Placement of Funds in Scheduled Banks Islamabad for 500 Million and Above

The Federal Government Employees Housing Authority Islamabad invites quotations for the placement of funds in scheduled banks with branches located in Islamabad. The total amount for placement is 500 Million PKR and above. This procurement is managed by the Federal Government Employees Housing Authority under the Ministry of Housing & Works, Government of Pakistan. Items being procured: - Placement of funds in scheduled banks (branches located in Islamabad) for 500 Million PKR and above The scope includes inviting best offer rates from interested banks that meet the minimum credit rating requirements. Banks must have a minimum "A" rating or above from PACRA/JCR-VIS, and foreign banks must have requisite Moody’s, Fitch’s, and Standard & Poor’s ratings. Banks with a "Negative" rating as per the list of Credit Ratings of Banks by the State Bank of Pakistan are not eligible. The quotations are invited for investment periods of 01 Month and 03 Months, with the validity of rates up to 25th August 2026. Eligibility criteria require banks to meet the specified credit rating standards. All bids must be submitted in envelopes clearly marked "QUOTATION BY BANK". The bids will be opened at 1100 hours on 30th July 2026 in the presence of bank representatives. Disfiguring, overwriting, or fudging of bids will lead to rejection. The tender is issued by the Federal Government Employees Housing Authority, located at Plot No: 10, Mauve Area, Sector G-10/4, Islamabad. Interested bidders should contact the Director (Finance) at telephone number 051-9106052 for further information. A practical tip for bidders: Ensure your bank’s credit rating documentation is up to date and clearly included in the bid package to avoid disqualification. Timely submission before the 30th July 2026 deadline at 1100 hours is critical to participate in this tender.