AUCTION: Market Committee Fee Collection Rights for Market Committee Sarai Mir and Market Committee Narang Mandi 2026-27

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Market Committee Narang Mandi is conducting a public auction for the rights to collect market fees for the financial year 2026-27. The auction covers both Market Committee Sarai Mir and Market Committee Narang Mandi. Interested parties are invited to participate in this open auction process, which will be held at the office of the Market Committee Narang Mandi. The auction is scheduled for 09.09.2026 at 11:00 AM. Items being auctioned: - Collection rights for market fee at Market Committee Sarai Mir (Reserve price: Rs. 4,500,000, Earnest Money: Rs. 450,000) - Collection rights for market fee at Market Committee Narang Mandi (Reserve price: Rs. 2,000,000, Earnest Money: Rs. 200,000) - Collection rights for market fee at Market Committee Narang Mandi (Reserve price: Rs. 4,000,000, Earnest Money: Rs. 400,000) Each lot has a specified reserve price and earnest money requirement. Bidders must deposit the earnest money in the form of a pay order or CDR in favor of the Secretary, Market Committee Narang Mandi, before participating in the auction. The successful bidder will be required to pay the full amount as per the auction terms and conditions. Eligibility criteria include submission of valid CNIC, proof of tax registration, and compliance with all rules set by the Market Committee. The auction will be conducted in the presence of the committee, and the highest bid above the reserve price will be considered for award. Bidders are advised to arrive early and ensure all documents and earnest money are ready before the auction time. A practical tip: review the previous year's collection data and visit the market sites in advance to better estimate the potential value and competition for each lot. For further details, contact the Secretary at the numbers provided below. Submission deadline for earnest money and documents is 10.09.2026. The auction will be held at the Market Committee Narang Mandi office.