Auction of MG HS Essence Official Vehicle

Zarai Taraqiati Bank Limited, headquartered in Islamabad, is conducting an open auction for the disposal of an official vehicle, specifically an MG HS Essence manufactured in 2023/2024. The vehicle is located at the ZTBL Head Office in Islamabad. This auction is being held through the PPRA e-Pak Acquisition & Disposal System (EPADS) version 2.0, ensuring a transparent and competitive bidding process. The vehicle is offered on an AS IS WHERE IS basis with a reserve price of PKR 5,800,000. Interested bidders can inspect the vehicle at the ZTBL Head Office on working days from 10:00 AM to 4:00 PM, one day prior to the auction date. Bidders must submit a Pay Order or Bank Draft of PKR 50,000 as Earnest Money in favor of Zarai Taraqiati Bank Limited. Cross cheques are not accepted. Earnest Money must be deposited with the Procurement Department before the deadline. Manual bids will not be accepted; all bids must be submitted online via the EPADS system. The successful bidder is required to deposit PKR 1 million within five days of the auction award and the remaining amount within 15 working days. Failure to comply will result in forfeiture of the Earnest Money. Tax will be charged at 10% for active tax filers and 20% for non-filers. The transfer fee and any other government charges will be borne by the purchaser. This auction is ideal for firms or individuals experienced in vehicle procurement and disposal processes. While no PEC category is required, bidders should be registered with FBR and have a valid ATL status. The bid submission deadline is 22nd June 2026 at 11:00 AM, with bid opening at 11:30 AM on the same day at the ZTBL Head Office, Zero Point, Islamabad. A practical tip for bidders is to ensure timely submission of Earnest Money and registration on the EPADS platform well before the deadline to avoid disqualification. Familiarity with the online bidding system will provide a competitive edge in this auction.