Engagement of External Auditors for Vetting Severance Package of Utility Stores Corporation Employees

Utility Stores Corporation of Pakistan (Private) Limited in Islamabad invites qualified Chartered Accountancy firms to submit sealed proposals for the engagement of External Auditors. The auditors will be responsible for vetting the severance package including terminal dues for USC employees following the Government of Pakistan's decision to close down the corporation. This tender falls under the consultancy category and requires firms registered in Category-A of the State Bank of Pakistan's auditors list with a satisfactory QCR rating by ICAP. The scope involves detailed financial vetting of severance packages, ensuring compliance with relevant regulations and accuracy in terminal dues calculations. The assignment demands thorough understanding of audit standards and the ability to handle sensitive financial data. The work will be conducted remotely with submissions and openings managed electronically via the E-PADS portal. The technical and financial proposals must be submitted in separate sealed envelopes as per the single stage one envelope procedure. Applicants should ensure they meet the PEC Category-A requirements and maintain a valid FBR Active Taxpayer List (ATL) status for the fiscal year 2025-26. Firms must provide complete documentation and comply with all terms and conditions outlined in the bidding documents. Non-compliance or incomplete submissions will be considered non-responsive. The submission deadline is set for 11:00 am on 16th January 2026, with the opening of bids scheduled at 11:30 am the same day via E-PADS. The physical address for correspondence is General Manager (HR & Admin), Utility Stores Corporation of Pakistan (Pvt) Ltd, Plot No. 39, F-7, Jinnah Avenue, Blue Area, Islamabad. Pro-Tip: Make sure to carefully review the newspaper advertisement for specific stamp duty and earnest money requirements, as these are often overlooked and can lead to disqualification.