Sale of Non-Performing Assets by BankIslami

BankIslami Pakistan Limited invites sealed bids from interested parties for the sale of non-performing assets. This procurement is managed by BankIslami Pakistan Limited, located in Karachi, Sindh. The tender concerns the disposal of specific assets as detailed in the notice. Items being procured: - Ali Akbar Textile Mills (old machinery and assets) - Plot No. 59, Block 15, Gulshan-e-Iqbal, Karachi - Land measuring 8,222 square feet in Faisalabad, District Faisalabad The technical scope involves the sale of immovable and movable assets including land and machinery. The assets are located in Karachi and Faisalabad, and bidders are expected to conduct due diligence accordingly. The tender requires submission of sealed bids by the specified deadline. Eligibility criteria include valid registration with FBR and ATL, and compliance with BankIslami's terms and conditions. Interested bidders must submit their bids by 17 October 2023 before 5:00 PM. The bids will be opened on the same day at 5:00 PM. Earnest Money in the form of CDR is required as per the tender documents. The submission address is BankIslami Pakistan Limited, offices at 624, 625, 626, and 627, Business Avenue, Block 9, Karachi. For further information, bidders may contact the procurement office at phone numbers 0333-2336311 or 0331-2234101. A practical tip for bidders: Carefully verify the asset details and conduct site visits if possible before submitting your bid. Ensure all required documents including earnest money and technical bid are complete to avoid disqualification. Timely submission before the deadline is critical to participate in this tender.