The State Bank of Pakistan (SBP) has invited applications from interested financial institutions for appointment as Primary Dealer of Government Securities for the year 2005-06. According to Exchange and Debt Management Department (EDMD) Circular No 5 issued on Saturday, for this purpose, EDMD Circular 8, dated July 5, 2003 regarding criteria and rules governing Primary Dealers, may be referred. The circular is accessible at http://www.sbp.org.pk/edmd/2003/ EDMD8.htm. The applicants have been asked to furnish the following information along with the application:
1. Latest annual report
2. Summary of month wise Secondary Market Transactions in PIB/FIB and MTBs from January 1, 2004 to April 30, 2005.
Applications from current primary dealers must reach at the EDMD latest by May 20 and from non-primary dealers latest by May 31.