Tenders Closed 26 Sep 2006
PASSCO Invitation for Commodity Financing Offers for Wheat (Oct–Dec 2006)
PASSCO Invitation for Commodity Financing Offers for Wheat (Oct–Dec 2006) · Lahore · The News International,
Tender advertisement published in The News International on Sunday, 13 September 2026, listed under Lahore, Pakistan. Issued by PASSCO Invitation for Commodity Financing Offers for Wheat (Oct–Dec 2006). The last date printed on the advertisement was Tuesday, 26 September 2006 and has passed.
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Pakistan Agricultural Storage & Services Corporation Limited (PASSCO) — Finance Wing invites offers from eligible banks for commodity-operation financing for wheat along with markup/price (spread) for the quarter October–December 2006.
| Issuer | Pakistan Agricultural Storage & Services Corporation Limited (PASSCO), Finance Wing |
|---|---|
| Purpose | Short-term commodity financing facility for wheat (Commodity Operations Financing) |
| Maximum Loan Amount | PKR 494.0 (as stated) |
| Eligible Bidders | All commercial banks, including conventional and Islamic banks, regulated by the State Bank of Pakistan; participation by single banks or syndicates is allowed as per PASSCO conditions |
| Pricing / Bidding Requirement | Banks to quote a spread over Three (03) Month KIBOR (i.e., "3M KIBOR + fixed spread" % p.a.). Lowest accepted spread(s) will determine selection; terms include provisions for previously accepted facilities and treatment of partly settled facilities. |
| Security / Collateral | Hypothecation of wheat stock & receivables and Government of Pakistan guarantee as applicable; PASSCO may accept additional security and withhold payment of disbursement service charges, as detailed in the bid documents. |
| Profit / Mark-up | Markup computed on the basis of the lowest accepted rate and applied to withdrawals; detailed computation rules provided in bidding documents. |
| Submission Method | Electronic submission via PASSCO’s e-PAK/PPRA e-Procurement System and/or physical submission as specified; bidding documents available on PASSCO website and PPRA e-Procurement portal. |
| Bid Document & Information | Available from PASSCO and through PPRA e-Procurement (www.ppra.org.pk / www.passco.gov.pk). Detailed terms & conditions and bidding formats must be followed. |
| Contact / Address | General Manager (F&A), PASSCO Head Office, 11 Kashmir Road, Lahore |
| Submission Deadline | 2006-09-26 (bids to be received by 11:00 AM on Tuesday, 26 Sep 2006; opening follows as per PASSCO schedule) |
Prospective bidders should review the full bidding documents and PASSCO’s published terms and conditions before submission. PASSCO reserves the right to accept or reject any or all bids as per applicable procurement rules.
Published in The News International on Sunday, 13 September 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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