Please
refer to Primary Dealer governing rules issued vide EDMD
Circular No.11 dated August 11, 2005 and subsequent amendments
circulated vide FSCD Circular No. 7 dated June 06, 2009.
Applications were invited for selection of Primary Dealers
for the Financial Year 2010-11 vide FSCD Circular No.6
dated May 17, 2010 from all Banks, Investment Banks, Development
Financial Institutions and Brokerage Houses.
Upon evaluation of each applicant’s performance
under the criteria laid down in the aforementioned rules,
it is hereby advised that the following institutions have
been selected to act as Primary Dealers for the financial
year 2010-11.
S.
No. |
Primary
Dealer’s Name |
1 |
National
Bank of Pakistan |
2 |
Standard
Chartered Bank (Pakistan) Limited |
3 |
United
Bank Limited |
4 |
Habib
Bank Limited |
5 |
JS
Bank Limited |
6 |
Pak
Oman Investment Co. Ltd |
7 |
NIB
Bank Limited |
8 |
Citibank
NA |
9 |
MCB
Bank Limited |
10 |
The
Royal Bank of Scotland |
|
11 |
Faysal
Bank Limited |
As
communicated to all the PDs during quarterly review meetings
that to promote transparency in the system, their performance
would be ranked on the basis of criteria set-forth in
aforesaid circulars, both in terms of their activities
in primary & secondary government securities markets.
Following is the list of top three performers during the
FY 2009-10;
1.
National Bank of Pakistan
2. Standard Chartered Bank (Pakistan ) Limited
3. United Bank Limited. |