Tender Details
Description / Scope of Work
The Privatisation Commission, Government of Pakistan, invites qualified interested parties to submit proposals for engagement as Financial Advisor for the privatisation of Pakistan Reinsurance Company Limited. The assignment is to be executed under the Quality and Cost Based Selection (QCBS) procedure in accordance with the Privatisation Commission (Hiring of Financial Advisers) Regulations, 2018. This is a significant engagement supporting a major infrastructure and financial sector reform initiative at the federal level, with scope covering financial advisory services throughout the privatisation process.
Interested parties must meet professional qualification standards and demonstrate relevant experience in financial advisory services for privatisation transactions. Bidders are required to submit a mandatory non-refundable processing fee of US$1,000 via banker's cheque or wire transfer to the National Bank of Pakistan accounts designated for this purpose. The technical and financial proposals must be submitted together with this fee, and bidders should ensure compliance with all regulatory requirements of the Privatisation Commission.
Bid documents should be submitted to the Privatisation Commission, located at 4th Floor, Kohsar Block, New Pak Secretariat, Constitution Avenue, Islamabad. Prospective bidders may contact the Advisor (Power-II) at the Commission's office by telephone at +92-51-9217972 or via email at rizwan@privatisation.gov.pk for clarifications and to obtain complete tender documentation, including the Terms of Reference and draft Financial Advisory Services Agreement.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
The Privatisation Commission seeks a Financial Advisor for privatising Pakistan Reinsurance Company Limited under QCBS criteria.
This is a strategic, high-profile engagement requiring deep expertise in reinsurance sector dynamics, Pakistani regulatory frameworks, and complex transaction structuring. The assignment likely spans 12–24 months with multiple phases: valuation, market preparation, bidder management, and transaction closure. Competing advisors should have demonstrable track record in insurance/reinsurance privatisations in emerging markets and strong relationships with institutional investors. Early engagement is critical; the September 2026 deadline allows ~18 months for proposal and selection.
Who can bid: Bidders must be financial advisory firms or consortia with proven experience in privatisation transactions. Typically, firms should be registered with SECP (for asset managers/advisors) or relevant financial authority and hold valid NTN. No PEC category applies. The notice does not specify minimum turnover, but given the federal-level privatisation mandate, large multinational or established Pakistani advisory houses are expected to be preferred.