Open Auction: 41 Commercial Plots at Small Industrial Estate, Northern Bye Pass Karachi

Issuer: Sindh Small Industries Corporation. Open public auction for sale of commercial plots at Small Industrial Estate, Northern Bye Pass, Karachi. Leasehold allotment for commercial use only.

Important terms and conditions:

- Actual area of each plot will be measured physically.

- Successful bidders must pay 50% of their final bid amount immediately at the time of auction. The remaining 50% must be paid within 30 days; failure to pay will lead to forfeiture of earlier payments and cancellation of allotment.

- Plots are strictly for commercial use and shall not be used for residential purposes.

- If a successful bidder fails to pay 50% of the bid after being declared, the Rs. 20,000 deposit will be forfeited.

- Other terms will be communicated to the successful bidder after payment of 50% of the bid.

- 10% withholding tax under Section 236-A of the Income Tax Ordinance 2001 (as applicable) will be paid by the successful bidders along with the cost of the plot.

- The Corporation reserves the right to accept or reject any or all bids without assigning any reason.

For assistance or queries contact the Regional Office, Sindh Small Industries Corporation, Karachi Region or visit the Small Industrial Estate office, Northern Bye Pass, Karachi.