Tender Details
Description / Scope of Work
Islamabad Electric Supply Company Limited (IESCO), a leading power distribution company serving over 4.2 million consumers across Pakistan from River Indus to River Neelum in Azad Jammu and Kashmir, invites sealed bids from eligible banks for investment of PKR 10,741 million from the IESCO Employees Pension Fund Trust and PKR 9,746 million from the IESCO Consumer Security Deposit Account. The total investment opportunity amounts to PKR 20,487 million to be deployed in Term Deposit Receipts (TDR) and Treasury Bills with one-year maturity across four separate lots. Bidding documents will be uploaded on E-Pads Version 1.0, with bids to be submitted before 30 September 2026 and opened on the same date at 11:00 AM at IESCO Headquarters in Sector G-7/4, Islamabad.
Eligible banks must hold a minimum Short-Term Credit Rating of A1+ and Long-Term Rating of AAA as determined by the State Bank of Pakistan and must be registered on the E-Pads V1.0 platform. Participating banks are required to provide evidence of current SBP-issued credit ratings and must restrict any single investment to no more than 20 percent of the respective fund base. Banks must submit hard copies of bids in sealed envelopes and send authorized representatives to attend bid opening. Profit rate validity must extend at least 15 days from the bid opening date and is extendable at IESCO's request.
Bids must be submitted separately for each lot covering both TDR and T-Bills components on the prescribed format. Hard copy submissions in sealed envelopes are mandatory alongside electronic uploads. In the event of government holidays or office closures affecting the scheduled opening date, bids will be opened on the next working day at the same time and venue. IESCO reserves the right under PPRA Rules 33(1) to cancel the bidding process, and the Management Investment Committee's decision regarding final fund deployment between TDR and T-Bills options shall be final.
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 is deploying PKR 20.5 billion across pension and consumer deposits into one-year fixed instruments via four separate lots.
This is a large-scale, single-tranche institutional placement—not recurring procurement. The 20% per-fund concentration cap signals IESCO wants portfolio diversification; tight rating thresholds (A1+/AAA) exclude mid-tier banks. Notably, profit-rate validity extends 15+ days post-opening, suggesting IESCO may delay final drawdown or renegotiate—bidders should price execution risk accordingly. E-Pads mandatory compliance adds administrative friction.
Who can bid: Only SBP-regulated banks with active A1+ short-term and AAA long-term credit ratings qualify; ratings must be current and SBP-issued. Registration on E-Pads V1.0 platform is mandatory. No PEC or construction entity involvement. Non-bank financial institutions appear excluded. Bidders must be authorized to hold and manage trust/security deposits. Typical NTN/SECP compliance implied but not explicitly stated.