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) 2014-15 vide DMMD Circular No.7 dated May 16, 2014 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, the following institutions have been selected as Primary Dealers of Government Securities (PIB & MTB) for FY 2014-15.
| S.No. |
Name of the Primary Dealer |
| 1
|
NIB Bank Limited |
2
|
Habib Bank Limited |
3
|
National Bank Limited |
4
|
JS Bank Limited |
5
|
Standard Chartered Bank (Pakistan) Limited |
6
|
United Bank Limited |
7
|
Pak Oman Investment Company Limited |
8
|
Faysal Bank Limited |
9
|
MCB Bank Limited |
10
|
Citibank NA (Pakistan Operations) |
11
|
Bank Alfalah Limited |
Top three performing PDs during FY 2013-14 are as under:
- NIB Bank Limited
- Habib Bank Limited
- National Bank Limited