AUCTION: Lease Rights of Shop No. 34-C, Block III, 50 Quarters, Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Evacuee Trust Property Board is conducting an open auction for the lease rights of Shop No. 34-C, Block III, 50 Quarters, Karachi. This auction provides an opportunity for interested parties to acquire the lease of a commercial property in a prominent area of Karachi. The auction will be held at the office of the Deputy Administrator, Block III, 50 Quarters, Karachi. Items being auctioned: - Lease rights of Shop No. 34-C, Block III, 50 Quarters, Karachi (annual reserve price: Rs. 2,500,000) The shop is being offered on a lease basis, and the successful bidder will be granted rights as per the terms and conditions set by the department. The property is suitable for commercial use and is located in a busy locality, making it an attractive investment for businesses seeking a prime location in Karachi. Interested bidders must submit a pay order of Rs. 800,000 as earnest money along with a copy of their CNIC. The auction will be conducted in accordance with the rules and regulations of the Evacuee Trust Property Board. Only those who fulfill the eligibility criteria and submit the required documents will be allowed to participate. The highest bid above the reserve price will be considered for award, subject to approval by the competent authority. The last date for submission of documents and participation in the auction is 11 September 2026. The auction will be held on the same day at the designated office. For further details, interested parties are advised to visit the office during working hours. Tip: Ensure your earnest money pay order is prepared in advance and all documents are complete to avoid last-minute disqualification. Arriving early on auction day can also help you clarify any queries directly with the auction committee.