AUCTION: Sale of BAIC BJ40 Vehicle 2022 Model by MCB Islamic Bank Ltd. Islamabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. MCB Islamic Bank Ltd. Islamabad invites sealed bids for the sale of a vehicle on an "as is where is" basis. The vehicle offered is a BAIC BJ40, white color, model year 2022. Interested bidders can inspect the vehicle at Plot 239, Street 8, Sector I-9/3, Islamabad between 10:00 AM and 5:00 PM from Wednesday 12th August 2026 until Sunday 16th August 2026. Items being auctioned: - BAIC BJ40 vehicle, white, model 2022 Bidders must submit sealed bids accompanied by a deposit of 10% of the bid amount in the form of a pay order payable to MCB Islamic Bank Ltd. The bidding period closes on Sunday 16th August 2026. Successful bidders will be contacted by the bank on Wednesday 19th August 2026. The bank reserves the right to reject or decline any or all bids without assigning any reason. Applicable tax rates are 10% for filers and 20% for non-filers on the winning bid. This auction provides a valuable opportunity for buyers interested in acquiring a relatively new vehicle through a transparent bidding process. Bidders should ensure their bids are competitive and accompanied by the required deposit to avoid disqualification. Inspecting the vehicle during the specified dates is highly recommended to assess its condition before bidding. For further details, interested parties may contact the bank at 03320588429 or 03005303961. Bids should be submitted in sealed envelopes to the bank's designated address before the closing date. Timely submission and compliance with auction terms will enhance chances of success.