Description / Scope of Work
The Gilgit-Baltistan Information Department invites sealed, stamped and signed tenders from scheduled banks operating in Gilgit-Baltistan for investment of Endowment Fund for Media. This tender, referenced as SO-Info-1(59-ADP)/2026 and issued on 4th June 2026, seeks qualified banking institutions to manage and invest the endowment fund designated for media sector development in the region. The tender documents cost Rs. 1,400 and are available from the office of the Deputy Secretary Information Department in Gilgit during regular office hours.
Eligible bidders must be scheduled banks functioning in Gilgit-Baltistan with a sound financial position and bearing an "A" rating or equivalent classification. KCBL GB and A-plus micro finance banks are also accepted. The call deposit requirement is 3 percent of the total bid amount. All public sector and private scheduled banks meeting the requisite qualifications in the bidding process may apply. Conditional or operational bids will be treated as non-responsive and rejected. Bidders shall bear all costs associated with the tender process themselves, and the cost of tender documents must be deposited through treasury challan with a copy attached to the submission.
Tender submissions must reach the address of the Deputy Secretary Information Department GB by 22nd June 2026 at 11:00 AM, with bids opened on the same date at 11:30 AM in the presence of bidders. Bids will be evaluated under GB PPRA Rules 2022 section 39 clause (a) using the single stage two envelope method for competitive bidding. The department reserves the right to reject all bids at any time as per GB PPRA Rules 2022. Interested banks must obtain bidding documents with a written application on bank letterhead duly signed by the competent authority.