Government securities 12 primary dealers for fiscal year 2016 appointed

State Bank of Pakistan (SBP) appointed twelve (12) Primary Dealers of Government Securities (PIB & MTB) for FY 2015-16 Applications were invited for the selection of Primary Dealers for the Financial Year (FY) 2015-16 vide DMMD Circular No 8 dated May 15, 2015 from all Banks, Investment Banks, Development Financial Institutions and listed Brokerage Houses.
Upon evaluation of each applicant's performance under the criteria laid down in the aforesaid rules, some 12 institutions have been selected as Primary Dealers of Government Securities (PIB & MTB) for FY 2015-16. This includes Habib Bank Limited, Bank Alfalah Limited, JS Bank Limited, NIB Bank Limited, National Bank Limited, United Bank Limited, Faysal Bank Limited, MCB Bank Limited, Standard Chartered Bank (Pakistan) Limited, Pak Oman Investment Company Limited, Citibank NA (Pakistan Operations) and Allied Bank Limited. While, Habib Bank Limited, Bank Alfalah Limited and JS Bank Limited were top three performing PDs during FY 2014-15.