RFP-185 Hiring of a Consulting Firm for Development of a Detailed Business Plan & Strategy for Raast Payments Pakistan (Pvt.) Limited (RPP)

REQUEST FOR PROPOSALS

Country: Pakistan

Title of RFP: Hiring of a Consulting Firm for Development of a Detailed Business Plan & Strategy for Raast Payments Pakistan (Pvt.) Limited (RPP)

RFP Number: 185

Issuance date of RFP: 14th May, 2026

Last date for Queries: 21st May, 2026

Response to Queries: 22nd May, 2026

Closing date of RFP: 5th June, 2026

Address RFP response to: Procurement Department

E-mail Address: procurement@karandaaz.com.pk

SECTION 1. LETTER OF INVITATION

RFP No. 185

14th May 2026, Islamabad

1. The purpose of this Request for Proposal (the “RFP”) is to solicit proposals from interested bidders for providing “Hiring of a Consulting Firm for Development of a Detailed Business Plan & Strategy for Raast Payments Pakistan (Pvt.) Limited (RPP)” The RFP is designed to assess whether bidders are able to provide the goods and services required (hereinafter jointly and severally referred to as the “Services”), and through a competitive and fair assessment, select a winning bidder for the Services for a long-term contract.

2. Karandaaz Pakistan invites sealed proposals from interested and eligible bidders. Further details on the Services required are provided in the Terms of Reference (Section 4 of RFP).3. The bidder will be selected, in accordance with the Procurement Policies and Procedures of

Karandaaz Pakistan (the “KRN Policy and Procedures”). In the event of any conflict or inconsistency in terms and conditions of the RFP and the KRN Policy and Procedures, the KRN Policy and Procedures shall prevail.

4. Karandaaz Pakistan anticipates issuing a Fixed Price Contract.

5. An award will be made based on the Quality and Cost based selection.

6. This RFP is only an invitation to the prospective Bidders to submit their proposal. It primarily contains indicative terms for the Bidders to submit their proposals and does not confer any rights to the Bidders. Any information contained in the RFP or provided to the Bidders is on the terms and conditions set out in this RFP. Karandaaz is providing this RFP without any warranty or representation, express or implied, as to its content, its accuracy or completeness and may at its absolute discretion, but without being under any obligation to do so, update, amend or supplement the information of this RFP. Each Bidder shall be responsible for conducting its own investigation and analysis and should check the accuracy, reliability and completeness of this RFP and where necessary obtain independent advice. In case of conflict between the provisions of this RFP and Addendum(s) to the RFP, the provisions of this RFP shall prevail unless stated otherwise. In case of any conflict between the provisions of this RFP, the decision of the Purchaser shall be final regarding the overriding effect of the respective provision.

7. Both technical and financial proposals must be submitted in a hard copy and electronically through email with subject: “Hiring of a Consulting Firm for Development of a Detailed Business Plan & Strategy for Raast Payments Pakistan (Pvt.) Limited (RPP)” on or before 5thJune, 2026. Bidders must prepare one hard copy of the technical proposal and one hard copy of the financial proposal, and submit them in separate sealed envelopes to the attention of ‘The Procurement Department’ 1-E, Ali Plaza, D Chowk, Mezzanine Floor, Nazimuddin Road, Blue Area, Islamabad, Pakistan. Bidders MUST also submit electronic copies of technical & financial proposals through email at procurement@karandaaz.com.pk. Bidders must also submit password protected electronic copies of financial proposal. Password for financial proposal will be requested by Karandaaz procurement department at the time of financial opening (if needed).

Soft copy of the bids/proposals shall be considered in case of any discrepancy found with hardcopy.

Yours sincerely,

The Procurement Department

Karandaaz Pakistan

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Submission Guidelines

Each set of documents should be submitted separately in sealed envelopes and then included in a larger sealed package. This larger package must be mailed and emailed (soft copies) to the following postal address no later than 5th June, 2026. Following sets shall be submitted:

i) Pre-qualification documents

ii) Technical Proposal

iii) Financial Proposal

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• Office Address: 1 E, Ali Plaza, Nazim ud din Road, D-Chowk, Islamabad, Pakistan • Email: procurement@karandaaz.com.pk

• Envelops should be clearly marked: RFP-185 Hiring of a Consulting Firm for Development of a Detailed Business Plan & Strategy for Raast Payments Pakistan (Pvt.) Limited (RPP)