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Open Auction — Sale of Debris & Scrap from 30 Marla Building, House No.151-B, Ali Block, New Garden Town, Lahore (06 July 2026)

Open Auction · Lahore · Nawa-i-Waqt,

Notice advertisement published in Nawa-i-Waqt on Friday, 19 June 2026, listed under Lahore. Issued by Open Auction. The last date printed on the advertisement was Monday, 6 July 2026 and has passed.

Newspaper clipping: Open Auction — Sale of Debris & Scrap from 30 Marla Building, House No.151-B, Ali Block, New Garden Town, Lahore (06 July 2026), Nawa-i-Waqt, 19 Jun 2026 Open the full-size clipping
Original clipping · Nawa-i-Waqt · 19 Jun 2026 · tap to zoom

Advertisement details

Issuer: Punjab Mineral Development Corporation (PUNJMIN). Open public auction for sale of scrap material and debris from an existing building/structure on an "As Is Where Is" basis (boundary wall excluded).

Property30 Marla building/structure (Ground + 1st Floor)
LocationHouse No. 151-B, Ali Block, New Garden Town, Lahore
Basis of SaleAs Is Where Is (excluding boundary wall)
PurposeDemolition of structure and removal/disposal of scrap material & debris
Reserve / Base PricePKR 1,500,000
Earnest Money10% of reserve price by Pay Order/Bank Draft in favor of Punjab Mineral Development Corporation (PUNJMIN)
Auction Date & Time2026-07-06 at 11:00 AM
VenueConference Room, Punjab Mineral Development Corporation (PUNJMIN), 2nd Floor, Alfalah Building, The Mall, Lahore

Key submission and payment terms:

  • The successful bidder must deposit 25% of the offered amount within 24 hours of the award.
  • The remaining 75% must be deposited within three (3) working days after issuance of the acceptance letter.
  • If the successful bidder fails to deposit the initial 25%, the earnest money will be forfeited. If the remaining 75% is not deposited, both the earnest money and the 25% deposit will be forfeited.
  • Earnest money of unsuccessful bidders will be returned after completion of the auction process; the successful bidder's earnest money will be adjusted against the 25% initial payment.
  • Payments must be made by Pay Order/Bank Draft in favor of Punjab Mineral Development Corporation (PUNJMIN).

Site visit and demolition responsibilities:

  • Interested parties may visit the site during office hours to assess the property prior to bidding.
  • The successful bidder is responsible for compliance with applicable laws and safety regulations, demolition of the existing structure, removal of all debris, and complete site clearance at their cost within one (1) month from issuance of the work order.
  • The site must be restored and cleared to the satisfaction of PUNJMIN, ready for new construction.
  • PUNJMIN reserves the right to reject any or all bids prior to acceptance of a financial proposal.

Contact details for site visits and coordination:

  • Mr. Tahir Javed Janjua — Ph: 0331-4244063, 0300-4384375
  • Mr. Amjid Gill — Ph: 0337-1746916, 0308-4423574

Administrative contact: Muhammad Sarmad Taimoor, General Manager (Administration), Punjab Mineral Development Corporation, 2nd Floor, Alfalah Building, Shahrah-e-Quaid-e-Azam, The Mall, Lahore. Official website: https://punjmin.punjab.gov.pk/ Phone: 042-99205186.

Published in Nawa-i-Waqt on Friday, 19 June 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.

Nawa-i-Waqt · 19 Jun 2026
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