AUCTION: Old and Unserviceable Vehicles 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, invites interested parties to participate in the open auction of old and unserviceable vehicles. The auction will be held at the bank's head office in Islamabad. This is an excellent opportunity for individuals and businesses looking to acquire used vehicles at competitive rates directly from a reputable financial institution. Items being auctioned: - Old and unserviceable vehicles (exact models, makes, and quantities not specified in the notice) The vehicles are being sold on an as-is-where-is basis. Interested bidders are encouraged to inspect the vehicles prior to the auction date. The auction will take place on 5 June 2026 at 11:00 AM at the U Microfinance Bank head office, G-8/4, Islamabad. All participants must bring their original CNIC for registration and are required to deposit a refundable earnest money of 10 percent of the bid amount to qualify for participation. The successful bidders will be required to pay the full amount within the stipulated time as per the auction terms and conditions. Eligibility is open to all Pakistani nationals and businesses. No prior registration with FBR or PEC is required for this auction. For further details, interested parties may contact the bank at the provided phone number. It is advisable to arrive early on the auction day to complete the registration process and inspect the vehicles thoroughly before bidding. A practical tip: Bring a mechanic or vehicle expert with you to assess the condition of the vehicles on-site, as all sales are final and no claims will be entertained after the auction.