The letter requests Askari Bank Ltd. to issue a one-year performance bond for PKR 933,000 in favor of M/s. Sui Northern Gas Pipelines Ltd. against 100% cash margin from Target Engineering Enterprise's PKR account No.01901000037069 from July 1, 2016 to June 30, 2018 to guarantee work performance. The letter asks the bank to retain/debit the full bond amount from the specified account.
The letter requests Askari Bank Ltd. to issue a one-year performance bond for PKR 933,000 in favor of M/s. Sui Northern Gas Pipelines Ltd. against 100% cash margin from Target Engineering Enterprise's PKR account No.01901000037069 from July 1, 2016 to June 30, 2018 to guarantee work performance. The letter asks the bank to retain/debit the full bond amount from the specified account.
The letter requests Askari Bank Ltd. to issue a one-year performance bond for PKR 933,000 in favor of M/s. Sui Northern Gas Pipelines Ltd. against 100% cash margin from Target Engineering Enterprise's PKR account No.01901000037069 from July 1, 2016 to June 30, 2018 to guarantee work performance. The letter asks the bank to retain/debit the full bond amount from the specified account.
2016 The Manger, Askari Bank Ltd., Shahrah-e-Fisal Branch, Karachi.
Sub: Request for Issuance of Performance Bond In Favor of M/s. Sui
Northern Gas Pipelines Ltd for PKR 933,000/= Dear Sir, With reference to the above subject, kindly issue performance bond in favor of M/s. Sui Northern Gas Pipelines Ltd against 100% cash margin for period from 01-07-2016 to 30-06-2018 i.e. one (1) year (Three Hundred & Sixty Five Days), and retain/debit our PKR account No.01901000037069 for the performance bond amount of Rs.933,000/=. Thanking you & looking forward for your co-operation and timely response.