    -     538,899
         H # 1,ST # 2 PUNCH PEIR ROAD,     3520225608603
         NEW MAZANG,NULLNULL
404      TAJ MUHAMMAD                      TAJ MUHAMMAD                                       482,424        -      -   482,424 500,884          -    -     500,884
         H # 1055 DILDAR CHOWK BL-D        3310217801599
         GHULAM MUHAMMAD ABAD
405      JAHANGIR ILYAS                    JAHANGIR ILYAS                                     495,862        -      -   495,862 528,033          -    -     528,033
         SHOP NO 1 SHOW MARKET             4230157999725
         DAKKHANA WALI GALI NISHTER R
406      SYED ABBAS HUSSAIN NAQVI          SYED ABBAS HUSSAIN NAQVI                           495,862        -      -   495,862 527,218          -    -     527,218
         HOUSE NO 492 BLOCK L              4220141105715
         NORTH NAZIMABADNULLNULL
407      JAMSHED MEHMOOD MIRZA             JAMSHED MEHMOOD MIRZA                              -              -      -            561,721     -   -    -     561,721
         FLAT # A-202, 2ND FLOOR           3520230823297
         ABBAS RESIDENCY BLOCK 12 NU




                                                                                                                                           www.standardchartered.com.pk   224
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                        Outstanding Liabilities at      Amount Written off / Concession
                                                                                                         beginning of the year
                           Consolidated
          S. No.   Name & Address of the borrowers    Name of Individuals/   Father/Husband's Name   Principal Interest Other Total     Principal Interest Other     Total
                                                      Partners/Directors.
                                                      (NIC No./Passport)


          408      GHULAM HUSSAIN                     GHULAM HUSSAIN                                 482,424   -      -       482,424   508,085      -     -       508,085
                   H# 583 ROAD 4TH STREET             4240111840227
                   MADNI COLONY
          409      ASGHAR ALI                         ASGHAR ALI                                     485,827   -      -       485,827   509,055      -     -       509,055
                   SHOP # 2 HAMMAD COLONY             3640170381703
                   KASHMIR ROAD NULLNEW SHADBAG
          410      NADEEM UL ISLAM                    NADEEM UL ISLAM                                491,396   -      -       491,396   519,396      -     -       519,396
                   24, SHAH FAREED PARK,              3520268328601
                   NEAR CALTEX PETROL PUMP, SCHE
          411      CH. ABAID UR REHMAN                CH. ABAID UR REHMAN                            685,854   -      -       685,854   709,875      -     -       709,875
                   H.NO. 129-C, PEOPLES' COLONY       3310053216589
          412      WAHEED UL REHMAN                   WAHEED UL REHMAN                               482,429   -      -       482,429   502,064      -     -       502,064
                   H # 1151-D,ST / M,RANGEELA CHOWK, 3310008118767
                   GHULAM MUHAMMAD
          413      JAHANZEB BASHIR                    JAHANZEB BASHIR                                491,634   -      -       491,634   522,772      -     -       522,772
                   SHOP# M-23 , 1ST FLOOR             4210119217663
                   MUNIR SHOPPERS PARADISE BLO
          414      JAVED AHMED KHAN                   JAVED AHMED KHAN                               495,862   -      -       495,862   528,388      -     -       528,388
                   FLAT NO. C - 42 SB - 1,            4210184698809
                   GULSHAN-E-AMIN PLAZA, BLOC
          415      TAHIR MASOOD                       TAHIR MASOOD                                   482,085   -      -       482,085   515,204      -     -       515,204
                   ZAREEN BOUTIQUE NEAR               3730168783229
                   HASSAN BAKERI CIVIL LINES JHEL
          416      TARIQ AFZAL                        TARIQ AFZAL                                    477,600   -      -       477,600   526,215      -     -       526,215
                   TARIQ & BROTHERS 66-               3520234075413
                   MEHBOOB ROAD
                   MISRI SHAH NEARPU
          417      MUHAMMAD RASHEED                   MUHAMMAD RASHEED                               490,784   -      -       490,784   530,938      -     -       530,938
                   H NO 13 ST NO 13 NADIR STPURANI    3520238585911
                   ABADI BHABRAFEROZE
          418      RANA M. UMER SHARIF                RANA M. UMER SHARIF                            490,784   -      -       490,784   519,722      -     -       519,722
                   P-216 STREET NO 3 SARFRAZ          3310008917167
                   COLONY FAISALABAD 871691
          419      MR SARDAR M ZAFAR                  MR SARDAR M ZAFAR                              422,977   81,243 11,683 515,903    515,903      -     -       515,903
                   THE RESOURCE INTL PVT LTD,         3520268339765
                   REGAL CENMA BLDG THE MALL LHR.
                   7325034/ 92003293 LAHORE
          420      MR MUHAMMED NAFEES                 MR MUHAMMED NAFEES                             505,804   52,948 13,420 572,172    584,391      -     -       584,391
                   EMIRATES ENT / CC1 1ST FLR COMM    51776522275
                   1 DEFENCE VIEW PH 1 KORANGI
                   ROAD KARACHI
          421      MR SHARAFAT HUSSAIN                MR SHARAFAT HUSSAIN                            459,336   49,210 6,978   515,523   522,918      -     -       522,918
                   GUCHI MENS WEAR, SHOP G-11         50286125390
                   MATEEN PLAZA, TARIQ ROAD KARACHI
          422      MR HAMMAD HABIB                    MR HAMMAD HABIB                                444,679   48,915 3,990   497,583   524,603      -     -       524,603
                   HOUSE NO. R - 107, BLOCK - 21,     42101-1932494-9
                   GULSHAN AMIN, F B AREA, KARACHI
          423      MR SHAUKAT A FANCY                 MR SHAUKAT A FANCY                             498,360   45,946 24,859 569,166    549,108      -     -       549,108
                   COMMUNICATIONS, 2/A,               51440007497
                   PLOT G22 BL-9,KHY-E-JAMI,
                   CLIFTON SCHEME NO 5,KARACHI
          424      MR MUHAMMAD IDREES                 MR MUHAMMAD IDREES                             517,050   25,291 4,168   546,509   598,309      -     -       598,309
                   NATIONAL TYRE CENTRE CC1           4230110656073
                   1STFLR DEFENCE VIEW
                   KORANGI RD KARACHI
          425      M FAROOQ QURESHI                   M FAROOQ QURESHI                               502,571   29,843 2,698   535,112   580,333      -     -       580,333
                   155 MIR HASSAN ROAD MODEL          30092089515
                   TOWN SIALKOT. 551520 SIALKOT


225   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                Outstanding Liabilities at           Amount Written off / Concession
                                                                                                 beginning of the year
                 Consolidated
S. No.   Name & Address of the borrowers   Name of Individuals/     Father/Husband's Name   Principal       Interest Other   Total   Principal Interest Other       Total
                                           Partners/Directors.
                                           (NIC No./Passport)


