Renting Out of Shops in Commercial Zone at Korangi Fisheries Harbour Authority for Banks

Korangi Fisheries Harbour Authority (KoFHA) Karachi invites bids for renting out seven shops in its commercial zone exclusively for banks. The shops, numbered 6 to 12, are located at Chashma Goth, Rehri District Malir Karachi. The tenancy agreement is for an initial period of three years, extendable based on performance, with monthly rent starting at Rs. 1500 per square meter for a total area of 200 square meters. The shops are offered on a competitive bidding basis under the Pakistan Public Procurement Rules 2004 using a Single Stage One Envelope procedure. The scope includes operating commercial bank shops on a rental basis with the tenant responsible for interior furnishing, maintenance, and compliance with KoFHA's terms. The successful bidder must deposit a bid security of PKR 100,000 in the form of a pay order or bank guarantee from a scheduled bank with AAA rating. Performance security equivalent to six months rent is required upon signing the tenancy agreement. Bidders must be registered banks with valid FBR and Sindh Revenue Board tax registrations and must meet mandatory technical criteria including relevant experience, financial soundness, and valid licenses. Bids must be submitted to the office of the Executive Engineer, KoFHA, Chashma Goth, Karachi by 02-06-2026 at 1200 hours. Technical and financial proposals will be opened the same day at 1230 hours in the presence of bidders or their representatives. Interested bidders are advised to visit the site before 26-05-2026 during office hours for due diligence. Partial or incomplete bids will be rejected. The highest and most advantageous bid will be accepted. A practical tip for bidders is to ensure all required documents including technical evaluation forms, financial statements, and tax registrations are complete and properly signed to avoid disqualification. Early submission is recommended to avoid last-minute issues. The bid security must be valid for 90 days and submitted in the prescribed format. This tender offers a valuable opportunity for banks to establish presence in a prime commercial location with clear terms and conditions governed by KoFHA.