Investment of Rs. 13,426 Million of IESCO Employees Pension Fund Trust in Term Deposit Receipt (TDR) and T-Bills

Islamabad Electric Supply Company Ltd (IESCO) is inviting offers from banks for investment of Rs. 13,426 million of its Employees Pension Fund Trust in Term Deposit Receipt (TDR) and Treasury Bills (T-Bills). The tender is issued by the Management Investment Committee of IESCO, located in Islamabad. The investment will be made through E-Pads Version 1.0, and only banks with a minimum Short-Term Rating of A1+ and Long-Term Rating of AAA as per the State Bank of Pakistan's latest credit rating are eligible to participate. Items being procured: - Investment in Term Deposit Receipt (TDR) with 1 Year maturity - Investment in Treasury Bills (T-Bills) with 1 Year maturity The scope includes submission of two hard copies of offer letters in separate envelopes for TDR and T-Bills, along with online bidding on E-Pads. The investment will not exceed 20% of the pension fund in a single bank, amounting to a maximum of Rs. 2,685 million per bank. The validity of profit rates should be at least 7 days from 12-08-2026, extendable on request. The bidding documents will be opened on 12-08-2026 at 11:00 AM in the Committee Room of IESCO Headquarters, Sector G-7/4 Islamabad. Eligible banks must provide letters indicating their current short and long-term ratings issued by the State Bank of Pakistan. The Management Investment Committee reserves the right to cancel the bidding process as per PPRA Rules 33(1). In case of holidays or strikes, the proposal opening will be postponed to the next working day at the same time and venue. Bidders should ensure timely registration on E-Pads to participate and submit their bids within the stipulated time. Earnest Money or CDR requirements are not explicitly mentioned but adherence to PPRA rules and submission guidelines is mandatory. The tender is a unique opportunity for banks to invest pension funds securely with IESCO, a major power distribution company serving over 4.1 million consumers from River Indus to River Neelum (AJ&K). A practical tip for bidders: Ensure your bank's credit ratings are up to date and clearly documented as per SBP standards before submitting your bid. Also, register early on the E-Pads platform to avoid last-minute technical issues.