AUCTION: Al Baraka Bank Multan Branch Commercial Property Sale

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Al Baraka Bank is inviting bids for the open auction of its commercial property located at Plot No. 162, Block C, New Multan, Multan. This auction presents an opportunity for interested parties to acquire a valuable commercial asset in a prime location. The property is being sold on an as-is-where-is basis, and the successful bidder will be required to complete the transaction as per the bank's terms and conditions. Items being auctioned: - Commercial property at Plot No. 162, Block C, New Multan, Multan (Reserve Price: Rs. 12,303,000) The property is suitable for commercial use and is situated in a well-developed area of Multan, making it attractive for investors and business owners. Interested bidders must submit a pay order, demand draft, or banker's cheque equivalent to 10 percent of the reserve price as earnest money along with their bid. The auction will be held on 8th October 2026 at 5:30 PM at the property site. Only those who have deposited the earnest money will be eligible to participate in the bidding process. The successful bidder must pay 30 percent of the bid amount within 7 days of the auction and the remaining balance at the time of execution of the sale deed. All applicable taxes, transfer fees, and other charges will be borne by the purchaser. Bidders are advised to inspect the property and review all legal documents before participating. The bank reserves the right to accept or reject any bid without assigning any reason. A practical tip: Visit the property in person before the auction date to assess its condition and verify documentation, as this will help you make an informed bid and avoid surprises after purchase. For further details, contact the undersigned at the provided phone numbers or email address. Ensure all bid documents are complete and submitted before the deadline to avoid disqualification.