Invitation for Investment in IESCO Employees Pension Fund Trust and Consumer Security Account in Term Deposit Receipt (TDR) and T-Bills

Islamabad Electric Supply Company (IESCO) invites proposals from banks for investment of Rs. 10,741 million from the IESCO Employees Pension Fund Trust and Rs. 9,746 million from the IESCO Consumer Security Account in Term Deposit Receipt (TDR) and Treasury Bills (T-Bills). This invitation is open to public and private sector banks including Islamic banks that meet the minimum credit rating criteria of A1+ (short-term) and AAA (long-term) as per the State Bank of Pakistan ratings. Items being procured: - Lot No 1: IESCO Consumer Security Deposit Rs. 2,436 million and Plan Assets of Retirement Benefits Rs. 2,685 million - Lot No 2: IESCO Consumer Security Deposit Rs. 2,436 million and Plan Assets of Retirement Benefits Rs. 2,685 million - Lot No 3: IESCO Consumer Security Deposit Rs. 2,436 million and Plan Assets of Retirement Benefits Rs. 2,685 million - Lot No 4: IESCO Consumer Security Deposit Rs. 2,438 million and Plan Assets of Retirement Benefits Rs. 2,686 million Bids must be submitted/uploaded as a single bid for each lot separately on E-pads version 1.0 before 30-09-2026. Bidding documents will be opened online on 30-09-2026 at 11:00 AM in the Committee Room of IESCO Headquarters, Street 40, Sector G-7/4 Islamabad. Hard copies of bids for term deposit and T-bills with 1 year maturity must be submitted in sealed envelopes. Banks must provide a letter indicating their current short-term and long-term ratings issued by the State Bank of Pakistan. IESCO will not invest more than 20% of the Employees Pension Fund Trust in a single bank. The validity of profit rates should be at least 15 days from 30-09-2026 and can be extended on request. In case of early withdrawal or encashment, no penalty or charges will be levied and profit will be paid for the actual investment period. The Management Investment Committee of IESCO reserves the right to cancel the bidding process according to PPRA Rules 33(1). In case of holidays or strikes on the proposal opening date, the opening will be held on the next working day at the same time and place. Bidders are advised to ensure timely registration on E-pads version 1.0 and to submit bids well before the deadline to avoid last-minute issues. Attention to detail in fulfilling rating and submission requirements will improve chances of successful participation.