Public Auction: Bank-Recovered Property (Plot No. 436) — Punjab Provincial Cooperative Bank (PPCBL)

Issuer: Punjab Provincial Cooperative Bank Limited (PPCBL), Head Office Lahore. PPCBL will conduct a public auction for sale of a bank-recovered property. Interested bidders must follow the conditions and deposit requirements listed below.

Key conditions and instructions:

• Earnest money (bid security): 10% of the quoted price must be submitted with the bid (pay order or bank draft in favour of PPCBL) as specified in the auction terms.
• Bidders must present valid identification and submit bids before the auction starts. PPCBL reserves the right to accept or reject any bid and to cancel or postpone the auction.
• If the highest bidder defaults, the earnest money shall be forfeited and the bank may offer the property to the next highest bidder or re-advertise the sale.
• Successful bidder must pay the remainder of the sale price and complete documentation within the period specified by the bank. Applicable taxes and duties will be borne by the purchaser.
• For inspection, detailed terms, and submission procedure contact the bank during office hours. Office timings for queries are noted in the auction notice.

Contact details for inquiries:

• Phone: 0332-8536203
• Phone: 051-4252276

Note: Prospective bidders should obtain and read the full auction terms and conditions from PPCBL Head Office before participating.