426      MRS ASMA MANSOOR                  MRS ASMA MANSOOR                                 441,242     61,927 9,933     513,103     515,315    -         -           515,315
         B-2/IV, MAYMAR VIEW BLOCK-17,     50287638837
         GULSHAN-E-IQBAL KARACHI.
         4984011 KARACHI
427      NADEEM SHAH                       NADEEM SHAH                                      479,844     38,022 2,563     520,428     498,028     73,013 6,563         577,604
         U & I PRODUCTIONS H NO 16/1/1     4230110518049
         GR FLOOR 21ST ST KH E TOHEED
         PH 5 DHA KARACHI
428      EJAZ HAQUE                        EJAZ HAQUE                                       477,174     13,195 1,250     491,619     423,082     79,171 7,875         510,128
         57 T GULBERG 2 LAHORE. LAHORE     27053149867
429      MR ABDUL R KHAN                   MR ABDUL R KHAN                                  401,943     33,770 16,550 452,263        484,105     12,251 5,325         501,681
         NEW MILLION CENTER ARAMBAGH       4210170482393
         SHARAH-E- LIAQAT KARACHI
430      MR KHAWAJA M FAROOQ               MR KHAWAJA M FAROOQ      KH M ABDUL WADOOD       184,502     -        226,487 410,989     485,319     51,191       21,982 558,492
         COTPAK INTERNATIONAL COMPANY      3630204137299
         CHOWK GHUNGI# 08 L-M-Q
         ROAD MULTAN                                                                        167,023     4,875    663     172,561     493,917     59,147 7,813         560,876
431      MR ASHRAF CHAUDRY                 MR ASHRAF CHAUDRY
         BELOS CLOTHING PVT LTD            30193597503
         WAZIRABAD ROAD PACCA
         GARAH SIALKOT SIALKOT
432      MR ABDUL S MEMON                  MR ABDUL S MEMON         ABDUL GHAFFAR MEMON     426,164     11,807 1,250     439,221     444,638     71,343 7,875         523,856
         FLAT-B/8 4TH FLOOR PRINCE HOMES   4220196521867
         PLOT# 166/2 SILVER STREET BRITO
         ROAD GARDEN EAST KARACHI
433      MR KHWAJA AHMED BAKHSH            MR KHWAJA AHMED BAKHSH                           949,928     26,948 95        976,971     1,027,350 164,993 8,255 1,200,598
         109-F MIRA KHAN ROAD SAINT        3520115095891
         JOHNS PARK LAHORE CANTT LAHORE
434      SYED RAZA KAZIM                   SYED RAZA KAZIM                                  524,730     -        -       524,730     591,471    -         -           591,471
         H NO 2 1ST FLOORG.D.              21261069190
         ARCADE FAZAL-UL HAQ ROAD
         BLUE AREA ISLAMABAD
435      SHEIKH MUHAMMAD AZAM              SHEIKH MUHAMMAD AZAM                             567,674     -        -       567,674     653,890    -         -           653,890
         171 BADAMI BAGH LAHORE            27270586595
436      SHAHID LATIF                      SHAHID LATIF                                     491,434     -        -       491,434     584,788    -         -           584,788
         162-G LIBERTY PLAZA LIBERTY       27373151597
         MARKET LAHORE
437      SHAHID ALTAF MALIK                SHAHID ALTAF MALIK                               475,974     -        -       475,974     531,658    -         -           531,658
         SHOP NO 51ST FLOOR THE MALL       3740124620535
         PLAZA, SADDAR, GPORAWALPINDI
438      TARIQ MEHMOOD CHAUDHRY            TARIQ MEHMOOD CHAUDHRY                           721,506     -        -       721,506     769,200    -         -           769,200
         OFFICE NO 51ST FLOOR RESHAM       21488182311
         PLAZA CHANDNI CHOWK RAWALPINDI
439      SYED HAIDER ALI SHAH              SYED HAIDER ALI SHAH                             515,849     -        -       515,849     595,146    -         -           595,146
         RAIES MARKET SHAHAB PURA ROAD     30073558972
440      AHMED RASHEED                     AHMED RASHEED                                    511,538     -        -       511,538     576,770    -         -           576,770
         SHOP NO 8 BULAND MARKAZ BLUE      24552093563
         AREA OPP. UNION BANK ISLAMABAD
441      MUHAMMAD AZEEM KAMRAN             MUHAMMAD AZEEM KAMRAN                            752,994     -        -       752,994     748,199    -         -           748,199
         8 KASHMIR COMMERCIAL COMPLEX      70779405075
         BLOCK 1032 E FAZAL E HAQ BLUE
         AREA ISLAMABAD
442      MUHAMMAD KAMRAN SHARIF            MUHAMMAD KAMRAN SHARIF                           526,213     -        -       526,213     623,904    -         -           623,904
         SUIT NO 301/302, 3RD FLOOR        51775432867
         REHMANI CHEMBER ALTAF HUSSAIN
         ROAD NEW CHALLI
443      IMRAN SHUJA                       IMRAN SHUJA                                      737,083     -        -       737,083     641,538    -         -           641,538
         M 1 16-C ZAMZAMA COMM LANE        51772342307
         6D H A PHASE VKARACHI
                                                                                                                                               www.standardchartered.com.pk     226
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                                Outstanding Liabilities at          Amount Written off / Concession
                                                                                                                 beginning of the year
                           Consolidated
          S. No.   Name & Address of the borrowers     Name of Individuals/       Father/Husband's Name   Principal    Interest Other       Total   Principal Interest Other     Total
                                                       Partners/Directors.
                                                       (NIC No./Passport)


