Sindh Auctioned Premium Number Plate ‘A1’ for Rs. 10 Crore

KARACHI: Sindh recently conducted its first-ever auction of premium number plates, organized by the Excise and Taxation Department. The event drew a substantial crowd, all eager to obtain unique and distinguished registration plates.

Sindh Auctions Number Plate ‘A1’ for Rs. 10 Crore

The highlight of the auction was the sale of the ‘A1’ number plate, which set a new record by fetching an astonishing Rs100 million (10 crore rupees). This highly sought-after plate was purchased by businessman Muzamal Kareem, who also made headlines by acquiring the premium number plate ‘7’ for Rs45 million (4.5 crore rupees).

Another noteworthy sale was the ‘786’ number plate, which was acquired by businessman Sorosh for Rs26 million (2.6 crore rupees). Sindh Energy Minister Nasir Shah personally presented Sorosh with the ownership certificate for this prized plate.

Provincial ministers emphasized that these premium number plates represent more than just registration numbers; they are valuable investment assets. Auction winners have the potential to resell these plates in the future, possibly at a profit.

The auction was a significant event for Sindh, highlighting the growing interest in exclusive and prestigious number plates. It showcased the willingness of individuals to invest substantial amounts for the prestige associated with owning unique registration plates.

This inaugural auction has set a high bar for future events, demonstrating that the market for premium number plates is both lucrative and competitive. The success of this event indicates a strong demand for distinctive registration numbers, paving the way for similar auctions in the future.