Placement of Funds in Scheduled Banks by Federal Government Employees Housing Authority Islamabad

The Federal Government Employees Housing Authority Islamabad invites quotations from eligible banks for placement of funds amounting to 500 Million PKR and above in scheduled banks with branches located in Islamabad. Interested banks must have a minimum credit rating of 'A' and above from PACRA/JCR-VIS, while foreign banks should have Moody's, Fitch's, and Standard & Poor's ratings. Banks with a 'Rating Outlook-Negative' as per the State Bank of Pakistan's official credit ratings list are not eligible. All quotations must be submitted in envelopes clearly marked 'QUOTATION BY BANK' and delivered to the office of the Director Finance, Federal Government Employees Housing Authority, Plot No: 10, Mauve Area, Sector G-10/4, Islamabad by 11:00 hours on 30th September 2026. The envelopes will be opened at 11:30 hours on the same day in the presence of bank representatives. Quotations are invited for investment tenures of 01 Month and 03 Months. The validity of the rates offered must extend up to 11th October 2026. Any disfiguring, overwriting, or fudging in the bids will lead to rejection. The relevant terms of reference are also available on the FGE Housing Authority and PPRA websites. Items being procured: - Placement of funds in scheduled banks (branches located in Islamabad) for amounts of 500 Million PKR and above - Investment tenures: 01 Month and 03 Months Banks must meet credit rating requirements and submit bids by the specified deadline. This opportunity is ideal for banks with strong credit ratings and presence in Islamabad. Bidders should ensure their quotations are clear and comply with all stated conditions to avoid disqualification. A practical tip for bidders is to carefully review the credit rating criteria and ensure all documentation is complete and accurate before submission to avoid rejection due to technicalities.