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Establishment and Operations of Currency Exchange Branch at Allama Iqbal International Airport Lahore
Expired Tender
Closing Date:
2026-02-10
2026-02-10
Tender Overview
- Category
- Financial & Insurance Services
- Sector
- Services
- Tender Type
- Services
- Procurement Method
- Single stage, two envelopes
- Submission Method
- Sealed envelope
- Estimated Cost
- PKR 2,050,000
- Source Name
- PPRA
Location & Dates
Contact & Websites
- Contact Person
- Sr. Dy. Director Commercial
- Contact Phone
- 042-99240650
- Website
- www.paa.gov.pk
- Original Source
- www.paa.gov.pk
Actions
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Tender Description
This tender invites qualified firms to establish and operate a currency exchange branch at Allama Iqbal International Airport Lahore under the Pakistan Airports Authority. The concession covers the concourse hall and international arrivals lounge, with a license period of five years or until the airport's operational changes require otherwise. The department seeks bidders with strong financial backgrounds and relevant experience, emphasizing an 80% weightage on technical evaluation to ensure quality and reliability.
The project involves setting up a fully functional currency exchange booth within the airport premises, requiring compliance with airport security and operational standards. The site's location in Lahore demands attention to passenger flow and service efficiency, ensuring smooth currency transactions for travelers. The concession includes a 10% annual price enhancement on a cumulative basis, reflecting the dynamic nature of airport commercial operations.
Bidders should ensure they meet PEC category requirements and maintain a valid FBR Active Taxpayer List (ATL) status for the financial year 2025-26. Advance Income Tax will be deducted under section 236-A of the Income Tax Ordinance, 2001. It is advisable to clear any outstanding dues with PAA before the financial bid opening to avoid disqualification. Tenderers must submit a Call Deposit Receipt (CDR) as Earnest Money, and any fraudulent documents will lead to blacklisting and forfeiture.
The submission deadline is on the 10th of February 2026, with technical bids opening at 11:30 a.m. The sealed envelopes must be dropped in the designated box at the Airport Manager/COO office at AIIAP Lahore. Tender documents are available upon payment of Rs. 5,000 and submission of CNIC and NTN certificates at the Sr. Dy. Director Commercial office.
Pro-Tip: Carefully review the tender advertisement for specific stamp duty and Earnest Money requirements, as these are commonly overlooked and can lead to disqualification. Ensure all documents are authentic and complete to avoid blacklisting and forfeiture of deposits.
