Open Auction of Used Vehicles by Faisalabad Electric Supply Company (FESCO)

Faisalabad Electric Supply Company (FESCO) invites bids for an open auction of used vehicles parked at various regional and field stores in Faisalabad, Jhang, and Mianwali. This auction includes a diverse fleet of vehicles such as Suzuki pickups, Mazda pickups and trucks, Toyota Hiace, Pajero jeeps, motorcycles, and specialized equipment like UNIMOG cranes. The vehicles are offered on an 'as is where is' basis, providing an opportunity for buyers to inspect them at their respective locations during working hours before the auction date. The auction will be held at the FESCO Community Centre opposite the TRW workshop in Faisalabad. Bidders must register starting at 09:30 AM on the auction day and submit a bid security of PKR 100,000 in the form of a Bank Draft, Call Deposit Receipt (CDR), or Bankers Cheque in favor of the CEO FESCO. This security will be adjusted against the winning bid price, with unsuccessful bidders receiving refunds immediately after the auction. The highest bidder is required to pay 25% of the bid amount as earnest money on the spot, with the balance and applicable government taxes payable within 21 working days upon issuance of the Letter of Acceptance. Participants should ensure compliance with FBR/ATL requirements and be aware that all government levies, transfer, and registration fees are the responsibility of the successful bidder. This auction is a practical opportunity for buyers seeking vehicles for operational or resale purposes, with the added benefit of transparent terms and conditions provided by FESCO's disposal office. The submission deadline is on the auction date, **February 4, 2026**, with bidding starting at 11:30 AM. Interested parties should attend the FESCO Community Centre in Faisalabad for registration and auction proceedings. For further details, bidders can contact the Director (MM) Disposal at FESCO during working hours. Pro-Tip: Make sure to verify the specific stamp duty and tax obligations mentioned in the newspaper advertisement and confirm the exact payment schedule to avoid forfeiture of earnest money. Also, inspect vehicles thoroughly before bidding as all sales are final and on an 'as is where is' basis.