Open auction of unserviceable machinery, equipment, electrical goods, furniture, and vehicle spare parts

The Board of Investment (BOI) Islamabad is conducting an open auction for unserviceable items located at BOI premises, Kohsar Block, New Pak Sector Islamabad. This auction invites interested parties to bid on a variety of unserviceable goods offered on an "As is where is" basis. Items being procured: - Machinery - Equipment - Electrical goods - Furniture items - Miscellaneous items salvage - Old/unserviceable spare parts of vehicles The auction provides a unique opportunity for suppliers and buyers to acquire these items directly from the government entity. Inspection of the unserviceable items is allowed during office hours from 12-08-2026 to 13-08-2026, enabling bidders to assess the condition and suitability of the goods before placing their bids. The auction will be held at 10:00 hours on 16-08-2026 at the BOI premises. Interested bidders must deposit Rs. 20,000 as seed money along with a copy of their Computerized National Identity Card (CNIC) before participating. The highest bid will be accepted, with 50% of the accepted bid amount payable immediately on the spot to confirm the sale price. The remaining 50% must be deposited within 15 days of the auction date, failing which the initial payment will be forfeited. All government taxes will apply as per prevailing rates. Transportation of sold items is the responsibility of the bidders. This auction is ideal for businesses specializing in electrical goods, furniture, vehicle spare parts, and machinery salvage. Bidders should ensure they have the financial capacity to meet the payment terms and arrange for timely removal of purchased items. The BOI reserves the right to accept or reject any or all bids as per PPRA rules. A practical tip for bidders is to thoroughly inspect the items during the inspection period and prepare their financial arrangements in advance to avoid forfeiture of the initial payment. This auction offers a transparent and competitive platform to acquire government surplus goods in Islamabad.