All Banks/DFIs/Investment Banks

and Listed Brokerage Houses

Dear Sir/Madam,

APPOINTMENT OF PRIMARY DEALERS FOR FINANCIAL YEAR 2017-18

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) 2017-18 vide DMMD Circular No. 06 dated May 18, 2017 from all Banks, Investment Banks, Development Financial Institutions and Listed Brokerage Houses.

State Bank of Pakistan received thirteen applications for appointment of Primary Dealers of Government Securities (PIB & MTB). 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 2017-18.

Top three performing PDs during FY 2016-17 are as under:

1. Habib Bank Limited
2. National Bank of Pakistan
3. United Bank Limited