All Head of Banks/DFIs/Investment Banks/Listed Brokerage Houses

Dear Sir/Madam,

PRIMARY DEALER SELECTION FOR THE YEAR 2008-09

Applications are invited from interested financial institutions for appointment as Primary Dealer of Government Securities for the year 2008-09. For this purpose, EDMD Circular No. 11 dated August 27, 2005 regarding criteria and rules governing primary dealers, may be referred. The circular is accessible at https://www.sbp.org.pk/circulars/edmd-circular-no-11-of-2005. Applicants are requested to furnish the following information along with the application:

1. Latest Annual Report.
2. Summary of month-wise Secondary Market Transactions in PIB/FIB and MTBs from July 1, 2007 to May 31, 2008.

Applications must reach Financial Markets Strategy & Conduct Department, latest by June 03, 2008.