Investment of Endowment Fund in Term Deposit Receipt by Gilgit-Baltistan Disaster Management Authority

Gilgit-Baltistan Disaster Management Authority (GBDMA) is inviting financial institutions and banks with PACRA ratings of AA (Long Term), A+ (Short Term), or JCR-VIS ratings of A+ (Medium and Long Term) and A1 (Short Term) to submit their special interest rates for Term Deposit Receipt (TDR) investments. The TDR will be for a one-year period and must be submitted on official letterhead at the DG-GBDMA office in Minawer Gilgit. This procurement is specific to Gilgit city and aims to invest the Authority’s endowment fund securely in banks or financial institutions with branches in Gilgit-Baltistan. The technical scope requires interested banks to provide sealed official letters indicating their offered interest rates on TDRs. The rates submitted will not be subject to change or affected by fluctuations in KIBOR rates. This ensures stability and clarity for the Authority’s investment planning. The submission deadline is strictly by 20th July 2026 during office hours. Eligible bidders must be duly registered financial institutions with the specified PACRA or JCR-VIS ratings and have a physical branch presence in Gilgit-Baltistan. While no PEC category applies, compliance with financial regulatory standards and FBR registration is implied. Experience in managing government or institutional funds will be advantageous. Bidders should note the importance of submitting their rates on official letterhead using the provided proforma before the closing date. This tender does not require a traditional technical or financial bid but a formal expression of interest with clear terms. Earnest Money or CDR requirements are not mentioned but bidders should prepare for standard financial compliance. A practical tip for bidders is to ensure their submitted interest rates are competitive yet realistic, as these will be locked in for one year without adjustment. Early submission during office hours is recommended to avoid last-minute issues. This opportunity is ideal for banks seeking to strengthen their relationship with a key regional authority and demonstrate financial stability.