Actuarial Valuation of Pension Liabilities of NTC Employees

The National Telecommunication Corporation (NTC) Islamabad is procuring actuarial valuation services for pension liabilities of its employees and pensioners. This tender specifically covers the actuarial valuation of pension liabilities for 1,759 regular employees and 1,438 pensioners under the General Provident Fund (GPF) facility as of June 30, 2026. The scope includes determining pension liabilities, forecasting pension contributions, commutation, cash flow for the next five years, and future investment analysis as per Government of Pakistan Finance Division guidelines. The technical scope requires qualified firms with at least ten years of relevant experience and a minimum of two qualified actuaries on staff or retainership. Firms must be registered with Pakistan tax authorities and provide an undertaking on judicial paper confirming no blacklisting or foreign ownership links with India or Israel. Bidders must submit a complete technical and financial bid including earnest money (tender security) of PKR 20,000 in the form of pay order or bank guarantee valid for 120 days. The bid preparation follows a single stage-single envelope procedure with all documents uploaded electronically on EPADS. The tender closing date is **July 1, 2026 at 11:00 AM**, with bid opening at 11:30 AM the same day at NTC Headquarters, Sector G-5/2 Islamabad. Bidders should ensure timely submission of original bid security to avoid disqualification. The contract duration is eight weeks from signing with liquidated damages applicable for delays. Payment will be made after acceptance certificate issuance by the project director. A practical tip for bidders is to carefully review all tender clauses and submit all required documents including commercial compliance statements and valid bid security to avoid being declared non-responsive. Early clarifications can be sought via EPADS platform or directly from NTC procurement officers. This tender offers a valuable opportunity for actuarial firms to engage with a reputable government entity and contribute to pension liability management for a large employee base.