          444      MIAN AYAZ ANWAR                     MIAN AYAZ ANWAR                                    483,694         -      -    483,694       540,451   -       -        540,451
                   ZAITOON GROUP 107/6 SAINT           27089443347
                   JOHNS PARK LAHORE
          445      MUHAMMAD HASSAN SAEED               MUHAMMAD HASSAN SAEED                              533,600         -      -    533,600       602,860   -       -        602,860
                   SHOP NO 20 P ST NO 2                24487617493
                   KARKHANA BAZARYARN MKT
          456      GUL HASSAN KHAN                     GUL HASSAN KHAN                                    581,280         -      -    581,280       626,808   -       -        626,808
                   9-F, 1ST FLOOR, RAJA CENTRE         27680460969
                   MAIN BOULEWARD GULBERG II
          447      SYED HAMID ABBAS GARDEZI            SYED HAMID ABBAS GARDEZI                           548,651         -      -    548,651       561,466   -       -        561,466
                   HOUSE NO 105/17TH STREET
                   OFF KHY-E- RAHAT PHASE VI           32256326019
                   DEFENCE KARACHI
          448      UMER AZIZ                           UMER AZIZ                                          582,106         -      -    582,106       649,917   -       -        649,917
                   84BRIDGE COLONYLAHORE               27778433090
          449      MIAN M. ASLAM FARAZ                 MIAN M. ASLAM FARAZ                                682,130         -      -    682,130       572,901   -       -        572,901
                   MIAN STREET90 MATEEN AVENUE         27862082183
                   PARKNR BUTT CHOWKCOLLEGE
                   ROAD TOWNSHIPLAHORE
          450      GHULAM SARWAR                       GHULAM SARWAR                                      492,230         -      -    492,230       531,392   -       -        531,392
                   SU 224 LANE NO 12 ARMY HOUSING      27092349938
                   COMPLEX GULBERG III LAHORE
          451      ZEESHAN MIR BAZ                     ZEESHAN MIR BAZ                                    502,391         -      -    502,391       585,503   -       -        585,503
                   H NO 1-15-AA KHUDA BAKASH           23181281536
                   HOUSING SOCIETY CANTT LAHORE
          452      NASIR YOUSUF                        NASIR YOUSUF                                       462,940         -      -    462,940       511,416   -       -        511,416
                   HOUSE NO 33,OVERSEAS                51175095064
                   CORPORATIVE HOUSING SOCIETY
                   MAIN AMIR KHUSRO ROAD, BLOCK 7/8,
                   NEAR ABN AMRO BANK HILL PARK
          453      NISAR AHMED KHAN                    NISAR AHMED KHAN                                   (0)             -      -    (0)           652,729   -       -        652,729
                   HOUSE 453-C STREET 4 ALLAHABAD      21174363266
                   WESTERIDGE IIIRAWALPINDI
          454      FAYYAZ AHMAD                        FAYYAZ AHMAD                                       410,413         -      -    410,413       575,887   -       -        575,887
                   H NO 265, UMER BLOCK                7493324394
                   ALLAM IQBAL TOWN
          455      SHEIKH TAHIR HAMEED                 SHEIKH TAHIR HAMEED                                534,647         -      -    534,647       560,804   -       -        560,804
                   ABBOT ROADSIALKOT                   30074017886
          456      MUHAMMAD ASIF ALI                   MUHAMMAD ASIF ALI                                  493,197         -      -    493,197       533,769   -       -        533,769
                   FAMIA TRAVEL & TOUROFFICE NO 3,     21276111763
                   1ST FLOOR, WAQAR CENTRE,
                   CANNING ROAD SADDAR,
          457      USMAN LIAQAT                        USMAN LIAQAT                                       675,320         -      -    675,320       554,551   -       -        554,551
                   SHOP NO 10/1 NEELA GUMBAD LAHORE 27677431301
          458      TANVEER NEMAT                       TANVEER NEMAT                                      459,187         -      -    459,187       551,787   -       -        551,787
                   83-A NAZAMABAD FAISALABAD           24585005375
          459      KHWAJA AHMED BAKHSH                 KHWAJA AHMED BAKHSH                                494,183         -      -    494,183       592,881   -       -        592,881
                   109 MIRA KHAN ROADSAINT             27791034023
                   JOHN'S PARK LAHORE CANTT LAHORE
          460      M. BULAND IQBAL KHAN                M. BULAND IQBAL KHAN                               528,291         -      -    528,291       595,503   -       -        595,503
                   A - 117 BLOCK - L NEAR CROWN        50190049102
                   BAKERY NORTH NAZIMABAD KARACHI
          461      SHOAIB MAHMOOD                      SHOAIB MAHMOOD                                     514,072         -      -    514,072       598,102   -       -        598,102
                   63/BNEW MUSLIM TOWN LAHORE          27162147060
          462      SULTAN MAHMOOD                      SULTAN MAHMOOD                                     255,793         -      -    255,793       664,165   -       -        664,165
                   H NO C-49 BLOCK VI F.B AREA KARACHI 50188165027
          463      MIAN ASAD MUNIR                     MIAN ASAD MUNIR                                    558,238         -      -    558,238       589,210   -       -        589,210
                   128-B MODEL TOWN LAHORE             27167008223


227   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                               Outstanding Liabilities at         Amount Written off / Concession
                                                                                                beginning of the year
                 Consolidated
S. No.   Name & Address of the borrowers   Name of Individuals/    Father/Husband's Name   Principal   Interest Other    Total    Principal Interest Other     Total
                                           Partners/Directors.
                                           (NIC No./Passport)


464      GULZAR ALI                        GULZAR ALI                                      513,503       -       -      513,503   538,623      -      -      538,623
         SAIJ PAL DAK KHANA                27781450841
         BHUTTA KOKARH DHA ROAD LAHORE
465      MALIK MUHAMMAD ARSHAD             MALIK MUHAMMAD ARSHAD                           464,128       -       -      464,128   527,156      -      -      527,156
         NIHAL CHAND ST CHOWK              30061131558
         ALLAMA IQBAL SIALKOT
466      MUHAMMAD ASHFAQ                   MUHAMMAD ASHFAQ                                 509,376       -       -      509,376   550,838      -      -      550,838
         H NO.36 COMMERCIAL STREET A-Y     28568475768
         BLOCK NEAR TAKKO BELL HOTEL
         NEAR FIVE STAR CABLE PEOPLES
         COLONYGUJRANWALA
467      NAZIER AHMED SHAIKH               NAZIER AHMED SHAIKH                             609,948       -       -      609,948   651,755      -      -      651,755
         C/120 BLOCK 2 CLIFTON KARACHI     4230129093227
468      NUMAN FAROOQ KHAN                 NUMAN FAROOQ KHAN                               782,872       -       -      782,872   846,291      -      -      846,291
         13/C 11M M ALAM ROAD              27790388410
         GULBERG 111 LAHORE
469      MUSHTAQ AHMED                     MUSHTAQ AHMED                                   508,429       -       -      508,429   546,781      -      -      546,781
         PLOT NO K/192A/193 HAJI           50250217495
         MUREED GOTHNEAR PATEL
         MASJID KHAMOOSH COLONY
         NAZIMABAD KARACHI
470      SAFEER KHAN                       SAFEER KHAN                                     479,466       -       -      479,466   513,629      -      -      513,629
         202-203-204, 2ND FLOOR            51654378578
         CENTRAL HOTEL BUILDING
         MAREWEATHEK ROAD KARACHI
471      ABDUS SATTAR                      ABDUS SATTAR                                    631,386       -       -      631,386   646,130      -      -      646,130
         H NO SW 5/CST NO 12 CHAUDHRY      27244003105
         STREET MOHALLAH MUHAMMADI
         PARKSANDA KHURDLAHORE
472      MUHAMMAD IRFAN                    MUHAMMAD IRFAN                                  538,642       -       -      538,642   549,807      -      -      549,807
         BASEMENT JAMIA E NAEEMIAGHARI     27361402425
         SHAHULAHORE
473      SHEIKH FARRUKH RAUF               SHEIKH FARRUKH RAUF                             491,921       -       -      491,921   504,359      -      -      504,359
         H NO 22ST NO 3 SECTOR F-8-3       10164480485
         ISLAMABAD
474      ARSHAD AHMED                      ARSHAD AHMED                                    734,448       -       -      734,448   744,746      -      -      744,746
         HOUSE NO 345-DDD H ALAHORE        29486557816
475      MUHAMMAD JAVED KHAN               MUHAMMAD JAVED KHAN                             588,454       -       -      588,454   603,802      -      -      603,802
         SADAQAT PARK NO 1 SANDA KHURD     27293083481
         MASJID STREET KHAN MANZIL
476      DR AMIR MUSHTAQ BUTT              DR AMIR MUSHTAQ BUTT                            539,472       -       -      539,472   550,261      -      -      550,261
         15-B-1 31ST STREET OFF.           51659149490
         KHAY-E-SHAMSHEER PHASE V
         EXT. D.H.A KARACHI
477      RAHEEL SHUKAT                     RAHEEL SHUKAT                                   551,711       -       -      551,711   567,583      -      -      567,583
         24-K MODEL TOWN LAHORE            27088008985
478      MUHAMMAD ZAFAR KHAN               MUHAMMAD ZAFAR KHAN                             663,263       -       -      663,263   680,508      -      -      680,508
         REGAL CINEMA BUILDING             32259483044
         THE MALLLAHORE
479      AMJAD ZIA MALIK                   AMJAD ZIA MALIK                                 603,178       -       -      603,178   611,969      -      -      611,969
         H NO 14 1ST FLOOR                 28558438301
         BLOCK 7/8K M C H SKARACHI
480      MUHAMMAD BIRGEES ALI KHAN         MUHAMMAD BIRGEES ALI KHAN                       468,946       -       -      468,946   562,222      -      -      562,222
         A 117 BLOCK L NORTH NAZIMABAD     50186049103
         KARACHI
481      MAKHDOOM AMIN FAHIM               MAKHDOOM AMIN FAHIM                             467,919       -       -      467,919   576,100      -      -      576,100
         11-A 2ND SUNSET STREETOFF         51489093377
         SUNSET BOULEVARD PHASE II
         EXT NEAR SUNSET CLUBKARACHI
                                                                                                                                        www.standardchartered.com.pk   228
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                             Outstanding Liabilities at         Amount Written off / Concession
                                                                                                              beginning of the year
                           Consolidated
          S. No.   Name & Address of the borrowers     Name of Individuals/      Father/Husband's Name   Principal   Interest Other   Total     Principal Interest Other   Total
                                                       Partners/Directors.
                                                       (NIC No./Passport)


