Commodity Operation Financing for Wheat (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 is PKR 494 billion. Bidders must comply with the prescribed bidding format available on PPRA's EPAD System and PASSCO's website (www.passco.gov.pk). The financing is for commodity operation loans for wheat with borrowing locked for 3 months from October to December 2026, with possible extension for the next quarter. Items being procured: - Commodity Operation Financing for wheat for the quarter October to December 2026 The loan will be in the nature of Commodity Financing with borrowing spread locked for 3 months. Bidding criteria require quoting a three-month KIBOR plus fixed spread. Bids will be ranked from lowest to highest spread against benchmark KIBOR rate. No conditional markup or slab markup rates will be accepted. Collateral/security includes hypothecation of wheat stock and receivables plus Guarantee of Federal Government. Cash Credit Financing is subject to Federal Government approval and may be adjusted without claim. PASSCO may withdraw or repay the loan in installments during the borrowing period. Markup will be computed on the basis of the lowest applied rate and outstanding amount during repayment. The three-month KIBOR as of 30.09.2026 will be used. Eligibility includes all commercial banks regulated by State Bank of Pakistan. Compliance with bidding format is mandatory. Bids received manually or after deadline will not be considered. PASSCO reserves the right to accept or reject any or all offers under PPRA rules. No bank commission will be paid for disbursement services. A pre-bid meeting will be held at 11:00 AM on 24 September 2026 at PASSCO Head Office, 11 Kashmir Road, Lahore. Bids must be submitted through E-Pak Acquisition & Disposal System (EPADS) by 11:00 AM on 29 September 2026. Bids will be opened at 11:30 AM the same day in presence of bidders or authorized representatives. Sealed envelopes with prescribed bid proforma may also be submitted at bid submission time. Bidders are advised to carefully follow the prescribed bidding format and ensure timely submission through EPADS to avoid disqualification. This financing opportunity is significant for banks interested in commodity financing with government backing and requires strict adherence to terms and conditions outlined by PASSCO.