AUCTION: BAIC BJ40 Vehicle Sale by MCB Islamic Bank Ltd Islamabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. MCB Islamic Bank Ltd invites sealed bids for the sale of a vehicle on an "as is where is" basis in Islamabad. The vehicle offered is a BAIC BJ40, white color, model year 2022. Interested bidders can inspect the vehicle at Plot 239, Street 8, Sector I-9/3, Islamabad, between 10:00 AM and 5:00 PM from Thursday 20th August 2026 until Sunday 23rd August 2026. Items being auctioned: - BAIC BJ40 vehicle, White, Model 2022 Bidders must submit sealed bids accompanied by a deposit of 10% of the bid amount in the form of a pay order payable to MCB Islamic Bank Ltd. The bidding period closes on Sunday 23rd August 2026. Successful bidders will be contacted by the bank on Wednesday 26th August 2026. The bank reserves the right to reject or decline any or all bids without assigning any reason. Applicable tax rates are 10% for filers and 20% for non-filers on the winning bid. This auction provides a straightforward opportunity to acquire a relatively new vehicle through a transparent bidding process. Bidders should ensure their pay orders are correctly prepared and submitted on time to avoid disqualification. Inspecting the vehicle in person during the specified dates is highly recommended to assess its condition before bidding.