AUCTION: Sale of Vehicles by Pakistan Steel Mill Bin Qasim Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Pakistan Steel Mill located at Bin Qasim Karachi is offering an auction for the sale of vehicles on an as-is-where-is basis. Interested bidders must have valid Sales Tax Registration and NTN certificates, both mandatory for participation and must be uploaded on the EPADS website. The auction involves the sale of various vehicles currently held by the department. Items being auctioned: - Vehicles (specific details not provided in the notice) Bidders are required to physically inspect the vehicles within four working days from Monday to Thursday between 0900 hours to 1500 hours at the Stores Department, Pakistan Steel Mill, Bin Qasim Karachi. Contact officials at Cell No. 0300-2557006 / 0300-2131447 / 0336-1256424 for inspection arrangements. The bid submission deadline is **23rd November 2026 at 1000 hours** via the E-PADS online portal. Bids will be opened on the same day at 1030 hours by the tender opening committee. In case of office closure, the opening will be deferred to the next working day. Each bid must be accompanied by a Bank Draft or Pay Order equivalent to 5% of the bid amount as Earnest Money in favor of Pakistan Steel Mill. The original earnest money instrument must be submitted at the Stores Department before tender opening. Bids without earnest money or with insufficient earnest money will be rejected. Successful bidders must deposit the full bid amount plus applicable government taxes, including 10% income tax, within seven working days after issuance of the letter of acceptance. Delivery of vehicles must be taken within 20 working days of the delivery order issuance. Failure to lift vehicles within this period will incur floor charges at 2% per day per thousand rupees. Vehicles not taken within 20 days may be confiscated without further notice. The bid validity period is 90 days post-opening. Pakistan Steel reserves the right to accept or reject any or all bids without assigning reasons. No negotiation will be entertained with the highest evaluated bidder or others after bid submission. Bidders must arrange their own machinery, equipment, and labor for vehicle removal. Permission for entry of such machinery and labor into Pakistan Steel premises requires written request and approval from the Stores and Security Departments. A practical tip for bidders: Ensure all mandatory documents including NTN, Sales Tax Registration, and earnest money pay order are uploaded correctly on EPADS to avoid disqualification. Early physical inspection is recommended to assess vehicle condition thoroughly before bidding.