Karachi IT Park Heads for Third Tender After Two Failed Attempts

For context, the Ministry of Information Technology and Telecommunication has decided to have the bidding documents for the Karachi IT Park independently reviewed before launching a third tender to hire a Korean contractor.

Key points

• After the review, the Project Review Committee and Korea's Exim Bank are projected to approve the re-tendering process by November 15, 2026.
• While the contract is planned to be signed by March 25, 2027, korea's Exim Bank is projected to problem its no-objection letter in March.
• Under the revised plan, the draft Request for Proposal will undergo independent review by October 25, 2026.
• After signing the contract, the Korean contractor is projected to submit a bank guarantee, receive an advance payment, and complete its mobilisation by June 25, 2027.
• The Karachi IT Park was approved at a total cost of $186.658 million.

Meanwhile, the decision comes after the first two attempts to hire a contractor failed since no businesses submitted bids.

In practice, the Project Review and Steering Committee has directed an independent Construction Contracts Consultant to review all the bidding documents before the third tender is confirmed. Major Karachi Road to Obtain Beautification Upgrade. New Timeline for Third Tender.

After the review, the Project Review Committee and Korea's Exim Bank are projected to approve the re-tendering process by November 15, 2026. The third tender is planned to be advertised on November 15, with firms allowed to submit bids until January 4, 2027. Karachi's Historic Bazaar Undergoes Major Restoration. How the Third Tender Will Be Evaluated.

Meanwhile, the third tender will employ open competitive bidding among eligible Korean businesses.

Meanwhile, the firms will be evaluated according to the criteria set out in the bidding documents. The process will first involve an evaluation of technical proposals by the Project Technical Committee.

This will be followed by an evaluation of the financial proposals. The results will then be reviewed by the Project Steering and Review Committee before receiving final approval from Korea's Exim Bank. Contract Projected by March 2027.

Notably, the project schedule calls for contract negotiations to take place in February 2027.

In practice, the Karachi IT Park was approved at a total cost of $186.658 million. The project includes a $158.416 million loan from Korea's Economic Development Cooperation Fund (EDCF) and $28.24 million in funding from Pakistan's Public Sector Development Programme (PSDP). Stay Connected with ProPakistani.

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Taken together, the developments around karachi IT Park Heads for Third Tender After Two Failed Attempts point to a situation that is still moving, and the coming days should bring more clarity.