RFP Clarification — Hiring Financial Advisor for Privatisation of Pakistan Reinsurance Company Limited (PRCL)
RFP Clarification · Lahore · Jang,
Tender advertisement published in Jang on Friday, 18 September 2026, listed under Lahore, Pakistan.
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The Privatisation Commission, Government of Pakistan, issues a clarification to the Request for Proposal (RFP) for hiring a Financial Advisor for the privatisation of Pakistan Reinsurance Company Limited (PRCL). The RFP is available at: https://privatisation.gov.pk/PRCL.
The clarification revises wording in Appendix A to the RFP (Terms of Reference):
Replace the phrases "up to Seventy-five percent (75%) of its entire shareholding in PRCL" (Section 1, page 38) and "up to Seventy-five percent (75%) of GoP shareholding in PRCL" (Section 3, page 40) with: "up to 51% of GoP's direct shareholding and GoP's 24.41% indirect shareholding in PRCL."
| Issuer | Privatisation Commission, Government of Pakistan |
|---|---|
| Purpose | Hiring of Financial Advisor for privatisation of Pakistan Reinsurance Company Limited (PRCL) |
| RFP Link | https://privatisation.gov.pk/PRCL |
| Clarification | Substitution to specify "up to 51% of GoP's direct shareholding and GoP's 24.41% indirect shareholding in PRCL" |
| Advertised | National and international newspapers dated 28, 29 and 31 August 2026 |
| Contact / Queries | Asif Jalal Bhatti, Advisor (Power-II), Privatisation Commission; Transaction Manager: [email protected]; Tel: +92-51-9217972 |
| Reference / PID | PID (1) 2552/26 |
Published in Jang on Friday, 18 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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