Tender Details
Description / Scope of Work
The Pakistan Institute of Public Finance Accountants (PIPFA), a company established under Section 42 of the Companies Act 2017, invites sealed bids from interested parties for the sale of a Suzuki Cultus vehicle registered in November 2018. The vehicle is grey in color with a mileage of 102,000 kilometers and is offered for public auction in Karachi, Sindh. Interested parties may inspect the vehicle during working hours by contacting the designated officer to obtain further information about its condition and specifications before submitting their bids.
Bidders must submit sealed bids accompanied by a refundable security deposit of Rs. 25,000, which serves as bid security. Eligible participants include any interested parties capable of meeting the financial and procedural requirements of the auction. There are no specific licensing or registration restrictions mentioned in the notice, and PIPFA reserves the right to accept or reject any or all bids without assigning any reason thereof.
Sealed bids must be submitted to PIPFA's office located at 2nd Floor, State Life Building-2, City Railway Station, Wallace Road, Off I.I. Chundrigar Road, Near Habib Bank Plaza, Karachi, Sindh 74000, not later than Monday, 21 September 2026 by 2:00 pm. Bids will be opened the same day at 3:00 pm in the presence of bidders. Interested parties should contact Kashif Ullah (CFO) at telephone number 021-32402367-68 Extension 110 for further details and inspection arrangements.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
PIPFA is auctioning a 2018 Suzuki Cultus with 102,000 km mileage.
This is a straightforward asset disposal by a professional body, not a service contract. The vehicle inspection is available pre-bid. Bid security is Rs. 25,000 (relatively low threshold). Deadline is tight at approximately three months from publication. Competition likely limited to local Karachi buyers given vehicle nature. One-time liquidation event with no recurring element.
Who can bid: The notice does not specify eligibility restrictions. Typically, vehicle purchase auctions in Pakistan accept bids from Pakistani nationals and registered businesses; valid CNIC or company registration is typically required for payment purposes. Consult PIPFA directly on any specific documentation needed.