AUCTION: Open Oral Auction of Unserviceable Items/Dead Stock by Provincial Benevolent Fund Board Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Provincial Benevolent Fund Board Lahore is inviting interested parties to participate in an open oral auction for the disposal of unserviceable items and dead stock on an "as is where is" basis. The auction will be held on Thursday, 12th November 2026 at 11:30 a.m. at the 1st Floor, Alfalah Building, The Mall, Lahore. Items being auctioned include unserviceable items and dead stock, though specific details of these items are not provided in the notice. Inspection of the items is available from 4th November 2026 to 11th November 2026 between 10:00 a.m. and 4:00 p.m. Bidders must submit a bid security of Rs. 300,000 in the form of a Pay Order or CDR in favour of the Chairman Provincial Management Board before bidding. Payment terms require one-third payment on the same day of the auction, with the remaining balance payable on the next working day. Advance tax will be applicable on the bid value as per FBR prescribed rates. Loading and unloading responsibilities lie with the bidder, and goods must be removed by the next working day after full payment. The authority reserves the right to reject any or all bids. Interested bidders can obtain detailed terms and conditions from the Administrator Alfalah Office during the inspection period. Contact for inquiries is available at 042-99204034 from Monday to Friday, 09:00 a.m. to 05:00 p.m. A practical tip for bidders is to ensure timely submission of the bid security and to inspect the items thoroughly during the inspection period to assess their condition and value before participating in the auction.