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) 2021-22 vide DMMD Circular Letter No. 01 dated Apr 28, 2021 from all eligible institutions under said rules.
State Bank of Pakistan received thirteen applications for appointment of PDs and two applications for the role of SPDs of Government Securities (PIB & MTB). Upon evaluation of each applicant under the criteria laid down in the aforesaid rules, please be advised that the following institutions have been selected for roles as specified below:
Sr.# |
Name |
Primary Dealers |
1 |
Habib Bank Limited |
2 |
Allied Bank Limited |
3 |
Bank Al-Falah Limited |
4 |
JS Bank Limited |
5 |
National Bank of Pakistan |
6 |
MCB Bank Limited |
7 |
United Bank Limited |
8 |
Pak Oman Investment Company Limited |
9 |
Faysal Bank limited |
10 |
Standard Chartered Bank (Pakistan) Limited |
11 |
The Bank of Punjab |
12 |
Citi Bank N.A-Pakistan Operations |
13 |
Industrial and Commercial Bank Of China-Pakistan |
Special Purpose Primary Dealers |
1 |
National Clearing Company of Pakistan Limited |
2 |
Central Depository Company of Pakistan |
Top three performing PDs during FY 2020-21 are as under:
- Habib Bank Limited
- Allied Bank of Pakistan
- Bank Al-Falah Limited