Description / Scope of Work
The Government of Gilgit-Baltistan, through its Information Department, invites sealed, stamped and signed tenders from scheduled banks functioning in Gilgit-Baltistan for the investment of an Endowment Fund for Media. The tender is issued under reference No. SO/Info-1/03-ADP/2026 dated 04th June, 2026. Banks with sound financial positioning bearing an 'A' rating or equivalent from NCGIL, GB and A plus micro finance institutions are eligible to participate. The call deposit amount is 2 percent of the total bid value. The tender aims to generate returns through strategic investment while supporting media development initiatives in the region.
Interested banks must hold a sound financial positioning bearing an 'A' rating or equivalence to qualify for this tender. Conditional or operational bids will be treated as non-responsive and rejected. All public sector and private scheduled banks with requisite qualifications may apply. Bids will be evaluated as per GB PPRA Rules 2022 section 39 clause(a) under a single stage two envelope method for competitive bidding. Bidders shall bear all costs associated with the tender process themselves, and cost of tender copy and bidding documents must be deposited through treasury challan with copies attached to the tender submission.
Bidding documents are available from the office of the Deputy Secretary, Information Department GB Gilgit during office hours upon written application on bank letterhead signed by competent authority. Sealed bids must reach the address of the Deputy Secretary Information Department GB by 22nd June, 2026 at 11:00AM, with opening scheduled for the same date at 11:30AM in the presence of bidders. The department reserves the right to reject all bids at any time as per GB PPRA Rules, 2022.