State Bank of Pakistan (SBP) has announced to appoint Primary Dealers for Financial Year 2014-15 (FY15). SBP had invited applications for selection of Primary Dealers for FY15 on May 16, 2014 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 11 institutions have been selected as Primary Dealers of Government Securities (Pakistan Investment Bond and Market Treasury Bills) for FY15. NIB Bank Limited, Habib Bank Limited, National Bank Limited, JS Bank Limited, Standard Chartered Bank (Pakistan) Limited, United Bank Limited, Pak Oman Investment Company Limited, Faysal Bank Limited, MCB Bank Limited, Citibank NA (Pakistan Operations) and Bank Alfalah Limited are primary dealer for this fiscal year. While, according to SBP NIB Bank Limited, Habib Bank Limited and National Bank Limited were top three performing primary dealers during FY 14.
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