Tender Details
Description / Scope of Work
The Bank of Punjab invites interested parties to participate in an open auction for the purchase of seven bank-owned properties offered on an 'as is where is basis' across Punjab Province. The properties comprise commercial plots, residential houses, and a mixed-use commercial property with total reserve prices ranging from 12 million to 104 million Pakistani rupees. The auction encompasses Open Commercial Plot No. 6, Block A at Canal City Housing Scheme on Wazirabad-Sialkot Road; Open Commercial Plot No. 6, Block A at the same location; Open Commercial Plot No. 13, Comm-4 at Canal City Housing Scheme; Residential Houses No. 5 and No. 10 (Grey Structure) at Canal City Housing Scheme; and a Commercial Property in Lahore measuring 5,872.70 square meters spread across two floors with additional ground floor space.
Bidders must submit Bank Drafts or Cheques in favor of The Bank of Punjab along with copies of CNIC and call numbers as per schedule. All bidding documents must be submitted before the scheduled auction time at the place of auction. The bidding will commence strictly as per schedule on a provisional basis. Successful bidders are required to pay all applicable Federal and Provincial taxes in full. Advance Tax under Section 236K of the Income Tax Ordinance applies with 30% Filter and 10% Non-Filter options available. The Bank of Punjab reserves the right to reject any or all bids without assigning any reason, and upon issuance of final acceptance within 7 days, bidders must stand by their committed offer.
For bid submission and property inspection details, interested parties should contact the NBA Committee at The Bank of Punjab Head Office, 5th Floor, BOP Tower, NBP Road, Block E-1, Main Boulevard, Gulberg III, Lahore, Pakistan. Contact numbers are provided as (042) 35758090, 35782700. The auction schedule indicates an opening time of 01:00 PM on Tuesday, September 14, 2026, with all properties viewable at the designated auction site.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
The Bank of Punjab is liquidating seven properties across Punjab through open auction, ranging from commercial plots to residential houses and mixed-use facilities, with reserve prices between 12 and 104 million rupees.
Total portfolio value exceeds 300 million rupees. Deadline is tight (mid-September 2026) and bids close before physical auction. This is a one-off portfolio disposal with no recurring component. Bidders face mandatory tax obligations (236K advance tax applicable) and must maintain bid commitment for 7 days post-award. Competition expected to be moderate to high given property types and locations in established housing schemes.
Who can bid: No specific eligibility restrictions are stated in the notice. Typically, bidders in Pakistani property auctions must be Pakistani nationals or registered entities with valid CNIC/NTN, hold no adverse court judgment, and provide earnest money in the form of bank drafts. Verification of identity and financial capacity may be required at submission.