Public Auction of Hino Bus Model 2002 by Government College Women University Faisalabad

The Directorate of Purchase and Store, Government College Women University Faisalabad, invites participation in the public auction of one used Hino bus, model 2002. The reserve price is Rs. 1,550,000, and the earnest money required for the bus is Rs. 75,000.

The auction will take place on 22 October 2026 at 11:30 AM at the old campus of Government College Women University Faisalabad. The bus may be inspected during office hours up to 21 October 2026. Prospective bidders must attend the auction with their original national identity cards and submit copies of their identity cards for participation.

Each participant must deposit the earnest money in the form of a call deposit receipt from a registered bank, issued in favour of the Treasurer, Government College Women University Faisalabad. Earnest money deposited by unsuccessful bidders will be refundable. A separate participation fee of Rs. 2,000 must also be deposited in the university treasury through a call deposit receipt in the purchaser's name. This participation fee is non-refundable.

The bus will be sold to the highest bidder, subject to approval by the committee. The successful bidder must pay income tax in accordance with the applicable government laws. The successful bidder must deposit 25 percent of the auction amount on the same day and pay the remaining 75 percent within seven days. Possession of the bus will be handed over after the entire auction amount has been deposited. If the remaining amount is not paid within seven days, the deposited amount will be forfeited.

Employees of Government College Women University Faisalabad and their relatives are not eligible to participate in the auction. The committee reserves the right to reject the auction bid without assigning a reason.

For contact, the notice names Dr. Shakeel Imran, Convener of the Auction Committee and Registrar, Government College Women University Faisalabad. The contact telephone number is 041-9220651.