Open Auction of Used Miscellaneous Stores Including Scrap Items

This procurement notice invites interested parties to participate in an open auction for various used miscellaneous stores located in Karachi. The auction is organized by the Chairman Auction Committee and will be held on 1st September 2026 at 0900 hrs. The venue for the auction is 34-37 PNH Lines, near PNS Shifa Hospital, Karachi Cantt. The items being auctioned include a diverse range of used scrap items such as tyres, batteries, furniture, electronics, iron scrap, and machinery, all offered on an 'as is and where basis'. Items being procured: - Tyres - Batteries - Furniture - Electronics - Iron scrap - Machinery The auction allows interested parties to visit the scrap stores on 31st August 2026 from 1000 hrs to 1400 hrs for inspection. Participants and their representatives must bring their original and valid CNIC (NADRA) along with three attested copies on the day of the auction. The successful bidder will be required to deposit 25% of the highest bid amount on the spot as earnest money, with the balance including GST payable within six days of the auction. Failure to deposit the balance amount will result in forfeiture of the earnest money in favor of the Government of Pakistan. After full payment, the material/store must be removed by the highest bidder at their own risk and cost within 10 days. This auction is a unique opportunity for suppliers and buyers interested in acquiring used industrial and miscellaneous items in Karachi. The auction committee reserves the right to reject any bid or complete the auction without assigning any reason. Bidders should ensure timely presence and compliance with all terms to avoid disqualification. For eligibility, bidders must have valid identification and be prepared for immediate payment terms. No specific PEC category or FBR registration is mentioned, but adherence to auction terms is mandatory. The auction process is straightforward but requires careful attention to deadlines and payment conditions. The key date to remember is the auction on 1st September 2026 at 0900 hrs, with prior inspection on 31st August 2026. The venue is clearly stated in Karachi Cantt, ensuring local bidders can attend easily. A practical tip for bidders is to thoroughly inspect the items on 31st August to assess condition and value before bidding, as all items are sold as-is with no returns or claims accepted.