SBP appoints 13 banks as primary dealer of government securities for FY 21-22
July 3, 2021
The State Bank of Pakistan appointed 13 banks as Primary Dealers (PDs) of government securities and two companies as Special Purpose Primary Dealers (SPDs) for Financial Year 2021-22.
According to a circular issued by the Domestic Market and Monetary Management Department of SBP, after evaluation of received applications under the laid down criteria the central bank has selected 13 applicants for appointment as primary dealer while 2 other institutions were selected for the role of SPDs of government securities-PIB and MTB.
Primary Dealers appointed for FY 2021-22 included Habib Bank Limited, Allied Bank Limited, Bank Al-Falah Limited, JS Bank Limited, National Bank of Pakistan, MCB Bank Limited, United Bank Limited, Pak Oman Investment Company Limited, Faysal Bank limited, Standard Chartered Bank (Pakistan) Limited, The Bank of Punjab, CitiBank N.A-Pakistan Operations and Industrial and Co
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