The State Bank of Pakistan has postponed its meeting with the chief executives of exchange companies to Saturday due to a bomb blast in Karachi on Friday.
The meeting was scheduled for Friday to discuss the widening gap between interbank and open market dollar rates and slow progress for selling of franchise by the exchange companies.
The SBP will hold the meeting on Saturday with exchange companies and later a meeting will also be held with the moneychangers.
PRIMARY DEALERS: Meanwhile, the central bank invited applications for appointment of 'Primary Dealers' for Government Securities for the year 2004-05.
The SBP on Friday issued a circular which advised the financial institutions to apply, with documents of latest annual report and summary of Secondary Market Transactions in PIBs/FIBs as well as MTBs during 2003-04.
The applications should reach SBP latest by May 20, 2004, and from non-primary dealers latest by May 31, 2004.
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