Karachi, State Bank of Pakistan SBP appointed eleven Primary Dealers for next financial year (FY 2012-13) which include JS Bank Limited, Habib Bank Limited, Faysal Bank Limited, NIB Bank Limited, National Bank of Pakistan, Bank Alfalah Limited, Pak Oman Investment Co. Limited, United Bank Limited, Citibank NA (Pakistan Branches), MCB Bank Limited and Standard Chartered Bank (Pakistan) Limited.
Applications were invited for selection of Primary Dealers for financial Year FY 2012-13 from all banks, investment banks, development financial institutions and listed brokerage houses. On evaluation of each applicant’s performance, above mentioned institutions have been selected as Primary Dealers of Government Securities (PIBs & MTBs) for FY 2012-13, SBP circular said Friday. Three primary dealers JS Bank Limited, Habib Bank Limited & Faysal Bank Limited were top three performers during FY 2011-12, circular added.
