Auction of Used Toyota Corolla Vehicle

Government Holdings (Private) Limited (GHPL) is offering an auction for a used Toyota Corolla vehicle registered in Islamabad. This procurement is specifically for interested bidders in Islamabad Capital Territory who wish to acquire the vehicle on an 'AS IS WHERE IS' basis. The vehicle is a 2013 model with manual transmission and 1300 CC engine capacity. Bidders are encouraged to inspect the vehicle at GHPL's office between 12:00 PM and 4:00 PM from Monday to Friday at their own cost before submitting bids. The auction process requires submission of a single sealed envelope containing the bid and a bid security of PKR 250,000 in the form of a pay order or bank draft in favor of Government Holdings (Private) Limited. Bids must be valid for ninety days from the date of opening. The highest bidder will be awarded the contract and must deposit the full bid amount within three working days of award notification. Ownership transfer and possession of the vehicle will be completed after full payment and registration formalities. Eligibility criteria include compliance with all applicable laws of Pakistan and submission of all required documents signed by an authorized signatory. The bid opening is scheduled for July 15, 2026, at 12:30 PM, with bid submission deadline at 12:00 PM the same day. Bidders should ensure their bids are complete and accompanied by the required earnest money to avoid disqualification. A practical tip for bidders is to thoroughly inspect the vehicle prior to bidding, as the sale is on an 'AS IS WHERE IS' basis with no warranties or guarantees. Understanding the vehicle's condition will help in submitting a competitive and informed bid. The auction offers a transparent opportunity to acquire a used vehicle through a regulated process managed by GHPL.