Circulars/Notifications - Domestic Market & Monetary Management Department  
 DMMD Circular No. 03 of 2024 July 10, 2024

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

Dear Sirs/Madams,

Appointment of Primary Dealers/Special Purpose Primary Dealers for Financial Year 2024-25

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) 2024-25 vide DMMD circular letter no 05 dated May 09, 2024 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  National Bank of Pakistan
3  Habib Bank Limited
4  Habib Metropolitan Bank Limited
5  United Bank Limited
6  The Bank of Punjab
7  MCB Bank Limited
8  Pak Oman Investment Company Limited
9  JS Bank Limited
10  Citi Bank - Pakistan
 Special Purpose Primary Dealer
1  Central Depository Company Limited
2  National Clearing Company Of Pakistan

Top three performing PDs during FY 2023-24 are as under:
    1. Bank Al-Falah Limited
    2. National Bank Of Pakistan
    3. Habib Bank Limited

Performance ranking of all other PDs/SPDs during FY 2023-24 will be communicated individually through separate letters.


Yours truly,


(Dr. Mahmood ul Hasan Khan)

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