Muzammil Paracha, buyer of Rs100 million number plate, passes away
file photo
file photo
KARACHI (Web Desk): Muzammil Paracha, a well-known Karachi businessman who bought an ‘A1’ premium vehicle number plate for Rs100 million, has passed away.

According to details, Muzammil Paracha had been suffering from cancer for a long time and died due to the same disease. However, his family has not yet issued any official statement regarding his death and illness.

Muzammil Paracha was among the highest bidders at the first premium number plate auction held by the Sindh Excise Department at a local hotel in Karachi. The auction was a landmark moment in the province’s vehicle registration history and made Muzammil an internet sensation.

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Sindh government earned Rs67.54 Crore out of 40 plates. The highest bid was for the “A1” plate, which earned 100 million rupees. The “A1” plate was won by Muzammil Karim Paracha.

 

Another significant sale was that of the luxury number plate ‘786’, which was bought for Rs20.65 million by a businessman called Sarosh. Sindh Local Government Minister Syed Nasir Hussain Shah handed it over to him in a formal ceremony.

It should be noted that the business community and social media users have expressed their condolences on the demise of Muzammil Paracha. They have paid tribute to him for his entrepreneurial spirit and setting a new standard in the luxury vehicle market.