All Banks/DFIs/Investment Banks

and Listed Brokerage Houses/ Securities' Depositories/ Clearing Institutions

Dear Sir/Madam,

Appointment Of Primary Dealers/Special Purpose Primary Dealers For Financial Year 2021-22

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) 2021-22 vide DMMD Circular Letter No. 01 dated Apr 28, 2021 from all eligible institutions under said rules.

State Bank of Pakistan received thirteen applications for appointment of PDs and two applications for the role of SPDs of Government Securities (PIB & MTB). Upon evaluation of each applicant 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 2020-21 are as under:

1. Habib Bank Limited
2. Allied Bank of Pakistan
3. Bank Al-Falah Limited