AUCTION: Collection Rights of Bus Stand, General Bus Stand, Adda, and Parking Stand Tax for Financial Year 2026-27 Chiniot

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Municipal Committee Chiniot invites interested parties to participate in the open auction for the collection rights of Bus Stand, General Bus Stand, Adda, and Parking Stand Tax for the financial year 2026-27. The auction will be held at the office of the Municipal Committee Chiniot. This is a significant opportunity for bidders to secure the rights to collect revenue from these key municipal assets in Chiniot. Items being auctioned: - Collection rights for Bus Stand Tax (Financial Year 2026-27) - Collection rights for General Bus Stand Tax (Financial Year 2026-27) - Collection rights for Adda Tax (Financial Year 2026-27) - Collection rights for Parking Stand Tax (Financial Year 2026-27) The reserve price for the auction is set at Rs. 5,000,000. Interested bidders must submit earnest money equivalent to 10% of the reserve price in the form of a CDR or pay order. Only those who deposit the required earnest money will be eligible to participate in the auction. The successful bidder will be required to pay 25% of the bid amount immediately after the auction, with the remaining amount payable as per the terms outlined by the Municipal Committee. Bidders must be registered with FBR and listed on the Active Taxpayers List (ATL). The auction will be conducted in accordance with the relevant SROs and PPRA rules. The deadline for participation is 10 December 2026. The auction will be held at the Municipal Committee office, and all interested parties are advised to arrive on time with the necessary documents and earnest money. A practical tip: Ensure your CDR or pay order is prepared in advance and double-check that your FBR registration is active to avoid last-minute disqualification.