Public Auction by Punjab

Punjab Small Industries Corporation, Regional Office Sargodha, invites bidders to a public auction of commercial and industrial plots at Small Industrial Estate Sargodha. The auction will take place on 23 October 2026 at 11:00 a.m. at the corporation's Regional Office Sargodha.

The plots offered comprise one commercial plot, M-2, measuring 18.6 marlas, with a starting bid of Rs. 2,000,000 per marla; four industrial plots, D-74, D-75, D-76 and D-77, measuring 11.58 marlas each, with a starting bid of Rs. 1,045,000 per marla; one industrial plot, D-73, measuring 13.75 marlas, with a starting bid of Rs. 1,045,000 per marla; and one industrial plot, D-18-A, measuring 13 marlas, with a starting bid of Rs. 1,045,000 per marla.

Participation forms can be obtained from the Regional Office Sargodha or through www.psic.gop.pk. Applicants must complete the prescribed form to participate in the auction. A bidder may participate for more than one plot, but a separate security deposit of Rs. 50,000 is required for each plot. The security must be deposited before the auction begins at 11:00 a.m. Unsuccessful bidders will have their security deposits returned after completion of the auction.

The successful bidder must deposit one-quarter of the auction price on the auction day through a bank draft, pay order or cash, together with the applicable expenses. Failure to make the required payment will result in forfeiture of the security deposit. The remaining payment must be made within three months. Failure to pay within that period will result in forfeiture of the one-quarter payment and security deposit in favour of the corporation.

All government taxes associated with the transaction are the successful bidder's responsibility. Successful bidders must comply with the corporation's applicable 2023 allotment policies. The auction may be cancelled without assigning a reason with the approval of the Managing Director.

If the auction cannot take place on 23 October 2026, it will be held on 29 October 2026 at 11:00 a.m. Further information can be obtained from the Regional Office Sargodha, Punjab Small Industries Corporation, by contacting the Assistant Director on 048-9230102.