Commodity Operation Financing for Wheat for Quarter Oct-Dec 2026 by Pakistan Agricultural Storage and Services Corporation Limited

Pakistan Agricultural Storage and Services Corporation Limited (PASSCO) invites offers from all commercial banks, including conventional and Islamic banks regulated by the State Bank of Pakistan, for Commodity Operation Financing of wheat for the quarter October to December 2026. The maximum loan amount available is **PKR 494 billion**. Bids are to be submitted through the PPRA's EPAD System by 11:00 AM on 29th September 2026, with bid opening at 11:30 AM the same day at PASSCO Head Office, 11 Kashmir Road, Lahore. Items being procured: - Commodity Operation Financing for wheat (outstanding and fresh) for the quarter Oct-Dec 2026 The financing is in the nature of commodity financing with borrowing spread locked for three months. The loan will be secured by hypothecation of wheat stock and receivables along with the Guarantee of the Federal Government. No other collateral is required. The markup rate will be based on Three Month KIBOR plus a fixed spread quoted by the banks. Bids quoting conditional or slab markup rates will be rejected. The lowest markup rate bid will be accepted. The loan repayment will be at the end of the quarter. Eligibility requires all bidding banks to comply with the prescribed bidding format provided by PASSCO. Non-compliance may lead to rejection. Bidders must be registered with FBR and comply with PPRA rules. A pre-bid meeting will be held at 11:00 AM on 24th September 2026 at PASSCO Head Office. Bids must be submitted electronically via the E-Pak Acquisition & Disposal System (EPADS) or as sealed envelopes at the time of submission. PASSCO reserves the right to accept or reject any or all bids under PPRA rules. No fees or commissions will be paid by PASSCO for this financing. A practical tip for bidders: Ensure strict adherence to the prescribed bidding format and submit bids well before the deadline to avoid disqualification. Also, carefully calculate your fixed spread over the KIBOR to remain competitive while ensuring profitability. This financing opportunity is critical for banks interested in commodity financing with government backing in Lahore, Punjab.