Tender Details
Description / Scope of Work
The Pakistan Institute of Fashion and Design (PIFD), Lahore, Punjab, invites sealed bids for the hiring of a chartered accountancy firm to conduct the external audit of the institute for the financial year 2025-26. This is a non-consultancy services tender issued on a national basis using a Single Stage-Two Envelope bidding procedure. The scope encompasses full external audit services including verification of financial statements, compliance review, and audit reporting in accordance with applicable auditing standards. The tender is open to qualified chartered accountancy firms operating in Pakistan and registered with relevant professional bodies. Prospective bidders must meet specified eligibility criteria including firm registration, relevant experience, and technical qualifications.
Eligibility requirements typically include registration with the Institute of Chartered Accountants of Pakistan (ICAP), valid tax registration number, auditor qualification certificate from the State Bank of Pakistan or equivalent regulatory approval, and no adverse disciplinary record. Bidders must demonstrate prior experience conducting institutional audits. A bid security amount as specified in the Bid Data Sheet is mandatory. All required statutory declarations, affidavits on stamp paper, price reasonability certificates, and supporting documentation must accompany the bid submission.
The bid documents are available from the office of the Treasurer, Pakistan Institute of Fashion and Design, 51 J-III, Johar Town, Lahore. Sealed bids comprising technical and financial envelopes must be submitted by the closing date specified in the tender advertisement. The bid opening will take place on the scheduled date following the closing deadline. For further information, queries, or document collection, interested firms should contact the Treasurer at telephone +92-345-434-7006 or email treasurer@pifd.edu.pk.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
PIFD seeks an external auditor for FY 2025-26 under a two-envelope procurement.
This is a recurring annual engagement (implied by fiscal year specification) likely modest in scope given the institute's size. Deadline closure is past (August 2026), making submission impossible now. Eligible bidders must hold ICAP registration and State Bank auditor approval. Competition typically includes mid-tier Lahore-based firms with educational institution audit experience.
Who can bid: Bidders must be registered chartered accountants with ICAP, hold current tax registration, possess State Bank of Pakistan auditor qualification certificate, and have demonstrable experience in institutional audits. Firms under disciplinary action are ineligible. Typically, Pakistani audit firms must also maintain valid professional indemnity insurance and adhere to International Standards on Auditing.