Hiring of Financial Advisor for the Privatisation of Pakistan Reinsurance Company Limited (PRCL)

The Privatisation Commission of Pakistan invites qualified firms to submit Technical and Financial Proposals for hiring a Financial Advisor for the privatisation of Pakistan Reinsurance Company Limited (PRCL). This addendum announces the second extension of the submission deadline to November 4, 2026, at 3:00 p.m. (PST) to encourage a more competitive bidding process. Items being procured: - Financial advisory services for the privatisation of Pakistan Reinsurance Company Limited (PRCL). The scope includes providing expert financial advisory support throughout the privatisation process, including valuation, transaction structuring, and bid evaluation. The advisor will work closely with the Commission to ensure a transparent and efficient privatisation. Eligible bidders should have relevant experience in financial advisory for privatisation projects, be registered with FBR and ATL, and comply with all regulatory requirements. Earnest Money or Bid Security details are not specified in this notice. The revised submission deadline is strictly November 4, 2026, at 3:00 p.m. Proposals should be submitted to the Privatisation Commission office in Islamabad. Interested bidders are advised to carefully review all requirements and ensure timely submission. A practical tip for bidders: Ensure your financial proposal is clear and competitive, and your technical proposal highlights your relevant privatisation advisory experience to stand out in this competitive process.