AUCTION: Used Vehicles (2017-2022 Models) at alBaraka Bank Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. alBaraka Bank (Pakistan) Limited, Karachi, is conducting an open auction for the sale of used vehicles currently available in its fleet. The auction is based on the principle of 'as is, where is', and all interested parties are invited to participate in this transparent process. The vehicles up for auction include: - 1 unit Toyota Prius 2022 - 1 unit Honda City 2022 - 1 unit Honda BR-V 2017 - 1 unit Hyundai Porter H-100 2025 All vehicles can be inspected from 31 August 2026 to 2 September 2026 during working hours at the designated location. Prospective bidders must bring their original CNIC for verification and a pay order of PKR 20,000 (refundable) in the name of alBaraka Bank (Pakistan) Limited as earnest money for each vehicle they wish to bid on. Bids must be submitted in sealed envelopes to the bank's head office by 4 September 2026, no later than 05:30 PM. The auction will be held at Building No. 108-C, Commercial Area B, Market Road, Phase 2, DHA, Karachi. The bank reserves the right to accept or reject any or all bids without assigning any reason. Successful bidders will be required to pay the full bid amount through pay order in favor of alBaraka Bank (Pakistan) Limited. In case of failure to complete the transaction, the earnest money will be forfeited, and the next highest bidder may be considered. The bank's decision regarding the auction process will be final and binding on all participants. Tip: Ensure your pay order and CNIC are ready before the inspection dates to avoid last-minute issues and increase your chances of a successful bid.