The State Bank of Pakistan (SBP) has invited applications from interested financial institutions for appointment as primary dealers (PDs) of government securities for financial year 2011-12. Applications must reach the Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan latest by June 7, 2011.
The applicants have also been requested to furnish to DMMD with their applications, the latest annual report and the summary of month-wise secondary market transactions in Pakistan Investment Bonds (PIBs) and market treasury bills (MTBs) from July 1, 2010 to June 4, 2011 as per format attached with DMMD Circular No 06 dated May 16, 2011.
The existing PDs include National Bank of Pakistan, Standard Chartered Bank (Pakistan), United Bank, Habib Bank, JS Bank, Pak Oman Investment Co, NIB Bank, Citibank NA, MCB Bank and Faysal Bank.
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