          482      MUHAMMAD FAWAD                      MUHAMMAD FAWAD                                    448,480        -     -           448,480588,535     -      -      588,535
                   PLOT NO 36-AMAIN RDI/9INDUSTRIAL    50790150293
                   AREA ISLAMABAD
          483      JAWAD ANWAR                         JAWAD ANWAR                                       419,894        -     -           419,894549,859     -      -      549,859
                   102 B NEW MUSLIM TOWNLAHORE         27291465673
          484      RASHID ALI KHAN                     RASHID ALI KHAN                                   523,492        -     -           523,492547,913     -      -      547,913
                   H NO 5E-5/27NAZIMABAD NO 5          50265184455
                   NEAR GHOUSIA GROUNDKARACHI
          485      AMER RAZA WATTOO                    AMER RAZA WATTOO                                  701,568        -     -           701,568613,509     -      -      613,509
                   3-B-1JOHAR TOWNLAHORE               33668528471
          486      SHAHID AHMAD MALIK                  SHAHID AHMAD MALIK                                1,080,425      -     - 1,080,425       1,106,804    -      - 1,106,804
                   258-MUMZA BLOCK                     27252433939
                   ALLAMA IQBAL TOWNLAHORE
          487      FAKHAR AYUB KHAN                    FAKHAR AYUB KHAN                                  541,965        -     -           541,965566,438     -      -      566,438
                   H NO.31 HADAYAT ULLAH BLOCK         26693036983
                   MUSTAFA TOWNWAHDAT ROAD LAHORE
          488      MUHAMMAD ASIF                       MUHAMMAD ASIF                                     631,494        -     -           631,494670,641     -      -      670,641
                   SUITE NO 5GROUND FLOOR ,            51875228856
                   DAWOOD MANZIL 1/D
                   BLOCK 6 NURSERY P.E.C.H.S KARACHI
          489      GHULAM SUBHANI                      GHULAM SUBHANI                                    561,656        -     -           561,656599,959     -      -      599,959
                   51-SD.H.A.LAHORE                    3520102141833
          490      SARDAR SANAHULLAH ZEHRI             SARDAR SANAHULLAH ZEHRI                           69,851         -     -                  504,130
                                                                                                                                             69,851          -      -      504,130
                   39-B,CHAMAN HOUSING SCHEME          62793266088
          491      JAVAID HUSSAIN                      JAVAID HUSSAIN                                    587,348        -     -           587,348632,492     -      -      632,492
                   KACHI KOTHINAWAB SAHIB              27890309645
                   2KM RIWIND ROADLAHORE
          492      MOHSIN IQBAL SHEIKH                 MOHSIN IQBAL SHEIKH                               511,967        -     -           511,967527,892     -      -      527,892
                   138-LMODEL TOWN EXTLAHORE           27062423052
          493      MUSHTAQ AHMED                       MUSHTAQ AHMED                                     266,126        -     -           266,126505,686     -      -      505,686
                   A-221, SECTYOR X-3GULSHAN E MAYMAR 50158123389
          494      MUHAMMAD SARFRAZ                    MUHAMMAD SARFRAZ                                  429,615        -     -           429,615578,798     -      -      578,798
                   128/A 5 KACHA RAHIM ROAD            26973118359
                   GHANDA NALA MISRI SHAH
                   NEARPARAS KANTALAHORE
          495      SAQIB SHAFAAT                       SAQIB SHAFAAT                                     632,376        -     -           632,376505,386     -      -      505,386
                   HOUSE NO 63MUSLIM                   27285215562
                   ROADST NO 4SAMANABADLAHROE
          496      MOHAMMAD YOUSUF KHAN                MOHAMMAD YOUSUF KHAN                              569,085        -     -           569,085585,822     -      -      585,822
                   NEW GULSHAN LABOUR COLONY           28567050573
                   STREET NO 4PLO TNO B/174/175
                   RASHEEDABAD SITEKARACHI
          497      MUHAMMAD NAFEES                     MUHAMMAD NAFEES                                   602,655        -     -           602,655616,768     -      -      616,768
                   CC-1 IST FLOORDEFENCE VIEW          51778522275
                   PHASE 1 KORANGI ROADKARACHI
          498      ZAHID SULTAN                        ZAHID SULTAN                                      515,149        -     -           515,149557,782     -      -      557,782
                   HOUSE NO 31,STREET NO 2,            27489388897
                   MUHALLA GALA, MOZANGLAHORE
          499      AYAZ AHMED                          AYAZ AHMED                                        672,167        -     -           672,167691,715     -      -      691,715
                   OFFICE NO 7,SECOND FLOORAL BILAL    32272904737
                   PLAZANEAR CHANDNI CHOWK MURREE
                   ROADRAWALPINDI
          500      M. ADNAN YOUSAF AWAN                M. ADNAN YOUSAF AWAN                              693,768        -     -           693,768710,937     -      -      710,937
                   SHOP NO 12-13/BRATTA MANSION FAZAL 21480359811
                   UL HAQ ROADBLUE AREAISLAMABAD
          501      MUHAMMAD IRFAN AWAN                 MUHAMMAD IRFAN AWAN                               731,001        -     -           731,001795,184     -      -      795,184
                   SHOP NO 12-13 RATA MANSION FAZAL    21478359810
                   UL HAQ ROAD BLUE AREA ISLAMABAD


