AUCTION: Mortgaged Properties by Bank Alfalah Limited in Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Bank Alfalah Limited is conducting a public auction of mortgaged properties located in Karachi on an 'As Is Where Is' basis without court intervention. The auction is pursuant to Section 15(4) of the Financial Institutions (Recovery of Finances) Ordinance, 2001, read with Rule 3(c) of the Financial Institutions (Recovery of Finances) Rules, 2018. The properties are mortgaged by M/s. Lotus Foods (Pvt.) Ltd. with an outstanding amount of Rs. 422,138,212.33 as of August 31, 2026, plus mark-up and costs. Items being auctioned: - Industrial Plot # D-149/J, 0.25 Acres, SITE Survey Sheet # 14, Survey Sheet # 35-P/1, SITE Area - Plot # 4-B, 1,133 sq. yds., 12th South Street Extension, Phase II, DHA - Office # 306, 105 sq. yds., 3rd Floor, Shaheen Centre, Sub Plot # DC-5/13, Plot # DC-5, Block 7, KDA Scheme # 5, Kehkeshan Clifton - Office # 307, 66 sq. yds., 3rd Floor, Shaheen Centre, Sub Plot # DC-5/12, Plot # DC-5, Block 7, KDA Scheme # 5, Kehkeshan Clifton The auction will commence at 3:00 p.m. on October 15, 2026, Thursday, with bidding starting at 3:30 p.m. at Bank Alfalah Ltd, Clifton Karachi Branch (0031), Plot # BC-6, Block 9, Clifton, Karachi. The reserve prices are Rs. 151,674,000 for Plot D-149/J, Rs. 170,066,555 for Plot 4-B, Rs. 14,032,324 for Office 306, and Rs. 8,841,076 for Office 307. Participants must bring original CNICs with three copies and submit a pay order of Rs. 500,000 as surety in favor of Bank Alfalah Limited. The successful bidder must deposit 25% of the bid amount within two days and the remaining 75% within fifteen days. Failure to deposit will result in forfeiture of the deposit and re-initiation of the auction. The bank reserves the right to participate and purchase the property at 10% above the highest bid. The sale is subject to confirmation by the bank and is on an 'as is where is' basis. For bidders, it is crucial to inspect the properties beforehand and ensure timely submission of bid security to avoid disqualification. Early arrival on auction day is recommended to complete registration formalities smoothly.