AUCTION: Used Furniture and Scrap Items at U Microfinance Bank Islamabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. U Microfinance Bank Limited invites interested parties to participate in the open auction of used furniture and scrap items at its Islamabad head office. The auction will be held on 7 October 2026 at 11:00 AM at the bank's premises in G-8/4, Islamabad. All items are available for inspection prior to the auction date, and bidders are encouraged to review the lots in person to assess their condition and value. Items being auctioned: - Used office chairs (various quantities) - Used office tables (various quantities) - Used steel almirahs (various quantities) - Used air conditioners (various quantities) - Miscellaneous scrap items (as is, where is) The auction will be conducted on an as-is-where-is basis, and successful bidders must deposit 10 percent of the bid amount as Earnest Money on the spot. The remaining balance must be paid within the stipulated time as announced during the auction proceedings. All applicable taxes and duties will be borne by the successful bidders. Only those who deposit the required Earnest Money will be eligible to participate in the bidding process. Interested parties must bring their original CNIC for registration on the day of the auction. The auction committee reserves the right to accept or reject any bid without assigning any reason. For further details, contact the bank at the provided phone number. A practical tip: Arrive early on auction day to inspect the items thoroughly and clarify any queries with the auction committee before bidding begins.