229   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                               Outstanding Liabilities at      Amount Written off / Concession
                                                                                                beginning of the year
                 Consolidated
S. No.   Name & Address of the borrowers    Name of Individuals/   Father/Husband's Name   Principal   Interest Other   Total Principal Interest Other     Total
                                            Partners/Directors.
                                            (NIC No./Passport)


502      ABDUL HAFEEZ                       ABDUL HAFEEZ                                   660,040        -      -   660,040    677,614     -      -     677,614
         CC-1 1ST FLOORDEFENCE VIEW         51764522269
         PHASE # 1 KORANGI ROAD KARACHI
503      KHAWAJA MUHAMMAD FAROOQ            KHAWAJA MUHAMMAD FAROOQ                        490,355        -      -   490,355    531,869     -      -     531,869
         CHOWK CHUNGI NO 8LMQ ROAD MULTAN 32249065870
504      M ADEEL AHMED MANSHA               M ADEEL AHMED MANSHA                           619,580        -      -   619,580    667,795     -      -     667,795
         NOVA ROY-2 SHOP NO F-151 1ST FLR   51681471632
         DOLMEN MALL TARIQ ROAD KARACHI
505      TAHIR MASOOD                       TAHIR MASOOD                                   153,176        -      -   153,176    612,809     -      -     612,809
         HASSAN BAKERS,CIVIL LINES,         24864434531
506      ANJUM SHAHZAD                      ANJUM SHAHZAD                                  520,821        -      -   520,821    549,055     -      -     549,055
         506/507 UNI CENTRE                 51793229350
         I I CHUNDRIGAR ROAD KARACHI
507      MUHAMMAD ASLAM BUTT                MUHAMMAD ASLAM BUTT                            346,954        -      -   346,954    547,332     -      -     547,332
         AZIZ SHAHED ROAD OPP SLIVER        30073533306
         SPOON PLAZA SILAKOT CANTT
508      SHOUKAT ZIA                        SHOUKAT ZIA                                    350,770        -      -   350,770    568,637     -      -     568,637
         H # 367ST # 26I-8/2ISLAMABAD       21176301588
509      MUHAMMAD SOHAIL                    MUHAMMAD SOHAIL                                63,991         -      -      63,991 635,704      -      -     635,704
         SHOPPING CENTER 3MULTAN            32292849780
510      ABDUL GHAFFAR                      ABDUL GHAFFAR                                  557,290        -      -   557,290    527,663     -      -     527,663
         RAILAY ROADRAJA JANG DISTT         28172375261
         KASOOR CHOUDHARY FATEH HOUSE
511      KHALID MAHMOOD                     KHALID MAHMOOD                                 465,074        -      -   465,074    569,345     -      -     569,345
         OFFICE NO 18,FALAK NAZ PLAZA       45763160042
         MEZZANINE FLOOR
         SHAHRA E FAISALKARACHI
512      ASIF IRSHAD                        ASIF IRSHAD                                    303,373        -      -   303,373    632,844     -      -     632,844
         HOUSE # 42 RAVI BLOCK              26665141256
         ALLAMA IQBAL TOWN LAHORE
513      KHALID MAHMOOD                     KHALID MAHMOOD                                 555,374        -      -   555,374    566,968     -      -     566,968
         123/A, HAMEED BLOCK NEW            29365043036
         GARDEN TOWN LAHORE
514      MUHAMMAD NADEEM                    MUHAMMAD NADEEM                                441,289        -      -   441,289    538,754     -      -     538,754
         L-S/1 SHOP NO 1SECTOR 1/D ORANGI   50466115412
         TOWNNEAR QAZZAFI CHOWKKARACHI
515      NISAR AHMAD                        NISAR AHMAD                                    457,388        -      -   457,388    535,462     -      -     535,462
         KOTHI NO.9 GULSHAN E BARI,         24692117184
         KAREEM TOWN, NEAR EK MANAR
         WALI MASJID FAISALABAD
516      TANVEER NEMAT                      TANVEER NEMAT                                  437,982        -      -   437,982    527,464     -      -     527,464
         83-A NAZAMABAD                     24583005375
517      MUHAMMAD RASHEED                   MUHAMMAD RASHEED                               335,500        -      -   335,500    576,491     -      -     576,491
         MAIN BAZARHANDRIKAY GOPAL          27067425196
         NAGARWALTON AIRPORT SCHOOL
515      KASHIF QURESHI                     KASHIF QURESHI                                 561,637        -      -   561,637    673,404     -      -     673,404
         H NO.19-A-1 STREET 37              27278629461
         MUSLIM COLONY BASTAMI ROAD
         SAMNABAD LAHORE
519      ZAHEER UD DIN BABAR                ZAHEER UD DIN BABAR                            640,422        -      -   640,422    572,777     -      -     572,777
         PESHAWAR NORTH BRANCH              13572536727
         OFF # 16-17 2ND FLOORAZAM
         TOWERS ARBAB ROAD UNIVERSITY
         TOWNPESHAWAR
520      MUHAMMED ILYAS                     MUHAMMED ILYAS                                 203,150        -      -   203,150    599,954     -      -     599,954
         SUITE NO 347, 3RD FLOOR BHAYANI    52150124994
         SHOPPING CENTRE, BLOCK M
         NORTH NAZIMABAD


                                                                                                                                      www.standardchartered.com.pk   230
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1


                                                                                                           Outstanding Liabilities at         Amount Written off / Concession
                           Consolidated                                                                     beginning of the year
          S. No.   Name & Address of the borrowers   Name of Individuals/      Father/Husband's Name   Principal Interest Other Total         Principal Interest Other     Total
                                                     Partners/Directors.
                                                     (NIC No./Passport)


