AUCTION: Al Baraka Bank Multan Branch Commercial Property (Plot No. 74, Block B, New Multan, Multan) with Building Structure

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 sealed bids for the auction of its commercial property located at Plot No. 74, Block B, New Multan, Multan, measuring 123.033 square yards, along with the existing building structure. This auction is open to all eligible individuals and entities interested in acquiring a prime commercial asset in Multan. The property is being offered on an as-is-where-is basis, and the successful bidder will be responsible for all legal and transfer formalities as per the bank's terms. Items being auctioned: - Plot No. 74, Block B, New Multan, Multan (123.033 sq. yards) with existing building structure The technical scope includes the transfer of ownership through a Sale Deed after full payment and completion of all required documentation. The reserve price for the property is set at PKR 74,890,000. Interested parties must submit their sealed bids along with a pay order, demand draft, or banker's cheque equivalent to 10% of the reserve price as earnest money in favor of Al Baraka Bank. The earnest money of unsuccessful bidders will be returned after the auction process. Bids must be submitted by 7 June 2026, 5:30 PM, at the bank's Regional Office, 162, Block B, New Multan, Multan. The auction will be conducted on 8 June 2026 at 11:00 AM at the same address. Only those who have submitted earnest money and valid bids will be allowed to participate in the auction proceedings. The successful bidder must deposit the remaining 90% of the bid amount within 15 days of acceptance, failing which the earnest money will be forfeited. All bidders must ensure compliance with the bank's terms and conditions, including the provision of valid CNIC and proof of funds. For further details, contact the undersigned at the provided phone number or email. A practical tip: Visit the property site before bidding to assess its commercial potential and verify all legal documents for a smooth transfer process.