Auction of Official Vehicle by Zarai Taraqiati Bank Limited (ZTBL) Islamabad

ZTBL Islamabad invites bids for the auction of one official vehicle under an open public bidding process. This opportunity is ideal for buyers in Islamabad seeking a reliable vehicle from a reputable financial institution. The auction covers a 2023/2024 MG Essence vehicle, offered strictly on an 'as is, where is' basis without warranty or after-sale liability. Bidders can inspect the vehicle at ZTBL Head Office, Zero Point, Islamabad, between 10:00 AM and 4:00 PM on working days before the auction. The vehicle's condition must be accepted by bidders prior to bidding, as no claims will be entertained post-sale. Participants must comply with ZTBL's auction policy and PPRA rules. Bidders should be active taxpayers listed on the ATL and submit a bid security of PKR 100,000 via pay order or CDR. The successful bidder must deposit PKR 1 million within two days and settle the remaining amount within ten working days. The transfer of ownership must be completed within 15 working days after full payment, with all applicable taxes under Section 236A of the Income Tax Ordinance, 2001, payable by the buyer. Submission deadline is on the auction date, 17 March 2026, at 11:00 AM at ZTBL Head Office, Zero Point, Islamabad. Bids will be opened electronically through the PPRA EPADS system. Ensure all required documents, including CNIC and bid security, are submitted before bid closing. Pro-Tip: Verify the exact stamp duty and tax obligations before bidding, as these are often overlooked and can affect the total cost. Also, attend the vehicle inspection to avoid surprises regarding its condition.