Tender Details
Description / Scope of Work
The National Insurance Company Limited invites prequalification applications from national securities brokers for establishment of an open framework agreement under reference FFW9571. The procurement concerns prequalification of securities brokers for on-demand supply through subsequent call-off contracts during the framework agreement period of 36 months. The framework agreement is intended to commence on Monday, October 5, 2026, with invitations to bid expected to be issued on Wednesday, September 30, 2026. This is a national-level procurement process managed by the Manager Procurement at the NICL Building, Main Korangi Road, Karachi, Sindh.
The prequalification process is open to all national applicants subject to fulfilling the eligibility requirements specified in the prequalification documents. Interested applicants must possess the necessary registration and regulatory approvals required to operate as securities brokers in Pakistan. The bid security and other specific eligibility criteria are detailed within the complete prequalification documents. Applicants must demonstrate financial stability, operational capability, and compliance with all applicable securities regulations.
Complete prequalification documents are accessible through EPADS v2.0 at https://epads.gov.pk/opportunities/federal/procurements/9571. Interested applicants may obtain further information from National Insurance Company Limited through EPADS v2.0 during office hours. Prequalified applicants will be entitled to participate in subsequent procurement proceedings. Contact the Manager Procurement at +92-333-397-7611 or procurement@nicl.com.pk for queries regarding this prequalification notice.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
This is a framework agreement prequalification for securities brokerage services, representing a significant multi-year engagement with a 36-month term.
The tender is for prequalification only; actual supply contracts will follow through call-off procedures. Only prequalified brokers will be invited to bid. The window between prequalification closure (September 28, 2026) and invitations to bid (September 30, 2026) is extremely tight, suggesting rapid evaluation. This is a recurring/framework engagement rather than a one-off procurement.
Who can bid: Applicants must be national securities brokers registered with the Securities and Exchange Commission of Pakistan (SECP) and licensed to operate as brokers. Typically, brokers must hold active SECP registration, maintain minimum capital requirements, and comply with KYC/AML regulations. Specific financial and operational thresholds are stated in the prequalification documents.