AUCTION: Old Furniture, Air Conditioners, Generators, and Miscellaneous Scrap at U Microfinance Bank Islamabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. U Microfinance Bank Limited, Islamabad, is conducting an open auction for the disposal of various old and unserviceable assets. The auction will be held at the bank's head office, located at Plot No. 70, Sector G-8/4, Islamabad. Interested parties are invited to participate in the auction process, which will take place on 21 September 2026 at 11:00 AM. All items will be sold on an as-is-where-is basis, and successful bidders will be required to deposit 10 percent of the bid amount as earnest money immediately after the auction. Items being auctioned: - Old furniture (various types and quantities) - Old air conditioners (split and window units) - Old generators (various capacities) - Miscellaneous scrap items (details available at site) The assets are available for inspection at the head office during working hours up to one day before the auction date. All interested bidders must bring their original CNIC for registration prior to the auction. The auction committee reserves the right to accept or reject any bid without assigning any reason. Payment of the full bid amount must be made within the stipulated time after the auction, failing which the earnest money will be forfeited. This auction is a good opportunity for scrap dealers and businesses looking for used office equipment and machinery. Make sure to inspect the items thoroughly before bidding, as all sales are final and no claims will be entertained after the auction. For a better chance of success, arrive early on the auction day to complete registration and review the lots in person.