Pakistan Railways Public Auction — Shops, Railway Land, Parking Stands and Commercial Sites (Open Bidding)

Issuing authority: Pakistan Railways — Railway Property & Land (advertised under Pakistan Railway rules). Open public auction (open bidding) will be held for railway land and commercial uses including shops, cultivation, godowns/tanneries, parking stands, poultry sheds, cattle farm, nurseries, Model Bazar, fibre stalls, marquees and fish farms. Each site will be auctioned on an annual-rent basis with fixed premium where applicable. Bidding will be open at 10:00 AM on the dates and at the places shown in the approved list for each site.

Key auction procedures and requirements:

- Bids will be accepted on the basis of the highest offered open bid on annual rent with fixed premium where applicable. Highest open bids will be announced in the presence of participants/bidders by the auction committee.

- All participants must deposit refundable Bid Security in advance by Cash Deposit Receipt (CDR) with the auction committee at least one hour before the start of the auction. Specific bid-security amounts and refundable conditions vary by category and are stated in the full auction document.

- The successful bidder for new shops must deposit 100% premium at the time of auction. For parking stands and other lease types, portions of the offered bid/premium and development charges are payable at the time of auction as specified in the terms.

- Bid security will be returned or adjusted to unsuccessful/rescheduled bidders as per the auction terms. Failure by a successful bidder to deposit required payables will result in forfeiture of the bid security.

- Ex-licensees (previous occupants) will be given first right of refusal provided they are not defaulters and not involved in litigation against Pakistan Railways.

- The Competent Authority reserves the right to accept or reject any or all bids, withdraw any proposed land/site, or cancel auctions without assigning reasons. Detailed terms and conditions, eligibility rules and instructions are available in the auction documents and on Pakistan Railways web site.

How to participate: interested parties must refer to the approved site list for auction dates/locations, deposit the required Bid Security by CDR at least one hour before their auction and participate in public open bidding at 10:00 AM on the scheduled date. Full terms, site-wise schedules, bid-security amounts and other instructions are available from Pakistan Railways and on the official Pakistan Railways website (PakRAIL.com).

Reference: Auction conducted under Railway Property & Land Rules, 2023.