External Audit Services for Utility Stores Corporation of Pakistan FY 2025-26

Utility Stores Corporation of Pakistan (Private) Limited (USC) Islamabad is procuring external audit services for the Financial Year July 2025 to June 2026. The audit is to be conducted on a non-going concern basis due to closure of USC operations effective 31st August 2025. The scope includes examination of financial statements, verification of assets and liabilities, assessment of management's closure procedures, and issuance of compliance reports under applicable corporate governance rules. The audit will cover the Head Office, Zonal and Regional Offices with focus on closure activities and asset custody. Eligible bidders must be Chartered Accountant firms enlisted in Category-A by the State Bank of Pakistan with a satisfactory QCR rating by ICAP. Firms should have international affiliations, experience auditing FMCG and public sector companies, and maintain an office in Islamabad. Submission of sealed technical and financial proposals is required through the E-PADS portal by 11:00 am on 27-05-2026. Earnest Money of Rs. 500,000 and a tender fee of Rs. 15,000 must accompany the bid. The contract will be awarded on a least cost basis following a single stage one envelope procedure. Bidders are advised to carefully prepare their technical bids including firm profiles, staff qualifications, and compliance documents. Timely submission and adherence to all requirements will ensure responsiveness. A practical tip for bidders is to ensure all documents are complete and properly signed with no overwriting to avoid disqualification. The audit must be completed within six weeks of award. This opportunity is ideal for qualified audit firms seeking a significant engagement with a major public sector entity in Islamabad.