Tender Details
Description / Scope of Work
Islamabad Electric Supply Company Ltd (IESCO), a leading power distribution company of Pakistan serving over 4.1 million consumers across the Islamabad region, invites offers from banks for investment of PKR 12,182 million in Term Deposit Receipts (TDR) and Treasury Bills (T-Bills) with a maturity period of one year. The investment process will be conducted through E-Pads Version 1.0 platform, with bidding documents to be opened on 12 August 2026 at IESCO Head Quarter, Street 40, Sector G-7/4 Islamabad. Participating banks must maintain a minimum Short-Term Rating of A1+ and Long-Term Rating of AAA as determined by the State Bank of Pakistan.
Eligible banks include both Public and Private Sector Banks that fulfill the prescribed credit rating criteria. Banks are required to bring their current Short-Term and Long-Term ratings issued by SBP and submit two separate offer letters with hard copies in a sealed envelope, one each for TDR and T-Bills. IESCO will not invest more than 20 percent of its Consumer Security Deposit Account fund base (equivalent to PKR 2,436 million) in any single bank. Registered participants must complete their registration on E-Pads Version 1.0 to participate in the bidding process.
Banks must submit their bids by 12 August 2026 at 11:00 AM in the Committee Room at IESCO Head Quarter. The validity of profit rates should be at least 7 days from the bidding date, extendable on IESCO's request. In case of government-announced holidays or strikes affecting IESCO operations, the proposal opening will be rescheduled to the next working day at the same time and venue. IESCO's Management Investment Committee retains the right to cancel the bidding process under PPRA Rules 33(1).
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
IESCO seeks PKR 12.2 billion investment in one-year TDR and T-Bills from AAA-rated banks, with 20% portfolio limit per institution. This is a straightforward short-term liquidity placement by a major utility, likely recurring annually given IESCO's cash management needs. Only top-tier banks with SBP AAA long-term rating can participate. Competition will be intense; profit rates must hold for seven days minimum. Winning bidders gain deposits from a stable, credit-worthy state-owned enterprise.
Who can bid: Eligible bidders must be Public or Private Sector Banks with minimum SBP Short-Term Rating of A1+ and Long-Term Rating of AAA. Banks must possess current SBP credit ratings and be capable of participating on the E-Pads Version 1.0 platform. Registration on E-Pads is mandatory. No single bank may receive more than 20 percent (PKR 2,436 million) of total investment.