INVITATION OF OFFERS FOR INVESTMENT OF FUNDS THROUGH OPEN AUCTION / BIDDING Rs.1780.815 Million

EVACUEE TRUST PROPERTY BOARD
GOVERNMENT OF PAKISTAN
9-COURT STREET LAHORE
INVITATION OF OFFERS FOR INVESTMENT OF FUNDS THROUGH OPEN AUCTION / BIDDING.

Evacuee Trust Property Board, Federal Government Autonomous corporate body working under administrative control of the Ministry of Religious Affairs and Interfaith Harmony, intends to invest its surplus funds in Term Deposit Receipt (TDRs) for period of Six Month or One year in scheduled Banks approved by the State Bank of Pakistan.
The proposed funds to be invested by ETPB are amounting to Rs.1780.815 Million (Rupees One Thousand Seven Hundred Eighty and Eight Hundred Fifteen Thousands Million).
The rating of Banks must be AA in long term as per PACRA Rating.
All investment will be made in accordance with the rules of State Bank of Pakistan and in the light of directions of Finance Division, Government of Pakistan.
The auction/open bidding of interest rates must be offered by the authorized representatives of the Banks before the auction/bidding Committee approved by the competent authority.
The auction / open bidding offer will be started at 11:00 AM on 27.07.2020 (Monday) in the Committee Room, Evacuee Trust Property Board, 9-Court, Street Lahore before the auction/bidding Committee.
The procuring agency may reject all bids / offers prior to the acceptance of a bid / offer.
Further information can be obtained from this office during office hours.

Secretary
Evacuee Trust Property Board
9-Court Street Lahore.
Ph: 042-99211035
Fax: 042-99211033