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Description / Scope of Work
The Chief Conservator Forests in Gilgit, Federal Government invites customized financial proposals from scheduled banks registered under the State Bank of Pakistan Act 1956 for the investment of the Forest Working Fund. This procurement seeks structured banking products focused on long-term Term Deposit Receipts and daily profit accounts with a total investment volume of approximately 3,400 million Rupees. Interested banks must maintain a minimum credit rating of AA for TDR investments and a rating of A for daily product accounts to ensure capital preservation and enhanced profitability. The bidding process follows the single stage two envelope method as per the GB Public Procurement Rules 2022. Detailed bidding documents are available upon payment of a non-refundable fee of 20,000 Rupees. The principal amount will be distributed among the three highest rate-offering responsive banks at a ratio of 50 percent, 30 percent, and 20 percent respectively. All technical and financial bids must be submitted to the Forest Complex in Gilgit by 11:30 AM on 13 May 2026."