Auction of Eight Honda Civic Vehicles by The Bank of Punjab Transport Department

The Bank of Punjab Transport Department invites sealed bids on plain paper for the sale of eight Honda Civic vehicles on an “as is, where is” basis. The vehicles are: BSJ-491, model 2020; BSL-306, model 2020; AMT-669, model 2022; AER-461, model 2021; AFZ-048, model 2021; AFZ-399, model 2021; ADL-698, model 2021; and AJX-646, model 2022. The reserve price will be displayed on each vehicle at the site.

Each bid must include a photocopy of the bidder’s CNIC and a security deposit equal to 10% of the total bid amount, in the form of a U.C. Call Deposit in the name of The Bank of Punjab. A separate bid envelope must be submitted for each vehicle, with the vehicle registration number clearly marked on the envelope so that the correct bid is opened on the auction day.

Bids must be dropped in the box on the first floor by 2:45 PM on 12 November 2026. Late bids will not be accepted. Bids will be opened on the same day at 3:00 PM. The office is located at The Bank of Punjab, first floor, Head Office BOP Tower, 10-B, Block E/II, Main Boulevard Gulberg III, Lahore. After opening the bids for an individual vehicle, the bank may, at its discretion, offer all bidders the option of open bidding. The bank reserves the right to reject any or all bids without assigning a reason.

Successful bidders must also pay withholding tax for each vehicle at 10% for filers and 20% for non-filers, in accordance with prevailing laws. Vehicles will be transferred into the name of the successful bidder or nominee after full payment. Unsuccessful bidders’ security deposits will be returned after four working days of the auction.

Successful bidders who participate in the open auction cannot withdraw their bids. Withdrawal will result in forfeiture of bid security and cancellation of the bid. Vehicle handover is subject to approval by the competent authority. The balance amount and applicable withholding tax must be deposited within seven working days of intimation to the successful bidder; failure to pay will result in forfeiture of the security deposit and cancellation of the bid.

Vehicles may be inspected at 15-Race Course, China Chowk, Lahore, on working days, Monday to Friday, from 9:00 AM to 4:00 PM. For further details, contact Mr. Khurram Shams, Transport Manager, on 0333-4500696 or 042-35774013. Customers may file complaints through SBP’s Sunwai service at www.sunwai.sbp.org.pk.