SBP invites applications for appointment of Primary Dealers for government securities

April 28, 2021 (MLN): The State Bank of Pakistan (SBP) has invited applications from eligible institutions for appointment as Primary Dealer (PDs)/ Preliminary Primary Dealers/ (PPDs)/ Special Purpose Primary Dealers (SPDs) of Government Securities (Pakistan Investment Bonds and Market Treasury Bills) for FY22.

According to the circular issued by SBP, the selection criteria, process thereof, privileges, obligations, and performance criteria for each category of the dealership, can be seen in DMMD Circular No. 07 of 2021 issued on April 12, 2021, in which SBP notified that it introduced two additional categories of dealers, in addition to the full-fledged Primary Dealers, under the Primary Dealers System of marketable government securities.

As per the circular, applications, addressed to Director ‘Domestic Markets & Monetary Management Department’, must reach the State Bank of Pakistan, Karachi latest by 25-May-2021. A soft copy of the application must also be emailed at pd.reporting@sbp.org.pk.

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