The State Bank of Pakistan (SBP) has invited applications from financial institutions for appointment as Primary Dealers (PDs) of Government Securities for Financial Year 2011-12. According to an SBP statement, the applications must reach the Domestic Markets and Monetary Management Department (DMMD) of the central bank latest by June 7. The applicants have also been requested to furnish to DMMD with their applications the latest annual report and the summary of month-wise Secondary Market Transactions in Pakistan Investment Bonds (PIBs) and Market Treasury Bills (MTBs) from July 1, 2010 to June 4 this year in lines with the format attached with DMMD Circular No. 06 dated May 16, 2011.