Regulatory Alerts2025-06-11 | DMMD Circular No. 05Changes in Procedures of Government Securities Auctions and Monetary Policy Liquidity Operations in respect of Pakistan Real-Time Interbank Settlement Mechanism Plus (PRISM+)
The State Bank of Pakistan has transitioned its government securities auctions and Open Market Operation procedures to the PRISM+ platform. Primary Dealers are now mandated to utilize the PRISM+ terminal for bidding, result notifications, and maintaining robust system connectivity, with manual submission permitted only during system unavailability. Additionally, quoting obligations for government securities have been expanded to include the PRISM+ platform alongside existing channels.
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