Toyota Hiace Vehicles Auction by National Centre for Physics

The National Centre for Physics, Islamabad, invites the public to participate in an open auction of vehicles on an as-is, where-is basis. Two Toyota Hiace vehicles, one model 2002 and one model 2003, are being offered for sale through competitive bidding. The auction will be held on 10 August 2026 at 11:00 am at the National Centre for Physics premises located in Islamabad, Federal territory. Vehicles are available for physical inspection from 27 to 31 July 2026 during office hours from 9:00 am to 3:00 pm at the same location. This is a one-time disposal of existing assets held by the institution.

All bidders must possess valid original CNIC (Computerised National Identity Card). Successful bidders are required to deposit 25 percent of the bid value in cash upfront on the same day to the NCP account. The remaining 75 percent of the bid value must be paid within 7 days of deposit; otherwise the bid will be cancelled and the initial 25 percent deposit will be forfeited. Cheques and bank drafts are not accepted as payment. Government taxes will be charged as per prescribed rates, including 10 percent filer and 20 percent non-filer advance income tax, with bidders responsible for depositing according to any changes notified by the Federal Board of Revenue.

Bid documents and further information are available on the NCP website at www.ncp.edu.pk. The Competent Authority and Auction Committee reserves the right to accept or reject any bid without prior notice. Vehicle inspection can be arranged by contacting the National Centre for Physics at the address provided or via email at saleem.qadri@ncp.edu.pk. All post-purchase legal and administrative formalities remain the responsibility of the successful bidder, along with all applicable government taxes, transfer fees, and related expenses.

This is a liquidation auction of two used Toyota Hiace vans (2002 and 2003 models) by a federal research institution. Bidders face tight cash requirements: 25 percent upfront on auction day, remainder within 7 days or full forfeiture. No financing options; cheques rejected. The inspection window is short (27–31 July), and winning bidders absorb all post-purchase formalities and taxes. Scale is very small; this is one-off surplus asset disposal. Limited supply (two units only) may attract competitive bidding if prices appear attractive.

Who can bid: Bidders must hold valid original CNIC issued by Pakistan. Typically for government asset auctions, only Pakistani nationals or entities registered in Pakistan are eligible. No specific registration (NTN/SECP) is mentioned for this consumer asset sale, though the notice does not explicitly confirm restrictions.