Establishment of Bolan Insurance Company Limited under Public-Private Partnership

The Finance Department, Government of Balochistan is procuring services for the establishment of Bolan Insurance Company Limited, a general (non-life) insurance company under the Public-Private Partnership mode. This project is based in Quetta and follows the Swiss Challenge procedure under the Balochistan Public-Private Partnership Act 2025. The procurement involves submission of a single bid comprising a technical proposal and a financial proposal, along with multiple hard copies and a soft copy on USBs. The scope includes partnership with an SECP-licensed general insurance company and requires official consents and authorizations for joint ventures. Eligible bidders must be registered firms or companies under Pakistani law, with valid NTN certificates and tax returns for the last three years, as well as a valid sales tax certificate. The bidder or consortium must have an average annual turnover and net worth of at least PKR 1,000,000,000 over the last three years, supported by audited financial statements. Bidders must not have conflicts of interest, blacklisting, or significant litigation issues. A bid security of PKR 40,000,000 is required in the form of a bank guarantee or deposit. The deadline for bid submission is fifteen days from the publication date, by 11:00 A.M. PST, with technical proposals opening at 11:15 A.M. PST on the same day. Bidders should submit their documents to the Finance Department, Room 20, Ground Floor, Block 5, Balochistan Civil Secretariat, Quetta. Contact details include phone 081-9201162 and email faridullshahshah@gmail.com. The Request for Proposal and Draft Concession Agreement can be obtained upon submission of a completed registration form. A practical tip for bidders is to ensure all JV partner consents and corporate authorizations are properly documented and included, as incomplete partnership documentation can lead to disqualification. Also, carefully prepare the bid security as per instructions to avoid rejection. This tender offers a significant opportunity for firms with strong financial capacity and insurance sector experience to participate in a landmark PPP project in Balochistan.