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The Pakistan Virtual Assets Regulatory Authority (PVARA) has officially initiated the next phase of digital asset oversight. The authority has invited proposals from eligible consultancy firms to help operationalise and implement Pakistan’s Virtual Assets Regulatory Framework.
According to the official Request for Proposals (RFP) issued on January 24, 2026, this assignment aims to build a comprehensive regulatory structure. Consequently, the selected consultancy will assist PVARA in establishing oversight mechanisms for this rapidly evolving sector.
PVARA: The Procurement Process
PVARA designated this tender as Proposal No. 01/2026. The authority will conduct the process under the Single Stage One Envelope Procedure. This follows National Competitive Bidding standards and applicable public procurement rules.
The opportunity is open to both national and international consultants. However, firms must reside in countries listed under the eligible countries section of the bidding documents. Furthermore, consultants can only submit one proposal in their own name, though sub-consultants are permitted within specific limits.
Submission Deadline & Requirements
Time is running short for interested parties. The deadline for proposal submission is February 9, 2026, at 11:30 AM. PVARA will open the proposals on the same day at 12:00 PM via the EPADS system.
To participate, bidders must register on the Electronic Pakistan Acquisition and Disposal System (EPADS). Proposals must be submitted electronically at www.eprocure.gov.pk.
While the primary submission is digital, there is a physical requirement. A hard copy of the Proposal Securing Declaration must be submitted as part of the technical proposal. PVARA advises bidders to upload files well before the deadline to avoid technical issues.
Key Compliance Details
Bidders can download the full RFP documents from the PPRA website, the EPADS portal, or the Cabinet Division’s official website.
The application package requires a single envelope containing both the technical and financial proposals. The technical section must include:
- Standard forms.
- Proposal Securing Declaration.
- Documentary evidence (NTN and Sales Tax registration certificates).
PVARA emphasises strict adherence to Pakistan’s procurement regulatory framework. Specifically, they highlighted provisions regarding corrupt and fraudulent practices under Rule 2(1)(j) of the Public Procurement Rules. Consultants must examine the RFP carefully, as material deficiencies will lead to rejection.
