In a landmark event, the Sindh government recently auctioned 40 premium number plates in Karachi for the first time, attracting significant interest from the city’s affluent individuals. The auction, held at a local hotel, generated a total of 67.54 crore PKR, with proceeds earmarked for the construction of houses for flood victims in Sindh.
Highlights of the Auction
The auction’s highlight was the sale of the number plate “A1,” which fetched a staggering 100 million rupees. Businessman Muzamal Kareem placed the highest bid for this coveted number plate. Senior Minister of Sindh, Sharjeel Memon, personally presented Kareem with the ownership certificate, marking a significant moment in the auction.
Another notable sale was the number plate “786,” which was purchased by businessman Sorosh for 26.5 million rupees. Sindh Energy Minister Nasir Shah awarded the ownership certificate to Sorosh, further emphasizing the high demand for these exclusive plates.
Other premium number plates, such as “A5” and “A7,” were sold for 53 million PKR and 46 million PKR, respectively. These sales underscored the strong interest and willingness of buyers to invest in unique and prestigious number plates.
Who is Muzamal Kareem?
The auction brought Muzamal Kareem, a businessman, into the public eye for the first time. Despite his significant purchase, little is known about Kareem and his business ventures. His acquisition of the “A1” number plate for 100 million rupees has made headlines, yet details about his professional background remain scarce.
Impact of the Auction
The total proceeds from the auction amounted to 67.54 crore PKR, which will be utilized for a noble cause. The Sindh government has announced that the funds will go towards constructing houses for flood victims in the region. This initiative highlights the government’s commitment to addressing the needs of those affected by natural disasters and ensuring their rehabilitation.
