The Dawn quoted eyewitnesses, as saying that it was a powerful blast which damaged, partially or heavily, more than 100 vehicles, such as cars, mini-trucks and motorcycles parked at the stand.
No terror group has claimed the responsibility for the blast.
Officials said a huge cache of explosives had been stored in the truck.
The injured have been moved to a nearby hospital, 12 of whom were released following a basic first aid, however, four people are said to be critical.
"The explosives were in a truck loaded with fruit", said to AFP Abdullah Khan Sumbal, a senior official of the local government of Lahore, a metropolis of six million inhabitants located in the north-east of Pakistan.
Bomb blasts by militants are common in Pakistan, especially in tribal areas bordering Afghanistan.
Investigators believe the truck was transporting the explosives somewhere else to be used in an act of terrorism. The blast resulted in a crater, about seven-feet deep, at the site. "After a couple of minutes when I gained my senses, I saw some people injured", Hanif said.
"Yesterday's blast left one dead, whose body was recovered from rubble of a nearby collapsed house".
The incident has raised security concerns ahead of former prime minister Nawaz Sharif's planned rally to Lahore from Islamabad via the GT Road tomorrow.
Punjab Chief Minister Shahbaz Sharif has asked for a report from Capital City Police Officer Amin Wains.
He said, "From our findings, it is very clear that the person who carried out the attack must be an indigene of the area". Oye, who described the attack as wicked, urged the security agencies to unravel those responsible for the dastardly act.
Arsenal's firm stance on the player is admirable, but the version of Sanchez they will enjoy this season remains to be seen. However, Arsenal levelled in the 82nd minute when new signing Sead Kolasinac headed home Granit Xhaka's free-kick.
Cardinals Fan!' McEnany was one of President Trump's most effective messaging defenders on CNN , the heart of what Dr. She later studied at the University of Miami's Law School and transferred to Harvard Law School.
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In a BGR article, popular leaker Evan Blass revealed some final features of the Samsung Galaxy Note 8 . A new rumor from analysts suggests the Samsung Galaxy Note 8 release date won't be until September 15.
Numerous current and former Fox News hosts have accused Ailes of harassment since he was forced out of the company. Bolling can often be seen aggressively defending Trump on the network, and his loyalty has been repaid.
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For Root, his 5000 test runs have come at a fabulous rate: 57 tests and 105 innings, putting him among some outstanding names. When Roland-Jones destroyed South Africa's order on the second afternoon, there looked to be no way back for the Proteas.
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Kimberley Walsh praises 'brave' Sarah Harding for CBB stint
It doesn't end there either as the singer later comes to blows with Paul after accusing him of being a "hypocrite" and a "snide". I've managed to watch a couple of episodes and it's actually really weird seeing someone you know so well in there.
Tobacco stocks crushed as FDA targets nicotine
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China demands immediate withdrawal of Indian troops
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US Navy ends search for missing sailor
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Three shot at San Francisco park crowded with families
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