AUCTION: BankIslami Used Vehicles (Corolla, Cultus, WagonR, Suzuki, Honda) Sale 2026

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. BankIslami Pakistan Limited is conducting an open auction for the sale of used vehicles from its fleet. The auction is open to all interested buyers who wish to acquire these vehicles on an as-is-where-is basis. The vehicles are located in Karachi and Lahore, and the auction will be held as per the schedule provided below. Items being auctioned: - Toyota Corolla (2016, Karachi, Registration: Not specified) - Suzuki Cultus VXR (2019, Karachi, Registration: Not specified) - Suzuki WagonR VXL (2022, Karachi, Registration: Not specified) - Suzuki Cultus VXR (2025, Karachi, Registration: Not specified) - Suzuki Mehran (2019, Karachi, Registration: Not specified) - Honda City (2019, Lahore, Registration: Not specified) - Suzuki Cultus VXR (2022, Lahore, Registration: Not specified) All vehicles will be available for inspection from 10 August 2026 to 13 August 2026, between 9:00 AM and 5:00 PM at the respective BankIslami branches. Interested bidders must bring their original CNIC for entry and registration. The auction will be conducted on a competitive bidding basis, and the highest bidder for each vehicle will be awarded the sale, subject to meeting the reserve price if any. A non-refundable token fee of PKR 10,000 per vehicle is required to participate in the auction. Successful bidders must deposit 10 percent of the bid amount as earnest money on the spot, with the balance payable within 20 days of the auction. Vehicles will be handed over only after full payment and completion of transfer formalities. All applicable taxes and transfer charges will be borne by the successful bidder. Tip: Arrive early for vehicle inspection to thoroughly check the condition and documents, as all sales are final and vehicles are sold as-is.