          521      MOHAMMAD IMRAN LATIF              MOHAMMAD IMRAN LATIF                              389,618        -     -    389,618       657,419     -     -       657,419
                   HOUSE NO 859ST NO 58              35876700918
                   SECTOR G-11/2ISLAMABAD
          522      MUNAWAR AHMED                     MUNAWAR AHMED                                     459,871        -     -    459,871       604,475     -     -       604,475
                   OFFICE NO 3POTOHAR PLAZA, BLUE    21154222117
                   AREA NEAR PIA OFFICE BUILDING
                   FAZAL E HAQ ROAD ISLAMABAD
          523      RANA M. UMER SHARIF               RANA M. UMER SHARIF                               -              -     -                  685,986 -   -     -       685,986
                   P 216 ST NO 3SARFRAZ COLONY       3310008917167
          524      SYED MUHAMMAD ALI SADIQ           SYED MUHAMMAD ALI SADIQ                           243,445        -     -   243,445        594,946     -     -       594,946
                   44-PECO ROADGATE NO.2             27071115963
                   G.E.H.S KOT LAKHPATLAHORE
          525      CHOUDHARY TALAT AZIZ              CHOUDHARY TALAT AZIZ                              -              -     -                  540,279 -   -     -       540,279
                   FLAT NO 2, SUBHANALLAH            50878387666
                   MASJID MADINA ROAD, ST NO 2
                   GULISTAN COLONY, LAYARI
          526      MUHAMMAD SHABBIR                  MUHAMMAD SHABBIR                                  470,940        -     -    470,940       559,584     -     -       559,584
                   73-A CHEEMA HOUSE SOHAIL          24489313023
                   ABADPEOPLES COLONY NO 2
          527      ZAHID LATIF                       ZAHID LATIF                                       737,815        -     -    737,815       811,026     -     -       811,026
                   83-HAQ NAWAZ ROAD QADDAFFI        26765014354
                   MARKET BAGHBAN PURALAHORE
          528      MUHAMMAD HAROON                   MUHAMMAD HAROON
                   SHOP NO T-340,SAEED JEWELLERS     21249095502                                       357,635        -     -    357,635       846,603     -     -       846,603
                   CHANN BAZAR,PURANA QILA,
          529      FAROOQ NIZAMI                     FAROOQ NIZAMI                                     532,237        -     -    532,237       662,672     -     -       662,672
                   8/8 NEW CIVIL LINE BUSINESS       24589083297
                   CENTRE FAISALABAD
          530      NASIR SAEED SHEIKH                NASIR SAEED SHEIKH                                536,464        -     -    536,464       620,578     -     -       620,578
                   39-C MEZZANINE FLOOR 12TH         52076298573
                   COMMERCIAL STREET PHASE 2
                   EXT DHA KARACHI
          531      IFTIKHAR SHAUKAT CHAUDHRY         IFTIKHAR SHAUKAT CHAUDHRY                         504,997        -     -    504,997       523,576     -     -       523,576
                   16/Y/JMADINA TOWN FAISALABAD      24465107015
          532      IRFAN JAMIL                       IRFAN JAMIL                                       622,253        -     -    622,253       627,624     -     -       627,624
                   2ND FLOOR, ALLIED BANK CENTRAL    27263042228
                   OFFICE BUILDING MAIN CLIFTON
                   OPPOSITE PSO HOUSE KARCHI
          533      MUHAMMAD MANSHA TAHIR             MUHAMMAD MANSHA TAHIR                             534,469        -     -    534,469       535,119     -     -       535,119
                   H NO 231 GG DHA LAHORE            28173229877
          534      SYED AHMED                        SYED AHMED                                        991,534        -     -    991,534       992,184     -     -       992,184
                   H.NO.11 STREET NO 17              10149022995
                   SECTOR F7/2 ISLAMABAD
          535      MASOOD AHMAD                      MASOOD AHMAD                                      644,975        -     -    644,975       645,625     -     -       645,625
                   H 7 KHAYABAN E JOHARI             10135636523
                   8/3 ISLAMABAD
          536      SYED AHMED                        SYED AHMED                                        79,038         -     -           79,038 4,779,638   -     -       4,779,638
                   H.NO.11 STREET NO 17              10149022995
                   SECTOR F7/2 ISLAMABAD
          537      TARIQ MUMTAZ                      TARIQ MUMTAZ                                      8,750          -     -                  525,621
                                                                                                                                           8,750           -     -       525,621
                   82-C, 11TH COMMERCIAL STREET,     51063059192
                   3RD FL DEFENCE AUTHORITY
                   PHASE II EXTKARACHI
          538      JAMES PRESTON KEAY                JAMES PRESTON KEAY                                12,825         -     -           12,825 769,610     -     -       769,610
                   F-5/1300, SOFTWARE TECHNOLOTY     LJ037927
                   PARK 1 E.T.C SIR AGHA KHAN
                   ROAD ISLAMABAD




231   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1


                                                                                                    Outstanding Liabilities at         Amount Written off / Concession
                 Consolidated                                                                        beginning of the year
S. No.   Name & Address of the borrowers       Name of Individuals/     Father/Husband's Name   Principal   Interest Other   Total     Principal Interest Other    Total
                                               Partners/Directors.
                                               (NIC No./Passport)


539      MIRZA HAQ NAWAZ                        MIRZA HAQ NAWAZ                                 526,024       -     -     526,024      555,403      -     -       555,403
         MIRZA HAQ NAWAZ? VILL.                 3420302411455
         AURANGABAD, P.O. AURANGABAD,
         TEH.SARAI ALAMGIR, GUJRAT.
540      KHAWAR SOHAIL                          KHAWAR SOHAIL                                   592,749       -     -     592,749      614,589      -     -       614,589
         H NO 5 ST D Y BLOCK KIKAR STOP         32288220155
         NEW MULTAN
541      MUHAMMAD NAEEM TUFAIL                  MUHAMMAD NAEEM TUFAIL                           546,744       -     -     546,744      575,920      -     -       575,920
         PLOT NO B-121, SECTOR 35-A,            52079578433
         KORANGI 4 ZAMAN TOWN
         GULSHAN E HALI
542      HABIB UR REHMAN                        HABIB UR REHMAN                                 548,801       -     -     548,801      613,753      -     -       613,753
         STAND NO 1 (ADA) BUS TERMINAL          15093030128
         SUPER HIGHWAY
543      ASSOCIATES INT. KARACHI (HINA YOUSUF) ASSOCIATES INT. KARACHI (HINA YOUSUF)            544,293       -     -     544,293      584,050      -     -       584,050
         709, 7TH FLOOR, TRADE TOWER            4220191209094
544      SHAHID AHMED                           SHAHID AHMED                                    536,528       -     -     536,528      582,921      -     -       582,921
         SHOP NO 2 & 3 PLOT NO 8C35             51786329820
         COMMERCIAL STREET PHASE V
         TAUHEED COM
545      SULEMAN HASSAN RATHORE                 SULEMAN HASSAN RATHORE                          377,072       -     -     377,072      508,144      -     -       508,144
         H NO 99 AZIZ SHAHEED ROAD CANTT        30080324678
546      AGHA MUJTABA ALI KHAN                  AGHA MUJTABA ALI KHAN                           528,670       -     -     528,670      541,532      -     -       541,532
         MR. AGHA MUJTABA ALI KHAN              3520195499183
         ROOM # 23, 3RD FLOOR TEXTILE PLAZA,
         I.I. CHUNDRIGAR ROAD, KARACHI?
547      IRSAHAD AHMAD SABRI                    IRSAHAD AHMAD SABRI                             520,571       -     -     520,571      562,451      -     -       562,451
         IRSHAD AHMAD SABRI FEROZE LODGE        13656062700
         9 RAFIQUI LANE PESHAWAR
         CANTT PESHAWAR
548      ATTIYA SHAKEEL                         ATTIYA SHAKEEL                                  513,141       -     -     513,141      635,450      -     -       635,450
         HOUSE NO 400/10-B, LANE NO 7           21291097523
         PESHAWAR ROAD
549      SYED ZAHOOR HUSSAIN SHAH KAZMI         SYED ZAHOOR HUSSAIN SHAH KAZMI                  535,519       -     -     535,519      551,051      -     -       551,051
         SHOP NO 2-B BASEMENT,                  21059903796
         MALL PLAZA SADDAR
550      ZEESHAN MEHBOOB                        ZEESHAN MEHBOOB                                 436,309       -     -     436,309      510,129      -     -       510,129
         595/B SALEEMI CHOWK SATIANA ROAD       3310065684095
         SANDAL BAR HOTEL
551      BUSHRA SABIR                           BUSHRA SABIR                                    48,427        -     -            48,427 619,435     -     -       619,435
         6-A MODEL COLONY Q BLOCK               26979491266
         MODEL TOWN
552      RAJA FAISAL RATHORE                    RAJA FAISAL RATHORE                             574,746       -     -     574,746      639,101      -     -       639,101
         H NO 158, ST NO 97I-8/4                71078529105
553      ALI MURTAZA SHAH                       ALI MURTAZA SHAH                                541,439       -     -     541,439      612,889      -     -       612,889
         H NO 81KACHI ABADIGHAFOOR              43957205871
         JAHANIYA CHOCK NEAR QASIM
         RANGERS QASIM ABAD
554      AMJAD ALI JAFFERY                      AMJAD ALI JAFFERY                               502,400       -     -     502,400      596,081      -     -       596,081
         H NO.50-C-4-AST/                       27691169816
         MUHALLAH LAWRANCE ROAD
555      ASIM ABBASI                            ASIM ABBASI                                     -             -     -                  680,873 -    -     -       680,873
         ASIM ABBASI?HOUSE#43                   3740564003699
         STREET#4 CHAKALA SCHEME III
         RAWALPINDI CANTT
556      SYED M. KHAWAR ANEES KAZMI             SYED M. KHAWAR ANEES KAZMI                      355,152       -     -     355,152      526,753      -     -       526,753
         18-21, LG FLOOR, AHAD ARCADE,          3520228251247
         5-C-3,GULBERG 3,


