AUCTION: Sale of Old ACs, Wood/Ply Sheet Items, and Office Equipment 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 Limited (In Official Liquidation) is offering an open auction for the sale of old and used assets located at its Head Office in Islamabad. This auction invites Pakistani nationals, companies, firms, and societies registered in Pakistan to participate by submitting sealed bids. The assets are sold on an as-is-where-is basis, and bidders must quote their prices in Pakistani Rupees exclusive of applicable sales tax. Items being auctioned include: - Category-A (ACs): HVAC System with 3 outdoor units, 11 indoor units, copper pipes, and indoor electrical wiring - Category-B (Wood/Ply Sheet Items): Wooden Doors (2 sheets), Wooden Partition with glass (12 pieces), Wooden Plant Pot (3), Wooden Rack (16), Wooden Table (4), Wooden Sheet Almirah (2) - Category-C (Office Equipment/Items): Iron Safe 3 Drawer (1), Iron Cabinet (31), Fire Box (2), Iron Plant Pot (4), Steel Almirah (27), Tube Rod fitting 30 frame with tube rods, DB Panel for telephone Exchange (1) The auction requires bidders to submit sealed bids by the deadline of **November 12, 2026**. Successful bidders will be notified within 30 days of bid opening and must deposit the full payment within 10 days of acceptance. Purchased items must be collected within the stipulated timeline. Non-payment will result in bid cancellation and forfeiture of earnest money. Bidders are advised to inspect the assets beforehand to satisfy themselves regarding condition and ownership. The bank reserves the right to amend or withdraw the auction without prior notice. Payments must be made via Pay Order in favor of SME Bank Ltd. (IOL). This auction provides a valuable opportunity for buyers interested in HVAC equipment, wooden furnishings, and office assets in Islamabad. Interested parties should carefully prepare their sealed bids and ensure timely submission to avoid disqualification. A practical tip for bidders is to thoroughly review the bid submission form and ensure all required details, including CNIC and pay order information, are accurately completed to facilitate smooth processing.