All Head of Banks/DFIs/Investment Banks

and Listed Brokerage Houses

Dear Sir/Madam,

APPOINTMENT OF PRIMARY DEALERS FOR FINANCIAL YEAR 2015-16

This refers to the rules governing Primary Dealer System issued vide DMMD Circular No. 12 dated July 03, 2012 and DMMD Circular No. 11 dated May 31, 2013. Applications were invited for selection of Primary Dealers for the Financial Year (FY) 2015-16 vide DMMD Circular No.8 dated May 15, 2015 from all Banks, Investment Banks, Development Financial Institutions and listed Brokerage Houses.

Upon evaluation of each applicant’s performance under the criteria laid down in the aforesaid rules, please be advised that the following institutions have been selected as Primary Dealers of Government Securities (PIB & MTB) for FY 2015-16.

Top three performing PDs during FY 2014-15 are as under:

• Habib Bank Limited
• Bank Alfalah Limited
• JS Bank Limited