Public Auction of Shop No.3 (1 Marla) by PPCBL

The Punjab Provincial Cooperative Bank Limited, Head Office Lahore, invites participation in the public auction of a commercial shop in Karim Market, Sahiwal. The property measures 3 marlas and 1 sarsai and is identified by Khewat No. 4676 and Khatooni No. 4746. The reserve price is Rs. 27,057,000. The property will be sold on an as-is, where-is basis.

The auction will take place on 6 November 2026 at 2:30 p.m. at The Punjab Provincial Cooperative Bank Limited, Tehsil Road Branch, Sahiwal. Participants must bring their original computerized national identity cards and other necessary documents. Before participating, each bidder must deposit 10% of their offered amount as earnest money through a call deposit with the bank. Only bidders who deposit the required security may participate. Prospective purchasers may inspect the property during office hours from 9:00 a.m. to 5:00 p.m.

The successful bidder must deposit one-quarter of the total sale price within 15 days after approval by the competent authority. Failure to make this payment will result in forfeiture of the earnest money. The remaining three-quarters must be deposited within three months of approval. Failure to pay the balance will result in forfeiture of the one-quarter payment. The successful bidder will bear stamp duty, registration charges, taxes and other expenses associated with the sale and transfer. Any such expenses paid by the bank will be recoverable from the purchaser. The deposits of unsuccessful bidders may be collected without deduction after the auction.

Acceptance of the highest bid is subject to approval by the bank's competent authority. The bank reserves the right to reject a bid without assigning a reason. Participants intending to purchase the property must provide an affidavit confirming that they hold an NTN and are tax filers. The property will not be sold to a non-filer.

Any objection concerning the property or auction process must be submitted within seven days of the announcement to the Assistant Registrar's office at The Punjab Provincial Cooperative Bank Limited, 4 Davis Road, Lahore. Objections submitted after that period will not be accepted. If the auction cannot take place on the scheduled date for any reason, it will be held on 12 November 2026 at 11:30 a.m. at the same bank premises.

For property inspection and further information, contact the Manager, The Punjab Provincial Cooperative Bank Limited, Tehsil Road Branch, Sahiwal, at 040-9200238 or 0303-4280032.