Utility Stores Corporation Pakistan Jobs A Guide for Chartered Accountant Firms
Utility Stores Corporation Pakistan Jobs (USC) invites Expressions of Interest (EOI) from Category-A Chartered Accountant firms for its annual external audit. Apply via EPADS by July 14, 2025.
The Utility Stores Corporation of Pakistan (Private) Limited (USC), a major public sector retail chain, has issued an Expression of Interest (EOI) for hiring the services of a Chartered Accountant Firm to conduct its annual external audit. This is a significant opportunity for leading audit firms to secure a prestigious public sector audit engagement.
Organization & Project Overview: A High-Profile Audit Mandate
The Utility Stores Corporation (USC) is a key entity under the Ministry of Industries & Production, playing a crucial role in providing essential consumer goods at subsidized prices across Pakistan. The annual audit of such a large, nationwide retail operation is a complex and high-profile assignment. The selected firm will be responsible for auditing the accounts for the financial year July 2023 to June 2024. The appointment will be for one year, with a possible extension for the next financial year.
The Opportunity for CA Firms
This EOI represents a valuable opportunity for top-tier Chartered Accountant firms to add a major public sector enterprise to their client portfolio. The selection process will be conducted under the Public Procurement Regulatory Authority (PPRA) framework, emphasizing transparency and fair competition.
Eligibility Criteria for Bidding Firms
To be eligible for this audit engagement, the Chartered Accountant firm must meet the following strict criteria:
- Firm Type: Must be a Chartered Accountant Firm within the meaning of the Chartered Accountants Ordinance, 1961.
- SBP Category: Must be enlisted in Category-A of the panel of auditors maintained by the State Bank of Pakistan (SBP).
- ICAP Rating: Must have a satisfactory QCR (Quality Control Review) rating from the Institute of Chartered Accountants of Pakistan (ICAP).
How to Submit Your Proposal: The Mandatory EPADS Process
The bidding process is exclusively electronic through the PPRA’s e-procurement system.
- Register on EPADS: Your firm must be registered on the E-PADS system to participate. If not registered, visit http://eprocure.gov.pk.
- Obtain Bidding Documents: Download the electronic proposals/bidding documents, which contain the detailed terms & conditions, scope of work, and instructions, from the E-PADS portal.
- Prepare Your Proposal: Your proposal must consist of separate Technical and Financial Proposals. Ensure all information is complete and provided in English, along with all supporting documents.
- Submit via EPADS: Submit your complete electronic proposal through the E-PADS system.
- Deadline: The last time for submission is 11:00 AM on July 14, 2025.
Proposal Opening
- Proposals will be opened through E-PADS on the same day (July 14, 2025) at 11:30 AM.
- Proposals received after the due date and time will not be accepted.
An Audit Partner’s Insight
Winning a major public sector audit like Utility Stores requires more than just meeting the ‘Category A’ criteria. Your technical proposal needs to clearly demonstrate your firm’s capacity to handle a large, geographically dispersed audit. Highlight your team’s experience with retail and public sector clients, your audit methodology, and your firm’s technological capabilities. The ‘Least Cost Selection’ method means your financial bid must be highly competitive, but you only get to that stage if your technical proposal is compliant and strong.
Selection Method & Important Instructions
- Selection Method: USC will use the “Least Cost Selection method” under a “single stage-one envelope procedure” as per Public Procurement Rules, 2004.
- Pricing: Bidders must provide their best and final prices, inclusive of all applicable taxes.
- Award: The contract will be awarded to the lowest evaluated complying bidder.
- Completeness: Any lapse in providing essential information will render the applicant non-responsive.
Contact Information
- General Manager (Accounts)
- Utility Stores Corporation of Pakistan (Pvt) Ltd
- Address: USCP Plaza, 20-E, 2nd Floor, G-9 Markaz, Islamabad
- Phone: 051-9262924, 9261623
This is a premier audit engagement opportunity for leading CA firms in Pakistan. Ensure your firm is registered on EPADS and your proposal is comprehensive and competitively priced.
