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Client Pioneer Cement Limited Date of Stock Count: June

Period Year Ended June 30, 2006 28, 2006


Subject Physical Stock Count-Stores and Spares Time of Stock Count: 9:00
am
FRSH Representatives:
1. Gulzar ahmad
2. Syed Ali Hammad
3. Muhammad Faisal Gull
4. Muhammad Al-Zafar

Client
63.93%

Conclusion:
The company has maintained a very sound record of stores and spares and no difference
has been identified during the stock recorded and actual quantities, Proper bin cards are
maintained and inventory is preserved in very good condition.

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