Tender Details
Description / Scope of Work
SME Bank Ltd. (In Official Liquidation), owned by the Federal Government and registered at 56-F Nazimuddin Road, F-6/1 Blue Area Islamabad, is offering for sale an office property located at Plot No. B-9-B/3, SITE Area, Karachi through an open sealed bid auction process. The property comprises 3,294 square feet across ground and mezzanine floors with available infrastructure facilities including water, electricity, roads and sewerage. The sale is being undertaken as per sanction of the Honourable Islamabad High Court and shall be subject to confirmation by the Court. The property is offered on an "as is where is" basis and bidders are required to conduct their own due diligence regarding location, measurements, property status, ownership documents and surroundings before submitting bids.
Eligibility is open to all Pakistani individual nationals, whether residing within Pakistan or abroad, as well as companies, firms and societies registered in Pakistan under relevant laws. Bidders must submit sealed bid offers accompanied by bank draft or pay order of Rs. 3 million as earnest money by the bid submission deadline of November 05, 2026. Bids shall be offered in Pakistani rupees for the total property price exclusive of applicable sales tax and charges. Upon bid acceptance, a comprehensive sale and purchase agreement containing all terms and conditions shall be executed between the Bank and the successful bidder.
Payment is structured in three tranches: 25 percent of the bid amount (after adjusting earnest money) due within 20 days of bid acceptance letter; 50 percent due within 45 days; and the final 25 percent at the time of property transfer and possession within 90 days. All payments must be made through bank drafts or pay orders in favour of SME Bank Ltd. Non-payment of the first tranche results in automatic bid cancellation and forfeiture of earnest money. The Bank will facilitate necessary property transfer and issuance of No Objection Certificates to relevant authorities for utility transfers. All transfer costs including registration charges, stamp duty, department charges and applicable taxes shall be borne by the successful bidder.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender, written with AI from the official notice and checked by our quality rules — not part of the official notice. Always confirm details against the original tender document.
SME Bank (IOL) is liquidating a 3,294 sq ft office property in SITE Area Karachi through sealed bidding.
This is a one-time asset sale with court sanction; bidders must pre-qualify with Rs. 3 million earnest money and meet a November 2026 submission deadline. The three-tranche payment structure (25%-50%-25%) extends 90 days post-acceptance, creating significant working capital requirements. This is likely a competitive process given government asset disposal protocols; successful bidders assume all transfer costs and post-possession utility charges.
Who can bid: Pakistani nationals (resident or overseas) and SECP-registered companies, firms or societies may bid. Bidders acting as agents must provide notarized power of attorney or corporate board resolutions. No specific professional license, NTN, or sector registration is stated as mandatory, though all payments and transfers will involve standard tax and regulatory compliance typical for property acquisitions in Pakistan.