Karachi, June 30, 2014 (PPI-OT): This refers to the rules governing Primary Dealer System issued vide DMMD Circular No. 12 dated July 03, 2012 and DMMD Circular No. 11 dated May 31, 2013. Applications were invited for selection of Primary Dealers for the Financial Year (FY) 2014-15 vide DMMD Circular No.7 dated May 16, 2014 from all Banks, Investment Banks, Development Financial Institutions and listed Brokerage Houses.
Upon evaluation of each applicant’s performance under the criteria laid down in the aforesaid rules, the following institutions have been selected as Primary Dealers of Government Securities (PIB and MTB) for FY 2014-15.
S.No. Name of the Primary Dealer
01 NIB Bank Limited
02 Habib Bank Limited
03 National Bank Limited
04 JS Bank Limited
05 Standard Chartered Bank (Pakistan) Limited
06 United Bank Limited
07 Pak Oman Investment Company Limited
08 Faysal Bank Limited
09 MCB Bank Limited
10 Citibank NA (Pakistan Operations)
11 Bank Alfalah Limited
Top three performing PDs during FY 2013-14 are as under:
1. NIB Bank Limited
2. Habib Bank Limited
3. National Bank Limited
For more information, contact:
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
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