Obtaining Commodity Operations Financing

TRADING CORPORATION OF PAKISTAN
(PVT) LIMITED
MINISTRY OF COMMERCE
GOVERNMENT OF PAKISTAN
TCP(Finance/COF/Poly/12 2014
March 10, 2026
INVITATION OF OFFERS FOR OBTAINING COMMODITY
OPERATIONS FINANCING FOR SUGAR, WHEAT, UREA, COTTON, &
RICE (OUTSTANDING/FRESH) ALONGWITH MARKUP RATES AND
OPENING OF LC FOR THE QUARTER APRIL-JUNE, 2026
Trading Corporation of Pakistan (Private) Limited, Karachi, is a state-
owned commercial organization working under the administrative
control of the Ministry of Commerce, Government of Pakistan. TCP
has been conducting its Commodities Operation through a Cash
Credit Limit duly approved by the Ministry of Finance, Government of
Pakistan, which is subsequently allocated commodity-wise and bank-
wise by the State Bank of Pakistan. The banks provide financing
against Guarantee(s) provided by the Government of Pakistan.
2. TCP invites Bids through the e-Pak Acquisition & Disposal System
(EPADS) https:epads gov pk on a “Single-Stage Single-
Envelope procedure basis from banks to provide financing
against Guarantee(s) provided by the Government of Pakistan. The
complete tendering process shall be carried out through EPADS
3. Interested banks should register themselves on the EPADS
before the closing date at https://vendors.epads.gov.pk/
register and submit their Bids addressed to Finance & Accounts
Division, FTC Building, Block-B, 4 & 5 Floor, TCP, Karachi
4. For registration and guidance/training on EPADS, banks may contact
EPADS UAN: 051-111-137-237 or PPRA at www.ppra.org.pk
5. Bids are invited for the lowest markup under COF for Sugar,
Wheat, Urea, Cotton and Rice for the quarter April-June, 2026
with the following conditions:-
L
All the banks under the licensing of the State Bank of Pakistan
/SECP are eligible to participate
Participation in this tender by way of consortium or joint
venture shall not be allowed.
The tender amount for COF is Rs.389.700 Billion for Sugar,
Wheat, Urea, Cotton and Rice. In case an additional COF
requirement arises during the quarter April-June, 2026, TCP
has the right to obtain enhancement and additional limits!
financing (funded non-funded) from participating banks for the
Quarter from April-June, 2026 against quoted / lowered rates
iv. Three (3) months KIBOR as of 31 March, 2026/last working
day of the previous quarter shall be used.
If the April-June, 2026 COF facility is fully settled any time after
30 June, 2026, the accepted pricing of April-June, 2026 or
pricing of July-September, 2026, whichever is lower shall be
applicable. However, for Islamic banks, Shariah principles, as
agreed in the respective agreements, will be followed.
After acceptance of the quarterly term sheet and issuance
of SBP allocation, the successful disbursing banks
(Conventional, Non-Conventional/Islamic) must settle the
amount requested by TCP through letter/advice not later
than the next working day. In case of delay beyond the next
working day, the difference of payment of financial cost!
markup, if any, shall be borne by the disbursing banks.
Conditional markup rates and slab markup rates will not
be accepted. Banks should quote only one rate. TCP will
only accept the discounted/lowest quoted rate (if two rates
are quoted by the bank), and the same shall be paid without
considering the claim other than discounted rates.
viii. If any bank backs out from its given bid, it may liable to be
black listed as per procedure notified by TCP and no bid will
be accepted in future.
The amount of Commodity Operations Financing is subject to
the approval of the Federal Government and may be reduced
without any claim of bidder.
x TCP shall not bore any commitment, advisory, arrangement.
legal or any other fees or government stamp duty and taxes
(Federal and Provincial), SECP registration fee or any type of
banks fee/charges expenses/costeta. Under whatever name!
nature in connection with financing facility provided by banks
* The closing date for submission is 30 March, 2026 by 1100
hours. The bids shall be opened on the same day at 1130
hours in the presence of participants who wish to be present
in the Board Room of TCP, FTC Building, Block-B, 4″ Floor,
Shahrah-e-Faisal, Karachi.
xi. As per PPRA Rule 33, TCP may reject any / all bids or
proposals at any time prior to the acceptance of a bid or
proposal in accordance with Public Procurement Rules, 2004
and E-Pak Procurement Regulations, 2023
xi. The bank terms sheet shall be in line with the terms and
conditions of this tender notice. In case of any contradiction!
conflict between terms and conditions mentioned in the
TCP tender notice and banks/institutions terms sheet
financing agreement, terms mentioned in the TCP tender
notice shall prevail.
xiv Submitted bids shall be valid up to 30” June, 2026
xv. Any instrument/document/information found to be fake or got
dishonoured at any stage would result in blacklisting and legal
action as per law.
6. Bids are also invited for LC commission which should not be
more than @0.01% (exclusive of tax) on opened established LC
amount. In case, no LC commission is mentioned in the tender
submission, rate of commission will be treated/consideredⒸ
0.01% (exclusive of tax) on opened/established LC amount.
7. Banks participating in CDF tender shall sign and stamp this
Tender Notice as unconditional acceptance of the terms
and conditions of this Tender Notice, and the same shall be
submitted with the bid.
8. Participating bank under tender shall also provide list and
official contact details of senior officers dealing with TCP as per
following format
Contact
Sr.
Officer Designation Landin
No.
Cell!
WhatsApp Address
Mailing
9. This Notice is also available on the official website TCP’s as
well as PPRA’s ie. top.gov.pk & ppra.org.pk.
Muhammad Ali
Chief Financial Officer
PID K 2977/25