Auction of Furniture and Fixed Assets by Utility Stores Corporation of Pakistan

Utility Stores Corporation of Pakistan (Pvt) Ltd is conducting an auction for various types of furniture and fixed assets located in Lahore. The auction is organized by the Utility Stores Corporation and will be held through the EPADS 2.0 platform from 20-05-2026 to 04-06-2026 at 11:00 AM. The items are offered on an 'As it is, where it is' basis, allowing bidders to inspect the condition of the furniture and fixtures before placing their bids. Participants must be Pakistani nationals with a valid CNIC issued by NADRA, NTN, and GST registration. Companies may participate through authorized representatives. Each bidder is required to submit earnest money in the form of a Demand Draft or Pay Order as security deposit before the auction closing time. Additionally, bidders must provide a certificate on stamp paper confirming they are not defaulters of any government department or government employees. The auction process is transparent and competitive, with the highest bid winning the item. All government taxes are included in the reserve price. Successful bidders must deposit 100% of the quoted amount before collecting the items from designated locations. The earnest money will be refunded to all except the highest bidder after awarding the auction. The submission of earnest money CDR must be made at the Zonal Office, Utility Stores Corporation of Pakistan, Scheme More Multan Road, Lahore. Bidders are advised to visit the site to verify the condition of the assets to avoid any disputes. Queries regarding auction items should be submitted at least three days before the auction date. A practical tip for bidders is to carefully review the terms and conditions on EPADS 2.0 and ensure timely submission of earnest money to avoid disqualification. This auction offers a valuable opportunity for suppliers and dealers interested in acquiring quality furniture and fixed assets at competitive prices under the supervision of a reputable government corporation.