KARACHI ): SBP has appointed primary dealers for financial year 2013-14. The applications were invited for selection of primary dealers for the financial year 2013-14 vide DMMD Circular No.12 of June 03, 2013 from all banks, investment banks, development finance institutions and listed brokerage houses, said a SBP circular addressed to all heads of banks/ DFIs/ investment banks and listed brokerage houses. This refers to the rules governing primary dealer system issued vide DMMD circular no. 12 dated July 03, 2012.

 and DMMD circular no. 11 dated May 31, 2013.

Upon evaluation of each applicant’s performance as per criteria laid down in the aforesaid rules, the following institutions have been selected as primary dealers of government securities (PIB & MTB) for FY 2013-14.