FD says Ferguson sole technically qualified tax advisor

ISLAMABAD: The Finance Division has declared A.F. Ferguson & Co. the sole eligible and technically qualified firm for providing tax advisory services, declaring three other leading chartered accountancy firms ineligible in a procurement process that attracted four bidders.

According to the evaluation report issued under Rule 35 of the Public Procurement Rules, 2004, Taseer Hadi& Co., BDO Ebrahim& Co. and Yousuf Adil, Chartered Accountants, were declared ineligible by the majority of the Procurement Committee members.

The procurement, initiated through an advertisement published on September 30, 2026, relates to the appointment of tax advisory services by the Finance Division. Four bids were received, with the bidding process conducted under the single-stage, one-envelope procedure and least-cost-based selection criteria.

The evaluation report identifies A.F. Ferguson & Co. as the best-evaluated bidder, with a quoted bid of Rs18.2965 million for the tax advisory services.

The bid opening was held on October 19, 2026, while the evaluation report was prepared on October 27 and published on October 28, 2026.

In a communication dated November 4, 2026, the Finance Division directed the relevant officials to upload the evaluation report on the Public Procurement Regulatory Authority (PPRA) and Finance Ministry websites in compliance with Rule 35 of the Public Procurement Rules, 2004.

Copyright Business Recorder, 2026