Investment in Term Deposit Receipt (TDR) and T-Bills by Islamabad Electric Supply Company Employees Pension Fund Trust

Islamabad Electric Supply Company (IESCO) invites proposals from eligible banks for investment of Rs. 13,426 million of the IESCO Employees Pension Fund Trust in Term Deposit Receipt (TDR) and Treasury Bills (T-Bills). This tender is issued by the Management Investment Committee of IESCO headquartered in Islamabad. The procurement involves financial services related to investment management rather than physical goods or construction. Items being procured: - Investment in Term Deposit Receipt (TDR) with 1 year maturity - Investment in Treasury Bills (T-Bills) with 1 year maturity The bidding documents will be available on E-pads Version 1.0 platform. Participating banks must be public or private sector banks including Islamic banks that meet the minimum credit rating criteria of Short-Term Rating A1+ and Long-Term Rating AAA as per the latest State Bank of Pakistan credit rating. Banks are required to submit two separate hard copies of offer letters: one for TDR and one for T-Bills, both with 1 year maturity. The investment process and bid submission will be conducted online via E-pads 1.0, with physical submission of offer letters at IESCO Headquarter, Committee Room, Street 40, Sector G-7/4 Islamabad. Eligibility criteria include valid credit ratings issued by the State Bank of Pakistan, and compliance with all terms and conditions stated in the tender notice. The fund base is PKR 13,426 million, with a maximum investment limit of 20% per bank, equating to PKR 2,685 million. Bidders must ensure timely registration on the E-pads platform and attend the bid opening session punctually. The validity of profit rates must be at least 7 days from the bid opening date, extendable upon IESCO’s request. The bid opening is scheduled for 2026-08-03 at 11:00 AM. The Committee Room will close 30 minutes after the given time for entrance and attendance marking. In case of holidays or strikes, the opening will be deferred to the next working day at the same time and venue. The Management Investment Committee reserves the right to cancel the bidding process under PPRA Rules 33(1). A practical tip for bidders: Ensure your bank’s credit rating documents are up-to-date and readily available for submission, and complete your E-pads registration well in advance to avoid last-minute technical issues.