                                                                                                                                              www.standardchartered.com.pk   232
         Standard Chartered Bank (Pakistan) Limited
         Financial Statements (Consolidated)
         Annexure - 1

                                                                                                                 Outstanding Liabilities at        Amount Written off / Concession
                           Consolidated                                                                           beginning of the year
          S. No.   Name & Address of the borrowers       Name of Individuals/     Father/Husband's Name      Principal   Interest Other   Total    Principal Interest Other     Total
                                                         Partners/Directors.
                                                         (NIC No./Passport)


          557      MUHAMMAD ARSHAD                       MUHAMMAD ARSHAD                                      690,583    -     -              690,583 727,938 -          -         727,938
                   SHOP NO 8 UNITED BANK LIMITED         22059297375
                   SHANDAR CHOWK
          558      RANA NASIR JAMAL AMINI                RANA NASIR JAMAL AMINI                               431,010    -     -              431,010 564,836 -          -         564,836
                   SHOP # 4-6/A BAZAR TALWARAN           21280279501
                   MOTI BAZAR
          559      SOSAN BATOOL NARJIS                   SOSAN BATOOL NARJIS                                  446,243    -     -              446,243 606,652 -          -         606,652
                   HOUSE # 27-A BLOCK M                  3730121759512
                   GULBERG 3 LAHORE
          560      ABDUL RASHEED                         ABDUL RASHEED            USMAN GHANI (LATE)         1,000,000   -     -      1,000,000      859,151 63,317      -         922,468
                   HOUSE # 1-J44/10, NAZIMABAD # 1,      42301-5262371-5
                   NEAR SIR SYED GIRLS COLLEGE
          561      AMIR SHAHZAD                          AMIR SHAHZAD             RANA ZIAULLAH KHAN         1,000,000   -     -      1,000,000 1,000,000 120,761 -           1,120,761
                   DUBAI ASSOCIATES, FLAT # K14          33100-2247411-3
                   NAUMAN COMPLEX
                   BIK 13-O GULSHAN-E-IQBAL
          562      SHEIKH M. FAROOQ                      SHEIKH M. FAROOQ         SHEIKH M. HASSAN (LATE)    1,500,000   -     -      1,500,000 1,180,742 126,049 -           1,306,791
                   DUAA PLASTIC , FLAT # 10, 1A,1/35,    42101-1440320-7
                   2ND FLR, HINA PALACE NAZIMABAD # 1,
          563      MOHAMMAD SHEHZAD                      MOHAMMAD SHEHZAD         MOHAMMAD SALIM             1,000,000   -     -      1,000,000      833,043      80,317 -       913,360
                   OSAMA INTERNATIONAL,                  42101-6703554-5
                   FLAT NO. A-4, 4TH FLOOR NEW HOME
                   COMPLEX, SECTOR 11-H NORTH
          564      MOHAMMAD ZAHID                        MOHAMMAD ZAHID           MAQBOOL AHMED               850,000    -     -              850,000 764,169     83,877 -         848,047
                   MAHFOOZA DUPATA CORNER,               42301-7923599-1
                   SHAHEEN COMPOUND SHAHEEN
                   STREET HOUSE NO BJ/6 RAMSOMI
          565      ABDUL SATTAR                          ABDUL SATTAR             ABDUL GHAFFAR              1,500,000   -     -      1,500,000 1,471,784 177,271 -           1,649,055
                   A.S.K. ENTERPRISES, H. NO. 303,       35201-5213272-3
                   B-BLOCK, TAJ PURA SCHEM
                   MUGHAL PURA
          566      KHALIL KAMRAN                         KHALIL KAMRAN            AZIZ AKHTAR (LATE)          550,000    -     -              550,000 539,655     65,035 -         604,689
                   FAHAD & SAAD TRADING,                 35202-6379829-9
                   263 - E, ST 6-E MAKAH COLONY
                   GULBERG III
          567      SHAKIR ALI                            SHAKIR ALI               QUDRAT ALI (LATE)           800,000    -     -              800,000 687,324     19,762 -         707,086
                   S.J HERBAL LABORATORIES,              42201-1841851-7
                   HOUSE # A/186, BLOCK # 15,
                   GULISTAN -E- JOHAR,
          568      SYED RAEES ABBAS RIZVI                SYED RAEES ABBAS RIZVI   SYUED ZAWAR ABBAS RIZVI    1,500,000   -     -      1,500,000 1,308,857         20,947 -    1,329,805
                   AL-ABBAS TRADERS,                     42201-9778056-3
                   HOUSE NO 506 P.I.B COLONY
          569      MOHAMMAD AAMIR                        MOHAMMAD AAMIR           ABDUL MAJEED (LATE)         650,000    -     -              650,000 572,651     68,146 -         640,797
                   ABDUL MAJEED TRUNK STORE,             42101-1782176-9
                   HOUSE NO # 6/383/C LIAQUAITABAD
          570      MUHAMMAD SHAFI                        MUHAMMAD SHAFI           USMAN GHANI VOHRA (LATE)   1,500,000   -     -      1,500,000 1,214,382         37,674 -    1,252,056
                   VOHRA VIDEO ELECTRONICS,              42101-1872057-1
                   FLAT # 16, 2ND FLOOR,
                   PRINCE ARCADE BLOCK 7, FB AREA
          571      UMAR FAROOQ                           UMAR FAROOQ              GHZANFAR ALI               1,000,000   -     -      1,000,000      941,725      51,912 -         993,638
                   AL FAROOQ TYRE TUBE,                  42501-1473574-5
                   HOUSE NO A-2684,
                   GULSHAN E HADEED PHASE II
                   BIN QASIM
          572      MUHAMMAD HUSSAIN                      MUHAMMAD HUSSAIN         MUHAMMAD RAMZAN            1,000,000   -     -      1,000,000      763,390      53,943 -         817,334
                   AL - HUSSAIN TRADERS,                 35201-6570604-5
                   ITHAD COLONY, NEAR PSO DEPO,,
                   ITTIFAQ ROAD, KOT LAKHPAT,


