Applications for PDs selection

OUR STAFF REPORTER KARACHI - The SBP has invited applications from interested financial institutions for appointment as Primary Dealers (PDs) of Govt Securities for Financial Year 2011-12. Applications must reach the Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan latest by June 07, 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 PIBs and MTBs from July 1, 2010 to June 04, 2011 as per format attached with DMMD Circular No 06 dated May 16, 2011. The existing PDs include: M/s National Bank of Pakistan, Standard Chartered Bank (Pakistan) Limited, United Bank Limited, Habib Bank Limited, JS Bank Limited, Pak Oman Investment Co. Ltd, NIB Bank Limited, Citibank NA, MCB Bank Limited and Faysal Bank Limited.

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