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

Federal Government Employees Housing Authority Islamabad invites quotations from interested banks for placement of funds amounting to 500 Million PKR and above in scheduled banks located in Islamabad. The banks must have a minimum credit rating of 'A' or above from PACRA/JCR-VIS or equivalent Moody's, Fitch's, and Standard & Poor ratings for foreign banks. Banks with a 'Rating Outlook-Negative' as per the State Bank of Pakistan's official credit rating list are not eligible. Items being procured: - Placement of funds in scheduled banks (branches located in Islamabad) for amounts of 500 Million PKR and above Quotations are invited for investment tenures of 01 Month and 03 Months. The validity of the rates offered will be up to 30th November 2026. All quotations must be submitted in envelopes clearly marked 'QUOTATION BY BANK' and must reach the office of the undersigned by 1100 hours on 23rd November 2026. The bids will be opened at 11:30 hours on the same day in the presence of bank representatives. The relevant Terms of Reference (TORs) are available at the Federal Government Employees Housing Authority and on the PPRA website. Interested bidders should ensure no disfiguring, overwriting, or fudging on their bids as such actions will lead to rejection. Eligibility criteria include having the required credit ratings and compliance with the State Bank of Pakistan's credit rating outlook. The submission address is Plot No: 10, Mauve Area, Sector G-10/4, Islamabad. Contact can be made via phone at 051-9106062 for further information or queries. A practical tip for bidders is to carefully review the TORs available on the official websites and ensure timely submission of bids with all required markings to avoid disqualification.