Public Auction of Vehicles by Punjab Small and Medium Enterprises Corporation

Punjab Small Industries Corporation is offering commercial and industrial plots at Small Industrial Estate, Lahore Road, Sargodha, through a public auction. The auction will take place on 23 October 2026 at 11:00 AM at the estate's rest house. The plots will be auctioned on an as-is, where-is basis.

The commercial property is plot M-2, measuring 18.6 marla, with an initial bidding rate of Rs. 2,000,000 per marla. The industrial properties comprise four plots numbered D-74, D-75, D-76 and D-77, each measuring 11.58 marla; one plot numbered D-73, measuring 13.75 marla; and one plot numbered D-18-A, measuring 13 marla. The initial bidding rate for each of these industrial plots is Rs. 1,045,000 per marla. These rates apply per marla rather than to the complete plot.

Information concerning the auction and the plots can be obtained from the corporation's website, www.psic.gop.pk, or from the concerned office during working hours. Participation is subject to the auction's earnest-money requirements. Only participants who have deposited the required earnest money may take part in bidding.

The payment conditions include a one-quarter payment, inclusive of earnest money. Successful bidders must comply with the payment requirements following confirmation of the auction, including the stipulated three-month period. Failure to make the required payment can result in forfeiture of the earnest money. Applicable registration charges and other expenses are payable by the successful bidder.

The auction committee retains authority over acceptance of bids, subject to approval by the competent authority. The auction is governed by the corporation's auction and small industrial estate policies of 2023.

If the auction cannot be held on 23 October 2026, it will be held on 11 November 2026 under the same conditions. Further information can be obtained from the Regional Office Sargodha during office hours by calling 048-9230102.