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SBP allows Faysal Bank to conduct financial derivative business as ADD

APP Published January 17, 2012
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KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued authorized derivative dealer (ADD) license to Faysal Bank Limited to conduct financial derivative business.

According to DMMD Circular No 02 of January 17, 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 ADD in Pakistan.

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