All Banks/DFIs/Investment Banks

and Listed Brokerage Houses/ Securities’ Depositories/ Clearing Institutions

Dear Sirs/Madams,

Appointment of

Primary Dealers/Special Purpose Primary Dealers

for Financial Year 2024-25

This refers to the rules

governing Primary Dealer (PD) system issued

vide DMMD Circular No. 07 dated April 12, 2021.

Applications were invited for selection of

PDs/PPDs/SPDs for the Financial Year (FY)

2024-25 vide DMMD circular letter no 05 dated May 09, 2024

from all eligible institutions under said

rules.

Upon evaluation of all applicants

under the criteria laid down in the aforesaid

rules, please be advised that the following

institutions have been selected for roles

as specified below:

Top three performing PDs during FY 2023-24 are as under:

1. Bank Al-Falah Limited
2. National Bank Of Pakistan
3. Habib Bank Limited

Performance ranking of all other PDs/SPDs during FY 2023-24 will be communicated individually through separate letters.