AUCTION: Lease Rights of 10 Parking Sites Rawalpindi 2026

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Prudent Auction Board, Rawalpindi, invites interested parties to participate in the open auction for lease rights of 10 different parking sites across Rawalpindi city for the financial year 2026. The auction will be held on 7 September 2026 at 10:00 AM at the board's office. The annual reserve price for each parking site is set at Rs. 40,000. This is an excellent opportunity for bidders to secure the rights to operate and manage these parking locations under the terms set by the local government. Items being auctioned: - Lease rights for 10 separate parking sites in Rawalpindi (annual reserve price per site: Rs. 40,000) Each parking site will be auctioned individually, and successful bidders will be required to deposit the specified earnest money and comply with all terms and conditions outlined by the board. The auction is open to all eligible individuals and firms, provided they submit valid CNIC copies and the required earnest money in the form of a pay order or CDR. Bidders must not be defaulters of any government department. The successful bidder will be responsible for managing the parking site as per municipal regulations and must pay the annual lease amount promptly. Interested parties should arrive at the auction venue before the scheduled time and bring all necessary documents, including proof of identity and earnest money. The auction board reserves the right to accept or reject any bid without assigning a reason. For further details, contact the board office at the number provided below. Tip: Arrive early on auction day to complete registration and review the site locations in advance, as this can give you a strategic advantage in selecting the most lucrative parking sites.