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State Bank of Pakistan allows one more bank to conduct financial derivative business as ADD

Karachi: The State Bank of Pakistan (SBP) today issued Authorized Derivative Dealer (ADD) Licence to Faysal Bank Limited to conduct financial derivative business. Now six banks including Citibank, Deutsche Bank, Faysal Bank Limited, Habib Bank Limited, Standard Chartered Bank (Pakistan) limited and United Bank Limited are allowed to conduct financial derivative business as Authorized Derivative Dealers (ADDs) in Pakistan, says DMMD Circular No.02 of January 17, 2012.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
Email: syed.wasimuddin@sbp.org.pk

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