AUCTION: Sale of Office Premises at Plot No. B-9-B/3, SITE Area, Karachi by SME Bank Ltd. (IOL)

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. SME Bank Ltd. (In Official Liquidation) invites sealed bids for the sale of its office premises located at Plot No. B-9-B/3, SITE Area, Karachi. The property comprises a covered area of 3,294 Sq. ft including ground and mezzanine floors with infrastructure facilities such as water, electricity, roads, and sewerage. The sale will be conducted on an "as is where is basis" under the sanction of the Hon'ble Islamabad High Court and is subject to its confirmation. Items being auctioned: - Office premises at Plot No. B-9-B/3, SITE Area, Karachi - Covered area: 3,294 Sq. ft (ground & mezzanine floor) The auction is open to all Pakistani nationals and registered companies, firms, and societies. Bidders must submit a sealed bid along with a Bank Draft or Pay Order of Rs. 3 million as earnest money by the closing date of **November 05, 2026**. The bid price should be exclusive of any applicable taxes or charges. Payment terms require the successful bidder to pay 25% of the bid amount within 20 days of bid acceptance, followed by 50% within 45 days, and the remaining 25% at the time of property transfer and possession within 90 days. Failure to comply with payment deadlines may result in forfeiture of earnest money and cancellation of the bid. All transfer-related expenses including registration, stamp duty, taxes, and legal fees will be borne by the successful bidder. The Bank will facilitate transfer of utilities and possession upon full payment. Interested parties should thoroughly verify the property details and ownership documents before bidding. Sealed bids must be submitted on the prescribed format provided in the notice. Authorized representatives must submit a special power of attorney or company resolution. This auction provides a valuable opportunity to acquire prime office property in Karachi. Bidders are advised to prepare their bids carefully and ensure timely submission to avoid disqualification. For best results, visit the site beforehand and confirm all property details. Contact the Official Liquidator at SME Bank Ltd. Head Office, 56-F, Nazimuddin Road, F-6/1, Blue Area, Islamabad for further information and bid submission.