Banking Services for Placement of Funds of 500 Million and Above by Federal Government Employees Housing Authority

Federal Government Employees Housing Authority invites banks to offer their best rates for placement of funds of 500 million and above. The placement is restricted to scheduled banks with branches located in Islamabad. Quotations are invited for investment periods of one month and three months.

Interested banks located in Islamabad must have a minimum credit rating of A or above from PACRA/JCR-VIS. Foreign banks must have the requisite ratings from Moody’s, Fitch and Standard & Poor’s. Interested banks must not have a negative rating outlook in the list of bank credit ratings available on the official website of the State Bank of Pakistan.

Quotation envelopes must be clearly marked “QUOTATION BY BANK” and reach the office of the Director (Finance), Federal Government Employees Housing Authority, by 11:00 on 23 November 2026. The office is in Room No. 50 on the first floor, Plot No. 10, Mauve Area, Sector G-10/4, Islamabad.

Quotations will be opened at 11:30 on 23 November 2026 in the presence of bank representatives. Banks should quote rates for the requested one-month and three-month investment periods. The quoted rates must remain valid up to 30 November 2026.

Disfiguring, overwriting or fudging will result in rejection of the bid. Banks should ensure that their quotation envelopes carry the required marking and arrive at the designated office by the submission deadline.

The relevant terms of reference are available on the Federal Government Employees Housing Authority and PPRA websites. For further information or queries, contact the Director (Finance), Federal Government Employees Housing Authority, at 051-9106062.