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Punjab Provincial Cooperative Bank Ltd. (PPCBL), one of the oldest financial institutions in the country, established in 1924 and recognized as a scheduled bank by the State Bank of Pakistan (SBP) since 1955, invites expressions of interest from reputed consultancy firms. The Bank operates through a wide network of 151 branches across Punjab and is now embarking on a significant journey — transitioning from conventional banking to full-fledged Islamic Banking.

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Scope of Work

We are seeking a highly competent consultancy firm with proven experience in guiding financial institutions through Islamic Banking transformation. The selected firm will work closely with PPCBL’s management to:

• Provide strategic advisory for the entire conversion process

• Ensure alignment with SBP's Islamic Banking regulations

• Support development of Islamic products, processes, and compliance structure

• Involve certified Shariah scholars to ensure Shariah-compliance at every stage

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Eligibility Criteria

Interested firms must meet the following requirements:

• Minimum 10 years of operational experience in consultancy, especially within the banking and financial sector

• Recognized by relevant regulatory authorities such as ICAP, SECP, or any other relevant financial regulatory body

• A strong portfolio of at least three completed projects related to Islamic Banking conversions or establishment

• Possess accreditations/certifications from globally or locally recognized financial or Islamic banking institutions

• Must have on board a certified Shariah Advisor with a minimum of 5 years’ experience in Islamic Finance

• A multidisciplinary team including experts in Shariah, Risk Management, Compliance, IT, and Product Development

• Not blacklisted or involved in any ongoing litigation

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Required Documents

Applicants must submit the following documents:

• Certificate of Registration

• Company Profile including number of employees and relevant experts

• List of branches/locations

• Financial statements or latest audited accounts

• Valid NTN/STN tax registrations

• Portfolio of relevant projects completed in the last 2 years (minimum 15 assignments)

• Specific Islamic Banking transformation projects executed

• Accreditations and certifications held

• Client list demonstrating general industry experience

• Profile and credentials of the certified Shariah Advisor

• Consultant profiles and total number of consultants

• Affidavit confirming the firm is not blacklisted or under litigation

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Proposal Submission Guidelines

• Submit Technical and Financial Proposals in separate sealed envelopes, clearly labeled as such

• The Technical Proposal must include methodology and estimated project completion timeline

• All submissions must be addressed to:

  Head of Compliance Division
  The Punjab Provincial Cooperative Bank Ltd.
  Head Office, 5-Bank Square, The Mall, Lahore

• Deadline: Submit by June 25, 2025, at 10:00 AM

• Bid Opening: June 25, 2025, at 10:30 AM at PPCBL Head Office, in the presence of bidders or their representatives

Note:

• Late or incomplete submissions will not be considered

• All costs for preparing and submitting proposals are to be borne by the applicants

• Quoted prices must be inclusive of all applicable taxes

• PPCBL reserves the right to accept or reject any bid without providing a reason

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Contact for Further Information

For clarifications or queries, please contact:

Head of Compliance Division
Phone: 042-99211432-36 (Ext. 249 & 225)

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