The Presidents/ Chief Executive Officers

All Banks/ DFIs/ Investment Banks/ Listed Brokerage Houses

Dear Sir(s)/Madam(s),

SELECTION OF PRIMARY DEALERS FOR FY 2017 – 18

Applications are invited from interested financial institutions (mentioned above) for appointment as Primary Dealer of Government Securities (i.e. Pakistan Investment Bonds and Market Treasury Bills) for FY 2017-18. For this purpose, DMMD Circular No. 12 dated July 03, 2012 and No. 11 dated May 31, 2013 regarding rules governing Primary Dealer system may be referred. Applicants are requested to furnish the following information along with their application:

1. Latest Annual Report.
2. Detail of staff (qualification and work experience) dedicated for PD business.
3. Detail of Investor Portfolio of Securities (IPS) Accounts as of May 31, 2017.
4. Detail of initiatives taken for broadening of investor base of Government Securities.
5. Latest Schedule of Charges for Investor Portfolio of Securities (IPS) Accounts.

Applications, addressed to Director ‘Domestic Markets & Monetary Management Department’, must reach State Bank of Pakistan, Karachi latest by June 09, 2017 (close of business).