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 2023-24

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) 2023-24 vide DMMD Circular Letter no 02 dated May 12, 2023 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 2022-23 are as under:

1. Bank Al-Falah Limited
2. Habib Bank Limited
3. MCB Bank Limited

Performance ranking of all other PDs/SPDs during FY 2022-23 will be communicated individually through separate letters.