Investment of Endowment Fund in Term Deposit Receipts by Gilgit Baltistan Rural Support Programme

The Gilgit Baltistan Rural Support Programme (GBRSP) invites sealed proposals from all Scheduled and Microfinance Banks, including KCBL, that possess a minimum credit rating of 'A' by a recognized Rating Agency, for the investment of Endowment Funds amounting to Rs. 675 million in the form of Term Deposit Receipts (TDRs). Items being procured: - Investment of Endowment Funds amounting to Rs. 675 million - One Year Investment on a Monthly Profit basis Interested banks are requested to download the terms and conditions from GBRSP's official website (www.gbrsp.org.pk) and submit their proposals to the GBRSP Head Office located near Forest Complex, Jutial, Gilgit before the deadline of October 05, 2026, by 11:00 AM. Late submissions will not be entertained. The proposals will be opened on the same day at 11:30 AM in the presence of bidders. GBRSP reserves the right to accept or reject any or all quotations as per Rule 33 of the PPRA Rules. This investment opportunity requires banks to have a minimum credit rating of 'A' and to comply with all terms and conditions as specified by GBRSP. The scope involves secure placement of funds in TDRs with monthly profit returns. Bidders should ensure their proposals are complete and submitted timely to avoid disqualification. A practical tip for bidders is to carefully review the terms and conditions available on the GBRSP website and ensure all required documentation, including proof of credit rating and registration, is included with the proposal to avoid rejection on technical grounds.