Public Auction of Shops by PPCBL

The Punjab Provincial Cooperative Bank Limited, Head Office Lahore, invites bidders to a public auction of a commercial shop measuring 3 marla and 1 sarsai in Green Market, Tehsil and District Sahiwal. The property 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 14:30 at The Punjab Provincial Cooperative Bank Limited, Zonal Office, Sahiwal. Prospective bidders must submit a call deposit receipt equal to 10% of the reserve price in favour of the bank to participate. The successful bidder's deposit will be adjusted against the purchase price, while unsuccessful bidders' deposits will be returned.

Following approval by the competent authority, the successful bidder must deposit one-quarter of the total sale price, including the initial 10% deposit, within 15 days. The remaining three-quarters must be paid within 30 days of approval by the competent authority. Failure to make the required payment will result in forfeiture of the one-quarter deposit.

The successful bidder will bear applicable taxes, municipal charges, stamp duty, registration fees and other government dues. Payment of the full purchase price and applicable charges is required for the transfer of ownership. Interested bidders may inspect the property during office hours from 09:00 to 17:00. The bank reserves the right to reject any bid without assigning a reason. If the auction is rejected, bidders' earnest money will be returned.

The auction is subject to the applicable cooperative society rules and the recovery proceedings relating to the property. If the outstanding amounts are paid before the auction, the auction may be cancelled. The reserve price is based on the forced-sale valuation assessed by an independent valuation firm on the State Bank of Pakistan's approved panel.

Objections to the auction may be submitted in writing within seven days to the Manager, Property Department, at the bank's Head Office in Lahore or its Zonal Office in Sahiwal. The decision of the Registrar Cooperative Societies, Punjab, Lahore, on such objections will be final and binding. If the auction cannot be completed for any reason, it will be held again on 12 November 2026 at 11:30 at the same venue.

For further information, contact the Manager, Property Department, Head Office Lahore, or the Zonal Office Sahiwal at 040-9200238 or 0303-4280032.