All heads of Schedule Banks/DFIs/Investment Banks

Listed Brokerage Houses

Dear Sirs/ Madams,

PRIMARY DEALER SELECTION FOR THE YEAR 2013-14

Applications are invited from interested financial institutions for appointment as Primary Dealer of Government Securities (i.e. Pakistan Investment Bonds and Market Treasury Bills) for the year 2013-14. For this purpose, DMMD Circular No. 12 dated July 03, 2012 and DMMD Circular 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. Summary of month-wise Secondary Market Transactions in PIBs and MTBs from July 1, 2012 to June 13, 2013 as per format attached as Annexure-A.
3. Detail of Investor’s Portfolio of Securities (IPS) Account as per format attached as Annexure-B.
4. Latest Schedule of Charges for Investor’s Portfolio of Securities Account.
5. Existing Primary Dealers should also provide month-wise summary of secondary market transactions, with other PDs, in PIBs and MTBs, concluded on EBND (Electronic Bond Trading System) during the period from July 01, 2012 to June 13, 2013, as per format attached as Annexure -C.

Applications addressed to Director, Domestic Markets & Monetary Management Department, must reach to State Bank of Pakistan, Karachi latest by close of business on June 17, 2013.