AUCTION: Sale of Used FAW Van Model 2016 by Askari Shoe Project Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Askari Shoe Project, a project of Army Welfare Trust, Lahore, is offering for auction one used FAW Van, Model 2016. The auction will be held on 11 August 2026 from 11:00 AM to 12:00 PM at the project premises in Lahore. Interested parties may inspect the vehicle prior to the auction and participate by submitting their bids in a sealed envelope on the day of the auction. The reserve price for the van is set at PKR 100,000, and only those who deposit the earnest money through bank draft or pay order in the name of Askari Shoe Project will be eligible to participate. Items being auctioned: - FAW Van, Model 2016 (used, 1 unit), Reserve Price: PKR 100,000 The auction process will be conducted transparently, and all bids must be submitted in writing. The successful bidder will be required to deposit 25 percent of the bid amount immediately after the auction, with the remaining balance to be paid upon completion of the documentation. The management reserves the right to reject any or all bids without assigning any reason. Only the highest bidder, meeting all requirements, will be awarded the vehicle. All interested buyers are encouraged to bring valid identification and ensure their earnest money is ready in the prescribed form. Bidders should note that the auction will be held at Plot No. 41, Kot Lakhpat Industrial Estate, Lahore. For further details, contact the numbers provided below. A practical tip: Arrive early to inspect the vehicle thoroughly and clarify any queries with the auction officials before submitting your bid, as no claims will be entertained after the auction concludes.