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) 2016-17 vide DMMD Circular No.06 dated May 13, 2016 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, please be advised that the following institutions have been selected as Primary Dealers of Government Securities (PIB & MTB) for FY 2016-17.
| S.No. |
Name of the Primary Dealer |
| 1 |
Habib Bank Limited. |
| 2 |
National Bank of Pakistan. |
| 3 |
Allied Bank Limited.. |
| 4 |
Pak Oman Investment Company Limited. |
| 5 |
JS Bank Limited. |
| 6 |
MCB Bank Limited. |
| 7 |
United Bank Limited. |
| 8 |
Bank Alfalah Limited. |
| 9 |
NIB Bank Limited. |
| 10 |
Faysal Bank Limited. |
| 11 |
Citibank NA (Pakistan Operations). |
| 12 |
Standard Chartered Bank (Pakistan) Limited. |
Top three performing PDs during FY 2015-16 are as under:
1. Habib Bank Limited
2. National Bank of Pakistan
3. Allied Bank Limited
.