Circulars/Notifications - Domestic Market & Monetary Management Department  
 DMMD Circular No. 14 of 2022 July 12, 2022

All Banks/DFIs/Investment Banks
and Listed Brokerage Houses/ Securitiesí Depositories/ Clearing Institutions

Dear Sir/Madam,

Appointment of Primary Dealers/Special Purpose Primary Dealers for Financial Year 2022-23

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) 2022-23 vide DMMD Circular Letter No. 03 dated May 9, 2022 from all eligible institutions under said rules

Upon evaluation of all applicants 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 Dealer
1  Bank Al-Falah Limited
2  Habib Bank Limited
3  National Bank of Pakistan
4  United Bank Limited
5  MCB Bank Limited
6  JS Bank Limited
7  Standard Chartered Bank (Pakistan) Limited
8  Pak Oman Investment Company Limited
9  The Bank of Punjab
10  Citi Bank N.A-Pakistan Operations
11  Industrial and Commercial Bank Of China-Pakistan Operations
12  Habib Metropolitan Bank Limited
 Special Purpose Primary Dealer
1  National Clearing Company of Pakistan Limited
2  Central Depository Company of Pakistan

Top three performing PDs during FY 2021-22 are as under:

  1. Bank Al-Falah Limited
  2. Habib Bank Limited
  3. National Bank of Pakistan


Yours truly,

(Dr. Mahmood ul Hasan Khan)

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