SBP removes ICBC, SCBPL from PD List

News Image

MG News | July 05, 2023 at 02:35 PM GMT+05:00

0:00

July 05, 2023 (MLN): The State Bank of Pakistan (SBP) has removed the Industrial and Commercial Bank of China-Pakistan Operations (ICBC) and Standard Chartered Bank (Pakistan) Limited from the list of Primary Dealers (PDs) in the Financial year 2023-24.

Overall, the SBP has appointed 10 banks as PDs of government securities and two companies as Special Purpose Primary Dealers (SPDs) for FY23-24.

Primary Dealers appointed for FY23-24 included Bank Al-Falah Limited (BAFL), Habib Bank Limited (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP), Habib Metropolitan Bank Limited (HMB), JS Bank Limited (JSBL), Pak Oman Investment Company Limited, United Bank Limited (UBL), the Bank of Punjab (BOP) and Citi Bank N.A-Pakistan Operations.

Moreover, the National Clearing Company of Pakistan Limited (NCCPL) and the Central Depository Company of Pakistan (CDS) continued to operate as SPDs.

Bank Al-Falah Limited (BAFL), Habib Bank Limited (HBL), and MCB Bank Limited (MCB) were the top-performing PDs during FY22-23.

“Performance ranking of all other PDs/SPDs during FY 2022-23 will be communicated individually through separate letters,” the circular further reads.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 139,424.87
53.70M
0.87%
1207.28
ALLSHR 85,855.38
151.07M
0.74%
631.49
KSE30 42,593.15
21.04M
1.04%
438.20
KMI30 195,775.89
21.35M
1.40%
2693.89
KMIALLSHR 56,490.18
58.66M
0.96%
536.10
BKTi 38,132.23
2.63M
0.02%
8.96
OGTi 27,630.84
1.67M
1.09%
297.67
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,080.00 118,085.00
116,275.00
260.00
0.22%
BRENT CRUDE 68.56 69.12
68.48
-0.65
-0.94%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.28 65.86
65.19
-0.67
-1.02%
SUGAR #11 WORLD 16.36 16.86
16.35
-0.46
-2.73%

Chart of the Day


Latest News
July 22, 2025 at 10:35 AM GMT+05:00

Govt to provide free saplings for monsoon tree drive


July 22, 2025 at 10:15 AM GMT+05:00

Govt to define SMEs in industrial policy


July 22, 2025 at 10:13 AM GMT+05:00

Saudi Riyal available at PKR 77.2 in open market


July 22, 2025 at 09:36 AM GMT+05:00

Pakistan, Australia to boost energy, mineral cooperation


July 22, 2025 at 09:28 AM GMT+05:00

Asia markets waver as investors eye tariffs, Fed moves



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg