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SBP selects primary dealers for government securities’ bidding

ISLAMABADl: State Bank of Pakistan (SBP) has selected eleven primary dealers who can take part in the bidding of government securities during the current fiscal year, ARY News reported.

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According to the statement issued by SBP, NIB Bank, Habib Bank, National Bank, Standard & Charted Bank, United Bank, Pak-Oman Investment Company, Faysal Bank, MCB bank and Citi Bank NA (Pakistan Operation) have been selected. The selections of these institutes have been done on the basis of performance.

The selected dealers are eligible to take part in the bidding of Pakistan Investment Bonds and Treasury bills.

Previous year NIB Bank, Habib Bank and National Bank were declared as best primary dealers.

 

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