Commodity Operation Financing for Wheat Quarter July to September 2026

Pakistan Agricultural Storage and Services Corporation Limited (PASSCO) Finance Wing based in Lahore is inviting bids for Commodity Operation Financing of wheat for the quarter July to September 2026. This financing opportunity involves borrowing up to a maximum of **PKR 533 billion** from commercial banks regulated by the State Bank of Pakistan. The loan is intended to regularize outstanding and fresh commodity financing for wheat stocks under PASSCO's operations. The technical scope includes commodity financing secured by hypothecation of wheat stocks and receivables, backed by the Federal Government guarantee. Bidders must quote markup rates as Three Month KIBOR plus a fixed spread. The loan tenure is strictly for the quarter July to September 2026, with repayment at the end of the period. No collateral other than wheat stock hypothecation and government guarantee is accepted. Bids must comply with PASSCO's prescribed bidding format available on PPRA's EPAD System and PASSCO's website. Eligible bidders include all commercial banks, conventional and Islamic, regulated by the State Bank of Pakistan. Compliance with the bidding format is mandatory to avoid rejection. Bidders should be registered with FBR and have relevant experience in commodity financing. The pre-bid meeting is scheduled for 29th June 2026 at 11:00 AM at PASSCO Head Office, 11 Kashmir Road, Lahore. The deadline for bid submission is 2nd July 2026 at 11:00 AM, with bid opening at 11:30 AM the same day. A practical tip for bidders is to ensure strict adherence to the prescribed bidding format and timely submission through the EPAD System to avoid disqualification. Also, prepare the Earnest Money or CDR as per PPRA rules and keep all documentation ready for technical and financial bid evaluation. This tender offers a significant opportunity for banks to participate in a large-scale commodity financing project with government backing and clear terms. Bidders should carefully review all terms and conditions, including the non-acceptance of conditional or slab markup rates, and the consequences of backing out after bid submission, which may lead to blacklisting by PASSCO.