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Tender Details
Description / Scope of Work
Auction Notice Details
Issuing Authority: The Bank of Punjab (BOP)
Notice Type: Public Auction of Properties Mortgaged in the Account M/S Sumaira Flour Mills (Pvt.) Limited
Plaintiff: The Bank of Punjab, Tricon Center Branch, Lahore
Outstanding Liability: PKR 910,537,534/- (as of November 20, 2025)
Defendants / Mortgagors:
M/s Sumaira Flour Mills (Private) Limited
Rana Muhammad Shahzad
Rana Sheheryar
M/s Ashraf Poly (Private) Limited
M/s S.S Rice Mills
Ramzan Flour Mills (Pvt.) Limited
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
Bank of Punjab is auctioning mortgaged properties from a defaulted flour milling account with outstanding liability exceeding PKR 910 million.
This is a debt recovery auction, not a service/supply procurement—bidders are property buyers, not contractors. Single event, not recurring. Significant asset value likely, but actual property specifications, location details, and reserve prices absent from notice. September 2026 closing suggests extended bidding window; verify auction conditions and property inspection schedules separately.
Who can bid: Typically, public auctions allow any individual or registered entity to bid. SECP registration required for corporate bidders; NTN registration advisable for all participants. No explicit restrictions stated. Verify auction prospectus for specific qualification criteria, financial standing requirements, or sector-based exclusions.