Public Auction of Scrap and Machinery including Cranes by PPCBL

The Punjab Provincial Cooperative Bank Limited invites sealed offers for the auction of a commercial shop in Green Market, Sahiwal, Tehsil and District Sahiwal. The property measures 3 marlas and 1 sarsai and carries property record numbers 4676 and 4746. The reserve price is Rs. 27,057,000. The property will be sold on an as-is, where-is basis.

The auction is scheduled for Friday, 6 November 2026, at 2:30 PM at the bank's office in Sahiwal. Participants must submit a sealed offer accompanied by a pay order for 10% of their offered amount, payable to The Punjab Provincial Cooperative Bank Limited. Sealed offers may be submitted up to one hour before the scheduled auction time. Bidders or their authorized representatives may attend the auction, and offers will be opened in the presence of participants on the same day. Participants must bring their original national identity cards and copies.

The successful bidder must deposit one-quarter of the accepted bid amount, including the initial security deposit, within 15 days of approval. Failure to make this payment will result in forfeiture of the security. The remaining three-quarters must be paid within three months of approval. Failure to pay the balance within this period will result in forfeiture of the one-quarter payment already deposited. Security deposits of unsuccessful participants will be returned immediately.

The purchaser will bear government duties, taxes, registration charges, transfer expenses and other applicable charges associated with the transaction. The bank will not be responsible for these payments. Possession of the property will be handed over after the successful purchaser has paid the full amount.

Interested participants may inspect the property between 9:00 AM and 5:00 PM. Further information about the property and auction conditions may be obtained from the bank's Sahiwal office by calling 040-9200238 or 0303-4280032.

Acceptance of the auction is subject to approval by the bank's competent authority, which may cancel the auction without assigning a reason. The bank may amend the auction conditions before or during the proceedings. Any objections concerning the property or auction proceedings must be submitted in writing at least seven days before the auction to the bank's Litigation and Assets Management Division at its head office, 4 Shahrah-e-Quaid-e-Azam, Lahore. Objections submitted after the stipulated period will not be accepted.

If the auction cannot take place because the auction officer is unavailable, it will instead be held under the same conditions on Thursday, 12 November 2026, at 11:30 AM at the same bank office.