SBP appoints Primary Dealers, Special Purpose Dealers for FY27

MG News | July 23, 2026 at 05:10 PM GMT+05:00

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July 23, 2026 (MLN): The State Bank of Pakistan (SBP) has appointed 10 banks as Primary Dealers (PDs) and two institutions as Special Purpose Primary Dealers (SPDs) for fiscal year 2026-27, following an evaluation of applications received from eligible institutions.

The selection was communicated through DMMD Circular No. 03, issued on July 23, 2026.

The circular refers to the rules governing the Primary Dealer system issued vide DMMD Circular No. 07 dated April 12, 2021, under which applications for FY2026-27 were invited vide DMMD Circular Letter No. 06 dated May 7, 2026.

Sr. #	Primary Dealers
1	United Bank Limited
2	National Bank of Pakistan
3	Bank Alfalah Limited
4	Habib Bank Limited
5	Habib Metropolitan Bank Limited
6	MCB Bank Limited
7	The Bank of Punjab
8	Pak Oman Investment Company Limited
9	JS Bank Limited
10	Citi Bank N.A., Pakistan Branch

Sr. #	Special Purpose Primary Dealers
1	Central Depository Company of Pakistan Limited
2	National Clearing Company of Pakistan Limited

Circular also disclosed the top three performing PDs during FY2025-26: United Bank Limited ranked first, followed by National Bank of Pakistan and Bank Alfalah Limited.

The performance ranking of all other PDs/SPDs during FY2025-26 will be communicated individually through separate letters, the SBP said.

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