Tender Details
Description / Scope of Work
Pakistan Reinsurance Company Limited (PAKRE), operating under the Ministry of Commerce, invites prequalification applications from international reinsurance brokers for establishment of an Open Framework Agreement. The procurement, identified as FFW9589, seeks to prequalify suppliers for subsequent invitation to bid and framework agreement execution. The framework agreement will facilitate on-demand supply of pre-qualification services for international reinsurance brokers to PRCL through call-off contracts during the agreement period of 36 months. The procurement is funded from Non-ADP sources and is being conducted through a single-stage, one-envelope international bidding process. The prequalification notice is published to enable potential applicants to assess their eligibility and decide on participation in this framework procurement.
The prequalification process is open to all international applicants subject to fulfilling specified eligibility and qualification criteria detailed in the prequalification documents. Interested applicants must meet defined standards for operating as international reinsurance brokers and demonstrate requisite experience and credentials in the reinsurance brokerage sector. Applicants are required to submit comprehensive documentation supporting their eligibility, technical capacity, and financial standing. Bid security and other financial guarantees may be required as per the framework agreement terms and conditions.
Complete prequalification documents are accessible through EPADS v2.0 at https://epads.gov.pk/opportunities/federal/procurements/9589. Invitations to bid are expected to be issued to prequalified applicants on Tuesday, September 22, 2026, and the Open Framework Agreement is anticipated to be signed on Friday, October 30, 2026. Interested applicants should contact Pakistan Reinsurance Company Limited through EPADS v2.0 during office hours. The Procurement Specialist contact is available at +92-300-699-8576 or aghafoor@pakre.org.pk. The office is located at PRC Tower, 32-A, Lalazar Drive, M.T. Khan Road, Civil Line, Karachi South, Sindh.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
PAKRE seeks international reinsurance broker prequalification for a 36-month framework agreement enabling on-demand call-off contracts.
This is a strategic supplier panel establishment rather than single-transaction procurement—successful prequalification opens recurring revenue potential but requires demonstrable international broker credentials and capacity. The 2026-10-14 deadline is distant, suggesting detailed due diligence is expected. Notable: single-stage international bidding reduces negotiation scope; framework structure means initial prequalification gates future work access but doesn't guarantee contract volumes.
Who can bid: Open to international reinsurance brokers meeting specified sector experience and credentialing standards. Typically requires SECP registration (if operating in Pakistan), NTN, proof of international broker licensing/authorization in home jurisdiction, and financial standing documentation. Specific PEC category appears not applicable (non-construction insurance procurement). Exact eligibility criteria in prequalification documents at EPADS v2.0.