Tenders Closed 02 Jul 2026
PASSCO Invitation for Offers — Commodity Financing for Wheat (Jul–Sep 2026) — PKR 533.00 bn
PASSCO Invitation for Offers · Lahore · The News International,
Tender advertisement published in The News International on Wednesday, 17 June 2026, listed under Lahore. Issued by PASSCO Invitation for Offers. The last date printed on the advertisement was Thursday, 2 July 2026 and has passed.
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Pakistan Agricultural Storage and Services Corporation Limited (PASSCO) — Finance Wing — invites offers from eligible banks for Commodity Operation Financing for wheat (outstanding / fresh) for the quarter July–September 2026. PASSCO intends to borrow up to PKR 533.00 billion under this facility; bids will be invited on PPRA's E-PAD system and evaluated for the lowest mark-up (spread) against 3-Month KIBOR.
| Issuer | Pakistan Agricultural Storage and Services Corporation Limited (PASSCO), Finance Wing |
|---|---|
| Purpose | Commodity Operation Financing for wheat (outstanding / fresh) for quarter July–September 2026 |
| Maximum Loan Amount | PKR 533.00 billion |
| Eligible Bidders | All commercial banks including conventional and Islamic banks regulated by State Bank of Pakistan (compliance with PASSCO bidding format mandatory) |
| Borrowing Type | Commodity financing; borrowing spread locked for 3 months (July–Sep 2026) and may be fixed for next quarter subject to willingness of PASSCO and banks |
| Bidding Criterion | Banks to quote Three (03) Month KIBOR + fixed spread (% p.a.). Bids ranked from lowest to highest spread; conditional or slab mark-up bids will not be accepted. |
| Collateral / Security | Hypothecation of wheat stock and receivables and guarantee of the Federal Government. Cash Credit financing amount subject to Federal Government approval and may be adjusted. |
| Drawdown & Repayment | PASSCO may withdraw or repay the loan to any bank in one or more installments at any time during the borrowing period. |
| Bid Validity | Bid validity as per terms (document states validity requirement; bidders must follow PASSCO bidding format) |
| Pre-bid Meeting | 29 June 2026 at 11:00 AM, PASSCO Head Office, 11 Kashmir Road, Lahore |
| Submission Deadline | 2026-07-02, on or before 11:00 AM via PASSCO E-PAD system |
| Bid Opening | 2026-07-02 at 11:30 AM at PASSCO Head Office in presence of bidders or authorized representatives |
| Submission Method | Electronically via PPRA / PASSCO E-PAD system (www.passco.gov.pk and PPRA portal); hard copies as required by the bidding instructions to PASSCO Head Office |
| Address | PASSCO Head Office, 11 Kashmir Road, Lahore |
Important: Bidders must follow the prescribed bidding format on the PASSCO E-PAD system and comply with all terms & conditions listed by PASSCO. PASSCO reserves the right to accept or reject any or all bids as per applicable procurement rules.
Published in The News International on Wednesday, 17 June 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
Questions about this tender
- What is the last date for this tender?
- The advertisement prints Thursday, 2 July 2026. That date has passed.
- Which newspaper published this tender?
- The News International, in the edition of Wednesday, 17 June 2026.
- Which city is this tender for?
- Lahore — the location listed for this advertisement.
- How do I respond to this tender?
- Follow the instructions printed in the clipping; the advertiser’s own page is linked from this one. Applications are not submitted through this page.
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