233   SCBP Annual Report 2007
Standard Chartered Bank (Pakistan) Limited
Financial Statements (Consolidated)
Annexure - 1

                                                                                                  Outstanding Liabilities at        Amount Written off / Concession
                 Consolidated                                                                      beginning of the year
S. No.   Name & Address of the borrowers     Name of Individuals/     Father/Husband's Name   Principal   Interest Other    Total   Principal Interest Other     Total
                                             Partners/Directors.
                                             (NIC No./Passport)


573      MOHAMMAD MUSHTAQ                    MOHAMMAD MUSHTAQ         NAFEES AHMED            1,200,000      -      - 1,200,000     1,127,480   63,910   -    1,191,390
         TAYYABA STEEL CASTING,              35201-1523511-7
         HOUSE # 21, STREET NO 4,
         B - BLOCK HARBANSPURA
         MAIN BAZAR QALANDARPURA
574      ILLAHI BUX                          ILLAHI BUX               RAHIM BUX                950,000       -             - 950,000 725,384    72,586   -         797,970
         N.S.I. COMPUTERS , D-1/4 RABIA      43304-2604562-7
         CITY BLOCK 18 GULISTAN-E-JOHAR
575      GHULAM NABI                         GHULAM NABI              MOHAMMAD FEROZ KHAN     1,000,000      -      -   1,000,000    981,189    37,581   -    1,018,770
         HAQ BAHOO MILK SHOP,                42501-5603763-7
         CH: GHULAM NABI HOUSE
         BEH: GHANGORI NACLASS-77,
         MEHRAN HIGHWAY
576      FAZAL MAHMOOD AKRAM                 FAZAL MAHMOOD AKRAM      MUHAMMAD AKRAM MUGHAL   2,000,000      -      - 2,000,000     1,858,303 160,116    -    2,018,419
         SAFA INTERIORS, HOUSE B-28,         42201-8077668-7
         GULSHAN E IQBAL, BLOCK-
577      MIAN ABDUL REHMAN ARIF              MIAN ABDUL REHMAN ARIF   MIAN MOHAMMAD ARIF       650,000       -             - 650,000 572,651    50,086   -        622,737
         BUTT BROTHERS, H # 348, ST # 5,     35202-8023260-5
         RAVI BLOCK ALLAMA IQBAL TOWN
578      IRFAN AHMED BUTT                    IRFAN AHMED BUTT         ALLAH RUKHA BUTT        1,500,000      -      - 1,500,000     1,383,505 165,054    -   1,548,558
         AUTO CLINIC, 358- BLOCK A3,         34101-5078603-5
         JOHER TOWN
579      MIRZA ABDUL SHAKOOR                 MIRZA ABDUL SHAKOOR      MIRZA BASHIR BAIG        900,000       -             - 900,000 645,284    31,845   -        677,129
         HUSNAIN GARMENTS,                   35202-8495406-5
         HOUSE # 179, 42-A CHAND STREET
         GUMBAD DARASHUKO, CHAH MIRAH
580      SHARIF UDDIN                        SHARIF UDDIN             MUHAMMAD ISHAQ LATE      700,000       -             - 700,000 522,084    32,423   -        554,507
         NATIONAL FOOD STUFF & SALT          42501-1956052-3
         REFINER, HOUSE # 3 BLOCK F
         CANNT BAZAR NEAR CANNT
         BOARD LIABRARY
581      SYED M. NAZIR SHAH                  SYED M. NAZIR SHAH       UMER KHISHAB SHAH       1,500,000      -      - 1,500,000     1,128,888   95,991   -   1,224,878
         M/S SHAH SUPER STORE,               42401-2057754-1
         FLAT # A-34, 4TH FLOOR SUNNY VIEW
         APPT, BLOCK B N. NAZIMABAD
582      BISMILLAH KHAN KARIMI               BISMILLAH KHAN KARIMI    HAJI SARWAR KHAN        1,000,000      -      - 1,000,000      920,894    88,558   -   1,009,452
         DUBAI CLOTH HOUSE, # 425/426,       42401-4036228-7
         SEC 4/C NEW SAEEDABAD
         BULDIA TOWN NAI ABADI KYC
583      MUHAMMAD SALEEM                     MUHAMMAD SALEEM          HABIBULLAH LATE         1,100,000      -      - 1,100,000      921,678 108,363     -   1,030,040
         SALEEMS TRADING CO, G-3,            42401-8647195-1
         AL AFZAL SQUARE SF-89,
         BLOCK-B NORTH NAZIMABAD
584      FAISAL KHALID                       FAISAL KHALID            MUHAMMAD KHALID         1,000,000      -      - 1,000,000      942,365 113,044     -   1,055,409
         QADRI AUTO RUBBER STORE,            35202-8486353-7
         H # 213 A-4 BARAF KHANA STOP
         G.T ROAD BAGHBAN PURA
585      MUHAMMAD FAISAL                     MUHAMMAD FAISAL          SHEHBAZ AHMED KHAN      1,500,000      -      - 1,500,000     1,383,505 144,764    -   1,528,268
         FAISAL TRADERS, ST # 2,             35201-1694180-9
         LODHI HOUSE, GREEN PARK,
         SHALILMAR TOWN,
         LAHORE CANTT PAKISTAN
586      JAVAID IQBAL                        JAVAID IQBAL             ILAM DIN                1,500,000      -      - 1,500,000     1,189,413 138,470    -   1,327,883
         A.J. COMMUNICATION,                 42301-0829968-7
         P/NO-32K, F/NO. 3, 3RD FLOOR,
         21ST COMM. STREET, PHASE II,
         EXTN